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Republic Services Inc (RSG) Fair Value & Analysis

Industrials · US · Market cap $67.3B · ISIN US7607591002

What is Republic Services Inc really worth?

RS Republic Services Inc logo Republic Services Inc RSG · US
Price$225.12
Fair Value$120.63
Upside−46.4%
Quality62/100

A solid business, but trading 87% above our fair value of $120.63.

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Strengths

Healthy Growth (revenue 5y +10.3 %/yr)
Solidly profitable · 13.0% net margin
Moderate debt · generates free cash flow
Wide moat 66/100

Risks

!Trails peers (5/15)
!Weak on future: 13 out of 100
!Weak on dividend: 22 out of 100

For context

·1.09% dividend yield
Evidence: High Range $56.77 – $182.50

Fair value as of: Sep 2, 2026

From 26 valuation models · updated 2 days ago

Share price +8.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($182.50). The favourable scenario is already priced in.
  • The model range is unusually wide ($56.77 to $182.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$254.52 $99.63 Fair Value $120.63 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range $99.63 – $254.52 · fair‑value band $56.77 – $182.50 · the $225.12 price screens above the $120.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.

Full chart & analysis →

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Analysis

Republic Services Inc (RSG) currently trades at $225.12, while our model-based Fair Value estimate is $120.63, implying the stock looks roughly 86.6% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $131.93 per share, and 0 of the 26 models we run sit above the $225.12 price. Bear case: the Asset-Based group reads lowest at $26.06, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Republic Services Inc generated revenue of $16.7B at a net margin of 13.0%. Revenue grew 2.6% year over year. It earns a return on equity of 18.4%. Net debt stands at $520M. Fundamentals as of Sep 2, 2026

Our scenario range runs from $56.77 (bear case) to $182.50 (bull case); at $225.12, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −46%, RSG screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $3.03 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $48.28 $101.09 $182.96 76
Growth DCF $49.58 $95.83 $162.88 76
EPV $46.79 $61.58 $74.52 74
All 26 models by family
DCF Models
FCF DCF $48.28 $101.09 $182.96 76
Owner Earnings $39.71 $87.49 $161.58 72
5Y Revenue Exit $31.79 $73.80 $127.26 69
5Y EBITDA Exit $86.56 $177.49 $284.88 73
5Y P/E Exit $53.27 $114.46 $179.20 68
10Y Revenue Exit $34.77 $74.79 $128.54 64
10Y EBITDA Exit $71.95 $147.25 $250.18 66
10Y P/E Exit $50.63 $103.21 $168.63 62
Earnings-Based
Graham-Dodd $47.28 $155.67 $208.17 64
Lynch FV $35.04 $50.06 $65.07 61
PEG = 1.0 $35.04 $50.06 $65.07 57
EPV $46.79 $61.58 $74.52 74
Dividend Discount
Gordon GGM $22.02 $45.79 $72.65 66
DDM Multi-Stage $22.02 $37.37 $48.06 66
Multiples
P/E Multiple $109.50 $146.00 $182.50 63
P/S Multiple $80.89 $107.85 $134.81 58
P/B Multiple $88.64 $118.19 $147.74 55
EV/EBIT $95.71 $141.60 $187.49 65
EV/EBITDA $124.42 $179.87 $235.33 67
EV/Revenue $25.99 $55.11 $84.23 51
Asset-Based
NCAV (Graham) $19.45 $26.06 $38.90 54
Growth DCF
Growth DCF $49.58 $95.83 $162.88 76
Rev-Margin DCF $31.79 $74.10 $123.63 70
Economic Profit
Residual Income $45.38 $59.18 $189.95 64
ROIC Compounder $49.06 $74.34 $106.90 70
Growth Earnings
Growth-Adj P/E $92.35 $131.93 $171.51 67

Widest divergence: Growth Earnings ($131.93) versus Asset-Based ($26.06). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 32.3
P/S ratio 4.17 P/E × margin
EPS (TTM) $6.96 price ÷ EPS = P/E 32.3
Dividend yield 1.1% payout 35.3%
Net margin 12.9% FY2025
Return on equity 18.4% TTM
More key figures
Profitability
Return on assets (EBIT) 9.1% avg 5y
Operating margin 20.2% TTM
Growth
Revenue (TTM) $16.7B TTM
Revenue growth (YoY) +2.6% 3y avg +7.1%
EPS growth (YoY) +7.5%
Balance sheet & cash flow
Free cash flow $2.4B FY2025
Net debt $520M FY2025 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 58

Profitability 47
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 89
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.

