WCNWaste Connections, Inc.
Is the price fair?
Neither cheap nor expensive: nothing decisive, though priced for +14% a year vs +8% a year delivered.
Priced for ~14% a year FCF growth. The price demands more than its three-year revenue growth of 8% a year, priced for acceleration.
In its normal range: P/E 41.7 vs a 46.9 median over 41 quarters (−11% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What WCN's price assumes
Waste Connections, Inc. trades at 41.7× earnings against 26.2× for the median Industrials name, more expensive than its own group.
Trailing P/E · Industrials median 26.2 · 1.59× the median: the market pays up for this one
- Price / sales
- 3.90
Price / sales · as of 2026-Q3
- Free cash flow yield
- 2.7%
Free cash flow yield · Waste Management median 3.2%
- Growth the price implies
- +14%
Growth the price implies · The price pays for +14% free cash flow growth a year for a decade; the business has delivered +1.8% a year over the last three.
Details›
- Price / bookas of 2026-Q3
- 4.92
- EV / EBITas of 2026-Q3
- 27.3
- EV / salesas of 2026-Q3
- 4.84
- Industrials median P/E434 names
- 26.2
- Free cash flow, trailing twelve months
- $1.25B
- Market capitalisation250.2 million shares, counted Oct 9, 2026
- $46.7B
- 3-year revenue growth
- +8.2%
- 3-year free cash flow growth
- +1.8%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $181.17 |
| Its own P/E history, median | $209.80 |
| Its own P/E history, upper quartile | $247.60 |
| 52-week range | $149.02 – $186.53 |
| Today | $186.53 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
What is it worth?
Today's price against what its own multiples, its cash flow and your growth assumption say it is worth.
Against its own past
Its multiples now against their own history, and how much of the price move came from earnings rather than the multiple.
Waste Management
Ranks #2 of 5 by RyuScore