Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-03), the stock price of Waste Management is CHF180.70. Waste Management's graham number for the quarter that ended in Mar. 2026 was CHFN/A. Therefore, Waste Management's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Waste Management's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Waste Management was 61.60. The lowest was 17.36. And the median was 39.48.
XSWX:WM's Price-to-Graham-Number is not ranked *
in the Waste Management industry.
Industry Median: 1.43 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Waste Management (XSWX:WM) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Waste Management's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
180.70
/
N/A
=
N/A
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Waste Management Graham Number Related Terms
Waste Management Graham Number Historical Data
* Premium members only.
The historical data trend for Waste Management's Graham Number can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Waste Management subindustry, Waste Management's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Waste Management Price-to-Graham-Number vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Management's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Waste Management's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Waste Management (XSWX:WM) has a Graham Number of CHFN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Waste Management and its competitors. Over the past decade, Waste Management's Graham Number has ranged from 17.36 to 61.60. According to the industry distribution chart, Waste Management ranks #999999 out of 137 companies in the Waste Management industry.
Is Waste Management's Graham Number too high?
Waste Management's current Graham Number is CHFN/A. Over the past 10 years, this metric has ranged from a low of 17.36 to a high of 61.60. Based on the distribution chart, Waste Management ranks #999999 out of 137 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Waste Management has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Waste Management's Graham Number compare to ?
According to the Waste Management industry distribution chart, Waste Management ranks #999999 out of 137 companies for Graham Number. This places Waste Management in the lower half of its industry. The industry median Graham Number is 1.43. Historically, Waste Management's own Graham Number has ranged from 17.36 to 61.60 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Waste Management company?
The median Graham Number among Waste Management companies is 1.43, based on 137 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Waste Management and its competitors. For the Waste Management industry, the median Graham Number is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Management's current Graham Number is CHFN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Management stock overvalued right now?
Waste Management (XSWX:WM) has a current Graham Number of CHFN/A. The stock's GF Value™ is CHF192.57, compared to a current price of CHF180.70 — trading 6.2% below its estimated fair value. The current Graham Number is CHFN/A. Waste Management's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Waste Management (XSWX:WM), the current Graham Number is CHFN/A as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waste Management (XSWX:WM) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Management stock appears to be undervalued.
The current stock price of CHF180.70 is trading 6.2% below its estimated GF Value™ of CHF192.57.
Key valuation signals for XSWX:WM:
Graham Number: CHFN/A
GF Value™: CHF192.57 vs. price of CHF180.70 (6.2% below fair value)
No single metric tells the full story. See the XSWX:WM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
87GF Score
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