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 $25.20B
Decision snapshot: WCN stock price vs PFG: 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 PFG's multiple
Needs EPS (TTM), PFG P/E.
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) · PFG 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
$25.20B
Tangible equity
$9.02B
Price / tangible book
2.80x
Price / book
2.12x
Return on equity
10.0%
Return on assets
0.3%
Efficiency ratio
—
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.
PRINCIPAL FINANCIAL GROUP, INC · 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
0.33x
Net debt / EBITDA
Leverage against operating earnings
2.98x
-0.30x
Cash and equivalents
Liquid reserves on the balance sheet
$45.97M
$4.43B
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.
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WCN vs LNC
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WCN vs HIG
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WCN vs AMP
$8.89B
$3.95B
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