WCNWaste Connections, Inc.
Is the price fair?
The yardsticks disagree: cheap against its own 5-year P/E range (15th percentile) but the cash-flow math implies demanding growth. Treat as fair, not cheap.
Priced for ~13% a year FCF growth. The price demands more than its three-year revenue growth of 8% a year, priced for acceleration.
Cheap vs its own history: P/E 36.8 vs a 47.3 median over 40 quarters (−22% 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 36.8× earnings against 36.8× for the median Waste Management name, cheaper than its own group.
Trailing P/E · Waste Management median 36.8 · cheaper than the typical name in its group
- Price / sales
- 4.32
Price / sales · as of 2026-Q2
- Free cash flow yield
- 2.9%
Free cash flow yield · Waste Management median 3.5%
- Growth the price implies
- +13%
Growth the price implies · The price pays for +13% free cash flow growth a year for a decade; the business has delivered +2.9% a year over the last three.
Details›
- Price / bookas of 2026-Q2
- 5.33
- EV / EBITas of 2026-Q2
- 30.9
- EV / salesas of 2026-Q2
- 5.26
- Industrials median P/E440 names
- 26.5
- Waste Management median P/E8 names
- 36.8
- Free cash flow, trailing twelve months
- $1.23B
- Market capitalisation
- $42.2B
- 3-year revenue growth
- +8.4%
- 3-year free cash flow growth
- +2.9%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $168.61 |
| Its own P/E history, median | $196.11 |
| Its own P/E history, upper quartile | $230.25 |
| 52-week range | $149.02 – $177.77 |
| Today | $152.85 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.