Refuse Systems stocks: intrinsic value, ROIC & growth
10 U.S. refuse systems companies with at least three years of SEC filings, ranked by size. 2 of the 7 with a current price trade below their Graham intrinsic value. The median company earned a 6.0% average return on invested capital and grew revenue 8.3% a year.
Updated October 18, 2026
10companies
2below Graham value
6.0%median 10-yr ROIC
8.3%median revenue CAGR
Highest-ROIC refuse systems stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| WM | Waste Management | 12.5% | $226.86 | $141.62 | 60% above | $91.7B | 12.5% | 7.1% |
| RSG | Republic Services | 9.4% | $231.54 | $227.53 | 2% above | $72.3B | 9.4% | 6.5% |
| WCN | Waste Connections, Inc. | 6.1% | $167.90 | $111.38 | 51% above | $43.3B | 6.1% | 12.1% |
| NVRI | ENVIRI Corp | 6.0% | $19.43 | $98.16 | 80% below | $1.6B | 6.0% | 4.9% |
| CWST | CASELLA WASTE SYSTEMS INC | 5.5% | $88.00 | $0.23 | 38161% above | $5.6B | 5.5% | 14.0% |
All refuse systems stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| WM | Waste Management | $226.86 | $141.62 | 60% above | $91.7B | 12.5% | 7.1% |
| RSG | Republic Services | $231.54 | $227.53 | 2% above | $72.3B | 9.4% | 6.5% |
| WCN | Waste Connections, Inc. | $167.90 | $111.38 | 51% above | $43.3B | 6.1% | 12.1% |
| CWST | CASELLA WASTE SYSTEMS INC | $88.00 | $0.23 | 38161% above | $5.6B | 5.5% | 14.0% |
| NVRI | ENVIRI Corp | $19.43 | $98.16 | 80% below | $1.6B | 6.0% | 4.9% |
| QRHC | Quest Resource Holding Corp | $1.14 | $1.07 | 7% above | $23.9M | -0.0% | 3.5% |
| AWX | AVALON HOLDINGS CORP | $2.50 | $6.68 | 63% below | $1.6M | 0.2% | 3.5% |
| SNRG | SusGlobal Energy Corp. | $0.01 | — | — | $1.4M | 66.7% | 8.3% |
| VIVK | Vivakor, Inc. | $1.48 | — | — | $536.7K | -48.9% | 135.0% |
| RENX | RenX Enterprises Corp. | $1.72 | — | — | $401.1K | -50.5% | 3860.7% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue