Waste Management
WM
#229
Rank
$62.07 B
Marketcap
$152.09
Share price
-1.57%
Change (1 day)
-1.77%
Change (1 year)

P/E ratio for Waste Management (WM)

P/E ratio as of March 2023 (TTM): 28.1

According to Waste Management's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.0609. At the end of 2021 the company had a P/E ratio of 38.6.

P/E ratio history for Waste Management from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202138.615.97%
202033.315.18%
201928.945.61%
201819.92.66%
201719.3-27.14%
201626.6-16.4%
201531.874.56%
201418.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
28.1 0.30%๐Ÿ‡บ๐Ÿ‡ธ USA
-533-2,000.23%๐Ÿ‡บ๐Ÿ‡ธ USA
68.0 142.27%๐Ÿ‡บ๐Ÿ‡ธ USA
75.0 167.28%๐Ÿ‡บ๐Ÿ‡ธ USA
42.2 50.51%๐Ÿ‡บ๐Ÿ‡ธ USA
19.2-31.68%๐Ÿ‡บ๐Ÿ‡ธ 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.