Waste Management Inc
N/MPrice / tangible book
Market cap
$87.53B
Tangible equity
-$7.66B
Price / tangible book
N/M
Price / book
8.76x
Return on equity
27.1%
Return on assets
5.9%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: WM stock price at premium vs ZION $218.99 current versus $77.33 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ZION's multiple
Implied fair value · at WM's multiple
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: WM FY 2025 (ended Dec 31, 2025) · ZION 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
$87.53B
Tangible equity
-$7.66B
Price / tangible book
N/M
Price / book
8.76x
Return on equity
27.1%
Return on assets
5.9%
Efficiency ratio
—
Price / tangible book
Market cap
$10.12B
Tangible equity
$6.09B
Price / tangible book
1.66x
Price / book
1.41x
Return on equity
12.5%
Return on assets
1.0%
Efficiency ratio
43.3%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
WASTE MANAGEMENT INC · implied price per share
Bear
$28.10
Base
$44.57
Bull
$66.79
ZIONS BANCORPORATION, NATIONAL ASSOCIATION · 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.
Debt / equity
Total debt against shareholders' equity
2.29x
0.64x
Net debt / EBITDA
Leverage against operating earnings
4.76x
—
Cash and equivalents
Liquid reserves on the balance sheet
$201.00M
—
Total debt
Interest-bearing obligations outstanding
$22.91B
$4.58B
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.
REPUBLIC SERVICES, INC.
WM vs RSG
Waste Connections, Inc.
WM vs WCN
GFL Environmental Inc.
WM vs GFL
CASELLA WASTE SYSTEMS INC
WM vs CWST
Wells Fargo & Company
WM vs WFC
JPMorgan Chase & Co.
WM vs JPM
Citizens Financial Group, Inc.
WM vs CFG
Huntington Bancshares Incorporated
WM vs HBAN
KeyCorp
WM vs KEY
Comerica Incorporated
WM vs CMA
First Citizens BancShares, Inc.
WM vs FCNCA
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.