Start with its own history
At 31.22×, WM is 7.8% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · WMWaste ManagementUpdated Nov 5, 2026
Waste Management, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
31.22×
7.8% abovethe 10-year annual average
Share price238.49
÷Earnings per share7.64
Price and EPS in quote currency. Calculation details
Investors are paying 31.22 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 28.95×
3-year average31.22×3 positive annual observations
5-year average32.25×5 positive annual observations
10-year average28.95×10 positive annual observations
Peer median · TTM31.40×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 32.69× | +10.8% |
| Dec 31, 2024 | 29.50× | -6.3% |
| Dec 31, 2023 | 31.48× | +8.7% |
| Dec 31, 2022 | 28.94× | -25.1% |
| Dec 31, 2021 | 38.63× | +16.0% |
| Dec 31, 2020 | 33.31× | +14.9% |
| Dec 31, 2019 | 29.00× | +46.3% |
| Dec 31, 2018 | 19.82× | +2.0% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 19.44× | -27.1% |
| Dec 31, 2016 | 26.66× | -17.1% |
| Dec 31, 2015 | 32.15× | +75.4% |
| Dec 31, 2014 | 18.33× | -91.4% |
| Dec 31, 2013 | 213.67× | +1014.6% |
| Dec 31, 2012 | 19.17× | +20.1% |
| Dec 31, 2011 | 15.96× | -14.3% |
| Dec 31, 2010 | 18.62× | +11.3% |
| Dec 31, 2009 | 16.74× | +11.6% |
| Dec 31, 2008 | 15.00× | +3.3% |
| Dec 31, 2007 | 14.52× | -15.9% |
| Dec 31, 2006 | 17.26× | +20.0% |
| Dec 31, 2005 | 14.38× | -21.7% |
| Dec 31, 2004 | 18.37× | -33.6% |
| Dec 31, 2003 | 27.66× | +61.7% |
| Dec 31, 2002 | 17.10× | -57.1% |
| Dec 31, 2001 | 39.89× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How WM compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 WM This stockWaste Management, Inc. | 31.22× |
 WCNWaste Connections, Inc. | 43.01× |
 RSGRepublic Services, Inc. | 33.94× |
 CWSTCasella Waste Systems, Inc. | 1060.94× |
 GFLGFL Environmental Inc. | N/M |
 FMOCFFomento de Construcciones y Contratas, S.A. | 23.67× |
 VEOEYVeolia Environnement S.A. | 20.11× |
 CLHClean Harbors, Inc. | 28.85× |
 QRHCQuest Resource Holding Corporation | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does WM’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 31.40×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take WM into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("WM", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 238.49 ÷ EPS 7.64 = 31.22×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
WM P/E ratio: common questions
The essentials behind the numbers.
Waste Management, Inc.'s current P/E is 31.22× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.