Waste Connections, Inc. (WCN) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial wast...
Waste Connections, Inc. (WCN) currently trades at a P/E ratio of 39.83 (historical range: 35.82–82.30, median: 51.88), placing it at the 8th percentile — cheap relative to its history, P/S ratio of 4.33 (range: 3.89–6.17, 9th percentile — cheap relative to its history), EV/EBITDA of 28.61 (range: 26.27–55.04, 5th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Waste Connections, Inc.'s P/E ratio has expanded by 19% over the observed period (from an average of 48.6 to 57.7).
Waste Connections, Inc. trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 39.83 | 51.88 | 8th | cheap relative to its history |
| P/S Ratio | 4.33 | 5.10 | 9th | cheap relative to its history |
| EV/EBITDA | 28.61 | 37.06 | 5th | cheap relative to its history |
| FCF Yield | 2.92% | 2.81% | 64th | below its historical average |
Waste Connections, Inc. (WCN) Valuation & P/E History
Waste Connections, Inc. (WCN) is a US-listed stock operating in the Industrials sector, specifically the Refuse Systems industry currently trading at $167.90 with a market capitalization of $42.2 billion. This page provides historical valuation analysis for WCN based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 39.83 is below the historical median of 51.88, placing WCN at the 8th percentile of its valuation range. The P/S ratio of 4.33 compares to a median of 5.10.
WCN Valuation Metrics & Historical Range
The valuation table above shows Waste Connections, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether WCN is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests WCN is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Waste Connections, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is WCN Overvalued or Undervalued?
Waste Connections, Inc. trades well below its historical valuation range across most metrics. The overall valuation percentile of 7 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive WCN is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full WCN analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.WCN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.