Waste ConnectionsFRA:UI51 -0.24%81 ROE % is 10.83% as of Mar. 2026, which is 23% above its 10-year median of 8.77. GuruFocus rates FRA:UI51 with a GF Score™ of 81/100 and a GF Value™ of €164.60 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 234 Waste Management companies, Waste Connections ranks better than 79.06% on this metric.
The historical rank and industry rank for Waste Connections's ROE % or its related term are showing as below:
FRA:UI51'
s ROE % Range Over the Past 10 Years
Min: 2.97 Med: 8.77 Max: 13.37
Current: 12.93
During the past 13 years, Waste Connections's highest ROE % was 13.37%. The lowest was 2.97%. And the median was 8.77%.
FRA:UI51's ROE % is ranked better than 79.06% of 234
companies
in the Waste Management industry
Industry Median: 4.675
vs FRA:UI51: 12.93
Waste Connections (FRA:UI51) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Waste Connections ROE % Related Terms
Waste Connections ROE % Historical Data
* Premium members only.
The historical data trend for Waste Connections's ROE % 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 Connections's ROE %, along with its competitors' market caps and ROE % 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 Connections ROE % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's ROE % distribution charts can be found below:
* The bar in red indicates where Waste Connections's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Waste Connections (FRA:UI51) has a ROE % of 10.83% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Waste Connections and its competitors. This is 23% above median its historical median of 8.77. Over the past decade, Waste Connections' ROE % has ranged from 2.97 to 13.37. According to the industry distribution chart, Waste Connections ranks #49 out of 234 companies in the Waste Management industry, placing it in the top 20.9%.
Is Waste Connections' ROE % too high?
Waste Connections' current ROE % of 10.83% is 23% above median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 13.37. The Waste Management industry median ROE % is 4.68. Waste Connections' value of 10.83% is 131.7% above this industry median. Based on the distribution chart, Waste Connections ranks #49 out of 234 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Waste Connections has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' ROE % compare to CLH and RSG?
According to the Waste Management industry distribution chart, Waste Connections ranks #49 out of 234 companies for ROE %. This places Waste Connections in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 4.68. Waste Connections' value of 10.83% is 131.7% above this benchmark. Historically, Waste Connections' own ROE % has ranged from 2.97 to 13.37 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 4.68, Waste Connections 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 ROE % for a Waste Management company?
The median ROE % among Waste Management companies is 4.68, based on 234 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current ROE % of 10.83% is 131.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current ROE % is 10.83%, which is 23% above median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Connections stock overvalued right now?
Based on GuruFocus' analysis, Waste Connections (FRA:UI51) is currently considered Modestly Undervalued. The stock's GF Value™ is €164.60, compared to a current price of €139.66 — trading 15.2% below its estimated fair value. The current ROE % is 10.83%, which is 23% above median its 10-year median of 8.77 and 131.7% above the Waste Management industry median of 4.68. Waste Connections' overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Waste Connections (FRA:UI51), the current ROE % is 10.83% 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 Connections (FRA:UI51) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of €139.66 is trading 15.2% below its estimated GF Value™ of €164.60.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for FRA:UI51:
ROE %: 10.83% (23% above median its 10-year median of 8.77)
GF Value™: €164.60 vs. price of €139.66 (15.2% below fair value)
Industry Position: 131.7% above the Waste Management median (#49 of 234)
No single metric tells the full story. See the FRA:UI51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth.
81GF Score
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