Full company description

Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions. Its residential collection services include curbside collection of material for transport to transfer stations, landfills, recycling centers, and organics processing facilities; supply of recycling and waste containers; and renting of compactors. The company also engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill services. It serves small-container, large-container, and residential customers. The company was incorporated in 1996 and is based in Phoenix, Arizona.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Republic Services Inc reported revenue of $16.6B in FY2025 versus $11.3B in FY2021, a compound +10.1%/yr. Reported net income was $2.1B in FY2025, compounding +13.5%/yr from FY2021.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$16.6B
Latest YoY
+3.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.3%
Avg. revenue growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+16.6% (15.5 + 1.1)
Revenue +10.1%/yr
FY21 $11.3B
FY22 $13.5B
FY23 $15.0B
FY24 $16.0B
FY25 $16.6B
Net income +13.5%/yr
FY21 $1.3B
FY22 $1.5B
FY23 $1.7B
FY24 $2.0B
FY25 $2.1B
Character of growth · EPS growth decomposed (2014-2025) +14.8 % p.a.
Revenue per share +7.7 %

of which total revenue +6.4 % · buybacks/dilution +1.2 %

EBIT margin +2.2 %
Tax rate +3.0 %
Residual (interest, one-offs) +1.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

RSG screens 87% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Republic Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/RSG

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Waste Management · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside −46% · Below median
Return on equity (TTM) 18% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 20% · Above median
Revenue growth 3% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 1.09× · Higher than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 32.3× · Pricier than median
P/B 5.62× · Pricier than 75% of peers
P/S (TTM) 4.03× · Pricier than 75% of peers
P/FCF 27.9× · Pricier than 75% of peers
EV/EBITDA 15.4× · Pricier than 75% of peers
PEG 3.19× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 2
FUTURE13 · sector 19
PAST73 · sector 26
HEALTH46 · sector 82
DIVIDEND22 · sector 45

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $217.76 $128.02 −41%
Waste Connections, Inc WCN C$230.52 C$78.67 −66%
Veolia Environnement SA VIE €32.60 €23.26 −29%
Clean Harbors, Inc CLH $311.81 $154.01 −51%
GFL Environmental Inc GFL C$57.62 C$44.27 −23%
Fomento de Construcciones y Contratas, S.A FCC €11.30 €7.30 −35%
GEM Co 002340 ¥6.67 ¥5.27 −21%
Zhejiang Weiming Environment Protection Co 603568 ¥14.86 ¥20.95 +41%
Cleanaway Waste Management Limited CWY A$2.60 A$1.18 −55%
Beijing GeoEnviron Engineering & Technology, Inc 603588 ¥14.10 ¥9.35 −34%

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Frequently asked questions

Is Republic Services Inc (RSG) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of $120.63 versus a price of $225.12, about −46% upside (overvalued).
What is the fair value of RSG?
Our model-based fair value for Republic Services Inc is $120.63 (as of Sep 2, 2026), built from audited fundamentals. The current price: $225.12.
What is the quality score of RSG?
Republic Services Inc has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Republic Services Inc (RSG)?
Republic Services Inc reported trailing-twelve-month revenue of about $16.7B (latest available figure, as of Sep 2, 2026).
What is the net profit margin of RSG?
The net profit margin of Republic Services Inc is about 13.0%, meaning it keeps roughly 13.0% of revenue as net income. Based on the latest reported figures.
Does Republic Services Inc pay a dividend?
Republic Services Inc currently shows a dividend yield of about 1.09% relative to its recent price (as of Sep 2, 2026).
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