Waste Connections, Inc.
—Price / book
Market cap
—
Tangible equity
-$2.15B
Price / tangible book
—
Price / book
—
Return on equity
13.1%
Return on assets
5.1%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $34.64B
Decision snapshot: WCN stock price vs MTB: 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 MTB's multiple
Needs EPS (TTM).
Implied fair value · at WCN's multiple
Needs WCN P/E.
Metric by metric
Snapshot Sep 4, 4:00 PM ET
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: WCN FY 2025 (ended Dec 31, 2025) · MTB 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 / book
Market cap
—
Tangible equity
-$2.15B
Price / tangible book
—
Price / book
—
Return on equity
13.1%
Return on assets
5.1%
Efficiency ratio
—
Price / tangible book
Market cap
$34.64B
Tangible equity
$20.65B
Price / tangible book
1.68x
Price / book
1.19x
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
41.5%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Waste Connections, Inc. · implied price per share
The ordinary-share to listed-security ratio could not be verified.
M&T BANK CORPORATION · 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
1.08x
0.45x
Net debt / EBITDA
Leverage against operating earnings
2.98x
—
Cash and equivalents
Liquid reserves on the balance sheet
$45.97M
—
Total debt
Interest-bearing obligations outstanding
$8.89B
$13.06B
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.
WASTE MANAGEMENT INC
WCN vs WM
REPUBLIC SERVICES, INC.
WCN vs RSG
CLEAN HARBORS INC
WCN vs CLH
CASELLA WASTE SYSTEMS INC
WCN vs CWST
JPMorgan Chase & Co.
WCN vs JPM
Bank of America Corporation
WCN vs BAC
Wells Fargo & Company
WCN vs WFC
Citigroup Inc.
WCN vs C
PNC FINANCIAL SERVICES GROUP, INC.
WCN vs PNC
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.