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Secure Waste InfrastructureTSX:SES -0.94%44 Return-on-Tangible-Equity is 30.53% as of Mar. 2026, which is 2161% above its 10-year median of 1.35. GuruFocus rates TSX:SES with a GF Score™ of 44/100. The stock has 7 warning signs investors should review. Among 225 Waste Management companies, Secure Waste Infrastructure ranks better than 79.56% 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. Secure Waste Infrastructure's annualized net income for the quarter that ended in Mar. 2026 was C$140.00 Mil. Secure Waste Infrastructure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$458.50 Mil. Therefore, Secure Waste Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 30.53%.
The historical rank and industry rank for Secure Waste Infrastructure's Return-on-Tangible-Equity or its related term are showing as below:
TSX:SES'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.87 Med: 1.35 Max: 69.7
Current: 24.21
During the past 13 years, Secure Waste Infrastructure's highest Return-on-Tangible-Equity was 69.70%. The lowest was -32.87%. And the median was 1.35%.
TSX:SES's Return-on-Tangible-Equity is ranked better than 79.56% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs TSX:SES: 24.21
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.
Secure Waste Infrastructure Return-on-Tangible-Equity Related Terms
Secure Waste Infrastructure 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.
TSX:SES vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Secure Waste Infrastructure'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.
Secure Waste Infrastructure Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Secure Waste Infrastructure'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 30.53% mean?
Secure Waste Infrastructure (TSX:SES) has a Return-on-Tangible-Equity of 30.53% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Secure Waste Infrastructure and its competitors. This is 2161% above median its historical median of 1.35. According to the industry distribution chart, Secure Waste Infrastructure ranks #46 out of 225 companies in the Waste Management industry, placing it in the top 20.4%.
Is Secure Waste Infrastructure's Return-on-Tangible-Equity too high?
Secure Waste Infrastructure's current Return-on-Tangible-Equity of 30.53% is 2161% above median its 10-year median of 1.35. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Secure Waste Infrastructure's value of 30.53% is 215.7% above this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #46 out of 225 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Secure Waste Infrastructure has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #46 out of 225 companies for Return-on-Tangible-Equity. This places Secure Waste Infrastructure in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.67. Secure Waste Infrastructure's value of 30.53% is 215.7% above this benchmark. While the company's 10-year median is 1.35 vs. the industry median of 9.67, Secure Waste Infrastructure 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-Equity for a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, 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. Secure Waste Infrastructure's current Return-on-Tangible-Equity of 30.53% is 215.7% 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-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 Secure Waste Infrastructure and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Return-on-Tangible-Equity is 30.53%, which is 2161% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current Return-on-Tangible-Equity of 30.53%. The current Return-on-Tangible-Equity is 30.53%, which is 2161% above median its 10-year median of 1.35 and 215.7% above the Waste Management industry median of 9.67. Secure Waste Infrastructure's overall GF Score™ is 44/100 with 7 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 Secure Waste Infrastructure (TSX:SES), the current Return-on-Tangible-Equity is 30.53% 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.
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
44GF Score
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