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 |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Republic Services
RSG | 28.1 | 0.30% | 🇺🇸 USA |
 US Ecology
ECOL | -533 | -2,000.23% | 🇺🇸 USA |
 Stericycle SRCL | 68.0 | 142.27% | 🇺🇸 USA |
 Casella Waste Systems
CWST | 75.0 | 167.28% | 🇺🇸 USA |
 Waste Connections WCN | 42.2 | 50.51% | 🇺🇸 USA |
 Clean Harbors
CLH | 19.2 | -31.68% | 🇺🇸 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.