WM

Waste Management, Inc.

Industrials · $81.7B market cap

Verdict

Share price

$204.45

close of Oct 3, 2026

Fair value

$260.14

Sticker Price

Payback Price

$104.06

buy price

Undervalued

WM is Undervalued: at $204.45 it trades 21% below its fair value of $260.14. Its buy price (Payback Price) is $104.06, 49% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.3% a year✗
Equity per share growth3.0% a year✗
Sales growth2.8% a year✗
Free cash flow growth4.4% a year✗
Return on invested capital9.0%✗

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Superinvestors

3 of the investors we track hold WM. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Mairs & Power Funds

Insider activity

Since Aug 7, 2026: no open-market purchases, 1 sale worth $300K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Waste Management, Inc.

Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that includes residential, commercial, industrial, and municipal customers. The company's core operations involve comprehensive collection services, which include gathering and transporting both waste materials and recyclables from their initial point of generation to…

Waste Management

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works