Republic Services, Inc.
N/MPrice / tangible book
Market cap
$68.20B
Tangible equity
-$5.40B
Price / tangible book
N/M
Price / book
5.70x
Return on equity
17.9%
Return on assets
6.2%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: RSG stock price vs ONB: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ONB's multiple
Needs ONB P/E.
Implied fair value · at RSG's multiple
Needs RSG P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple discount
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: RSG FY 2025 (ended Dec 31, 2025) · ONB FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$68.20B
Tangible equity
-$5.40B
Price / tangible book
N/M
Price / book
5.70x
Return on equity
17.9%
Return on assets
6.2%
Efficiency ratio
—
Price / tangible book
Market cap
$10.06B
Tangible equity
$5.59B
Price / tangible book
1.80x
Price / book
1.18x
Return on equity
7.9%
Return on assets
0.9%
Efficiency ratio
39.8%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
REPUBLIC SERVICES, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Old National Bancorp · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.15x
7.47x
Net debt / EBITDA
Leverage against operating earnings
5.08x
27.97x
Cash and equivalents
Liquid reserves on the balance sheet
$76.00M
$1.83B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$13.71B
$63.49B
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