P/E ratio for Waste Management (WM)
P/E ratio as of April 2024 (TTM): 37.0
According to Waste Management's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.9824. At the end of 2022 the company had a P/E ratio of 28.9.
P/E ratio history for Waste Management from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 28.9 | -25.22% |
| 2021 | 38.6 | 15.97% |
| 2020 | 33.3 | 15.18% |
| 2019 | 28.9 | 45.61% |
| 2018 | 19.9 | 2.66% |
| 2017 | 19.3 | -27.14% |
| 2016 | 26.6 | -16.4% |
| 2015 | 31.8 | 74.56% |
| 2014 | 18.2 | -91.48% |
| 2013 | 214 | 1014.56% |
| 2012 | 19.2 | 20.15% |
| 2011 | 16.0 | -14.75% |
| 2010 | 18.7 | 11.26% |
| 2009 | 16.8 | 12.68% |
| 2008 | 14.9 | 1.44% |
| 2007 | 14.7 | -14.35% |
| 2006 | 17.2 | 19.45% |
| 2005 | 14.4 | -22.17% |
| 2004 | 18.5 | -33.19% |
| 2003 | 27.7 | 61.73% |
| 2002 | 17.1 | -56.58% |
| 2001 | 39.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Republic Services
RSG | 37.1 | 0.22% | 🇺🇸 USA |
 US Ecology
ECOL | -533 | -1,541.83% | 🇺🇸 USA |
 Stericycle SRCL | -997 | -2,796.96% | 🇺🇸 USA |
 Casella Waste Systems
CWST | 148 | 301.33% | 🇺🇸 USA |
 Waste Connections WCN | 51.4 | 39.12% | 🇺🇸 USA |
 Clean Harbors
CLH | 29.3 | -20.90% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.