Waste Connections (FRA:UI51) Tax Rate %: 22.65% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:UI51 Waste Connections Inc FRA:UI51
82 GF Score
Price €151.28
GF Value €173.38
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Waste Connections Tax Rate %?

Waste Connections FRA:UI51 +0.15% 82 Tax Rate % is 22.65% as of Mar. 2026. GuruFocus rates FRA:UI51 with a GF Score™ of 82/100 and a GF Value™ of €173.38 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Waste Connections's Tax Expense for the three months ended in Mar. 2026 was €56 Mil. Waste Connections's Pre-Tax Income for the three months ended in Mar. 2026 was €245 Mil. Therefore, Waste Connections's Tax Rate % for the quarter that ended in Mar. 2026 was 22.65%.

Waste Connections Tax Rate % Related Terms

Waste Connections Tax Rate % Historical Data

* Premium members only.

The historical data trend for Waste Connections's Tax Rate % 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 Tax Rate % Chart

Waste Connections Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.75 20.30 22.44 19.18 24.07

Waste Connections Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 22.83 25.41 23.62 24.20 22.65
FRA:UI51
82GF Score
Waste Connections Inc FRA:UI51
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waste Connections Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Waste Connections's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=291.521/1210.9
=24.07 %

Waste Connections's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=55.546/245.279
=22.65 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 22.65% mean?
Waste Connections (FRA:UI51) has a Tax Rate % of 22.65% as of Mar. 2026.
Is Waste Connections' Tax Rate % too high?
Waste Connections' current Tax Rate % is 22.65%. Overall, Waste Connections has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' Tax Rate % compare to RSG and CLH?
Waste Connections' Tax Rate % of 22.65% 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 Tax Rate % for a Waste Management company?
A good Tax Rate % depends on the Waste Management industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Waste Connections's current Tax Rate % is 22.65%. 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 €173.38, compared to a current price of €151.28 — trading 12.7% below its estimated fair value. The current Tax Rate % is 22.65%. Waste Connections' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Waste Connections (FRA:UI51), the current Tax Rate % is 22.65% 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 €151.28 is trading 12.7% below its estimated GF Value™ of €173.38. GuruFocus considers Waste Connections to be Modestly Undervalued.

Key valuation signals for FRA:UI51:

  • Tax Rate %: 22.65%
  • GF Value™: €173.38 vs. price of €151.28 (12.7% below fair value)
  • GF Score™: 82/100 with 1 warning sign

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 Business Description

Address 6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
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.
82GF Score

Get the complete analysis for FRA:UI51

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€151.28
Price
€173.38
GF Value