Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Waste Connections's operating assets for the quarter that ended in Mar. 2026 was MXN380,019 Mil. Waste Connections's operating liabilities for the quarter that ended in Mar. 2026 was MXN66,758 Mil. Waste Connections's Total Assets for the quarter that ended in Dec. 2025 was MXN380,449 Mil. Therefore, Waste Connections's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.
Waste Connections Scaled Net Operating Assets Related Terms
Waste Connections Scaled Net Operating Assets Historical Data
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The historical data trend for Waste Connections'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.
Waste Connections Scaled Net Operating Assets Chart
MEX:WCNN vs CLH, RSG, GFL: Scaled Net Operating Assets Comparison
For the Waste Management subindustry, Waste Connections'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.
Waste Connections Scaled Net Operating Assets vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Waste Connections's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.82 mean?
Waste Connections (MEX:WCNN) has a Scaled Net Operating Assets of 0.82 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 Waste Connections and its competitors.
Is Waste Connections' Scaled Net Operating Assets too high?
Waste Connections' current Scaled Net Operating Assets is 0.82. Overall, Waste Connections has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' Scaled Net Operating Assets compare to CLH and RSG?
Waste Connections' Scaled Net Operating Assets of 0.82 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 Waste Connections and its competitors. Waste Connections's current Scaled Net Operating Assets is 0.82. 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 (MEX:WCNN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,445.03, compared to a current price of MXN2,800.00 — trading 18.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. Waste Connections' overall GF Score™ is 87/100 with 2 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 Waste Connections (MEX:WCNN), the current Scaled Net Operating Assets is 0.82 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 (MEX:WCNN) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of MXN2,800.00 is trading 18.7% below its estimated GF Value™ of MXN3,445.03.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for MEX:WCNN:
Scaled Net Operating Assets: 0.82
GF Value™: MXN3,445.03 vs. price of MXN2,800.00 (18.7% below fair value)
No single metric tells the full story. See the MEX:WCNN 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.
87GF Score
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