Waste ManagementXSWX:WM 87 Return-on-Tangible-Asset is 10.26% as of Mar. 2026, which is 1% above its 10-year median of 10.15. GuruFocus rates XSWX:WM with a GF Score™ of 87/100 and a GF Value™ of CHF192.57. The stock has 4 warning signs investors should review. Among 248 Waste Management companies, Waste Management ranks better than 89.11% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Waste Management's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF2,892 Mil. Waste Management's average total tangible assets for the quarter that ended in Mar. 2026 was CHF28,176 Mil. Therefore, Waste Management's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.26%.
The historical rank and industry rank for Waste Management's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:WM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.48 Med: 10.15 Max: 13.4
Current: 10.05
During the past 13 years, Waste Management's highest Return-on-Tangible-Asset was 13.40%. The lowest was 7.48%. And the median was 10.15%.
XSWX:WM's Return-on-Tangible-Asset is ranked better than 89.11% of 248
companies
in the Waste Management industry
Industry Median: 1.89
vs XSWX:WM: 10.05
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Waste Management Return-on-Tangible-Asset Related Terms
Waste Management Return-on-Tangible-Asset Historical Data
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The historical data trend for Waste Management's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Waste Management's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.26% mean?
Waste Management (XSWX:WM) has a Return-on-Tangible-Asset of 10.26% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Waste Management and its competitors. This is near median its historical median of 10.15. Over the past decade, Waste Management's Return-on-Tangible-Asset has ranged from 7.48 to 13.40. According to the industry distribution chart, Waste Management ranks #27 out of 248 companies in the Waste Management industry, placing it in the top 10.9%.
Is Waste Management's Return-on-Tangible-Asset too high?
Waste Management's current Return-on-Tangible-Asset of 10.26% is near median its 10-year median of 10.15. Over the past 10 years, this metric has ranged from a low of 7.48 to a high of 13.40. The Waste Management industry median Return-on-Tangible-Asset is 1.89. Waste Management's value of 10.26% is 442.9% above this industry median. Based on the distribution chart, Waste Management ranks #27 out of 248 companies in the Waste Management industry, which is in the top quartile — a strong position 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 Return-on-Tangible-Asset compare to ?
According to the Waste Management industry distribution chart, Waste Management ranks #27 out of 248 companies for Return-on-Tangible-Asset. This places Waste Management in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.89. Waste Management's value of 10.26% is 442.9% above this benchmark. Historically, Waste Management's own Return-on-Tangible-Asset has ranged from 7.48 to 13.40 over the past decade. While the company's 10-year median is 10.15 vs. the industry median of 1.89, Waste Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.89, based on 248 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Management's current Return-on-Tangible-Asset of 10.26% is 442.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Waste Management and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Management's current Return-on-Tangible-Asset is 10.26%, which is near median its own 10-year median of 10.15. 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 Return-on-Tangible-Asset of 10.26%. 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 Return-on-Tangible-Asset is 10.26%, which is near median its 10-year median of 10.15 and 442.9% above the Waste Management industry median of 1.89. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Waste Management (XSWX:WM), the current Return-on-Tangible-Asset is 10.26% 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:
Return-on-Tangible-Asset: 10.26% (near median its 10-year median of 10.15)
GF Value™: CHF192.57 vs. price of CHF180.70 (6.2% below fair value)
Industry Position: 442.9% above the Waste Management median (#27 of 248)
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
Get the complete analysis for XSWX:WM
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