Cleanaway Waste ManagementTSPCF -0.57%85 Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. GuruFocus rates TSPCF with a GF Score™ of 85/100 and a GF Value™ of $2.26 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 225 Waste Management companies, Cleanaway Waste Management ranks better than 99.56% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Cleanaway Waste Management's annualized net income for the quarter that ended in Dec. 2025 was $50 Mil. Cleanaway Waste Management's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $-158 Mil. Therefore, Cleanaway Waste Management's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Cleanaway Waste Management's Return-on-Tangible-Equity or its related term are showing as below:
TSPCF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.69 Med: 45.02 Max: 54.98
Current: Negative Tangible Equity
During the past 13 years, Cleanaway Waste Management's highest Return-on-Tangible-Equity was 54.98%. The lowest was 21.69%. And the median was 45.02%.
TSPCF's Return-on-Tangible-Equity is ranked better than 99.56% of 225
companies
in the Waste Management industry
Industry Median: 9.1
vs TSPCF: Negative Tangible Equity
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Cleanaway Waste Management Return-on-Tangible-Equity Related Terms
Cleanaway Waste Management Return-on-Tangible-Equity Historical Data
* 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.
TSPCF vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Cleanaway Waste Management's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Cleanaway Waste Management Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Waste Management's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cleanaway Waste Management's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Cleanaway Waste Management (TSPCF) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cleanaway Waste Management and its competitors. Over the past decade, Cleanaway Waste Management's Return-on-Tangible-Equity has ranged from 21.69 to 54.98. According to the industry distribution chart, Cleanaway Waste Management ranks #1 out of 225 companies in the Waste Management industry, placing it in the top 0.40000000000001%.
Is Cleanaway Waste Management's Return-on-Tangible-Equity too high?
Cleanaway Waste Management's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 21.69 to a high of 54.98. Based on the distribution chart, Cleanaway Waste Management ranks #1 out of 225 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Cleanaway Waste Management has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Waste Management's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Waste Management ranks #1 out of 225 companies for Return-on-Tangible-Equity. This places Cleanaway Waste Management in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.10. Historically, Cleanaway Waste Management's own Return-on-Tangible-Equity has ranged from 21.69 to 54.98 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 Return-on-Tangible-Equity for a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.10, based on 225 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cleanaway Waste Management and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Waste Management's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Waste Management (TSPCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.26, compared to a current price of $1.75 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Cleanaway Waste Management's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Cleanaway Waste Management (TSPCF), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. 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 Cleanaway Waste Management (TSPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Waste Management stock appears to be undervalued.
The current stock price of $1.75 is trading 22.6% below its estimated GF Value™ of $2.26.
GuruFocus considers Cleanaway Waste Management to be Modestly Undervalued.
No single metric tells the full story. See the TSPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Waste Management is Australia's largest waste management business with a national footprint in the collection and disposal of waste. It is active in municipal and commercial and industrial waste stream segments and in nonhazardous and hazardous liquid and medical waste. While Cleanaway is allocating greater capital to waste processing and treatment, earnings remain skewed toward waste collection. The company is particularly strong in commercial, industrial, and municipal waste collection with strong market share in all large Australian metro waste collection markets.
85GF Score
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