Republic Services (HAM:RPU) Scaled Net Operating Assets: 0.76 (As of Mar. 2026)


HAM:RPU Republic Services Inc HAM:RPU
80 GF Score
Price €188.90
GF Value €193.67
Valuation Fairly Valued
! 3 Warning Signs
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What is Republic Services Scaled Net Operating Assets?

Republic Services HAM:RPU +0.48% 80 Scaled Net Operating Assets is 0.76 as of Mar. 2026. GuruFocus rates HAM:RPU with a GF Score™ of 80/100 and a GF Value™ of €193.67 (Fairly Valued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Republic Services's operating assets for the quarter that ended in Mar. 2026 was €29,827 Mil. Republic Services's operating liabilities for the quarter that ended in Mar. 2026 was €7,380 Mil. Republic Services's Total Assets for the quarter that ended in Dec. 2025 was €29,349 Mil. Therefore, Republic Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.76.


Republic Services Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Republic Services's Scaled Net Operating Assets 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.

Republic Services Scaled Net Operating Assets Chart

Republic Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.92 0.79 0.81 0.71

Republic Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.71 0.74 0.76 0.77

HAM:RPU vs WCN, WM, CLH: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Republic Services's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Republic Services Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Republic Services's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Republic Services's Scaled Net Operating Assets falls into.


HAM:RPU
80GF Score
Republic Services Inc HAM:RPU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Republic Services Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Republic Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(29283.66-7336.714)/30943.91
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29348.564 - 64.904
=29283.66

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19127.038 - 11240.348 - 549.976
=7336.714

Republic Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(29826.93-7380.18)/29348.564
=0.76

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29929 - 102.07
=29826.93

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19565.435 - 11669.715 - 515.54
=7380.18

* 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.

What does a Scaled Net Operating Assets of 0.76 mean?
Republic Services (HAM:RPU) has a Scaled Net Operating Assets of 0.76 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Republic Services and its competitors.
Is Republic Services' Scaled Net Operating Assets too high?
Republic Services' current Scaled Net Operating Assets is 0.76. Overall, Republic Services has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Republic Services' Scaled Net Operating Assets compare to WCN and WM?
Republic Services' Scaled Net Operating Assets of 0.76 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Republic Services and its competitors. Republic Services's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Republic Services stock overvalued right now?
Based on GuruFocus' analysis, Republic Services (HAM:RPU) is currently considered Fairly Valued. The stock's GF Value™ is €193.67, compared to a current price of €188.90 — trading 2.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. Republic Services' overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Republic Services (HAM:RPU), the current Scaled Net Operating Assets is 0.76 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 Republic Services (HAM:RPU) Overvalued in 2026?

Based on GuruFocus' analysis, Republic Services stock appears to be undervalued. The current stock price of €188.90 is trading 2.5% below its estimated GF Value™ of €193.67. GuruFocus considers Republic Services to be Fairly Valued.

Key valuation signals for HAM:RPU:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: €193.67 vs. price of €188.90 (2.5% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the HAM:RPU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Republic Services Business Description

Address 5353 East City North Drive, Phoenix, AZ, USA, 85054
Republic Services Group is the second-largest waste management company by revenue and provides integrated waste management services to residential, commercial, and industrial customers. With 208 active landfills, 248 transfer stations, and 75 recycling centers, Republic Services has reached $16 billion in annual revenue, focusing on recycling and environmental solutions. The company reports in three segments based on the Western United States (Group 1), Eastern United States (Group 2), and Environmental Solutions across North America (Group 3). Eighty-nine percent of total revenue comes from recycling and waste, with the remaining 11% from Environmental Solutions.
80GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€188.90
Price
€193.67
GF Value