CASELLA WASTE SYSTEMS INC (CWST)

Refuse Systems

Latest Price

$90.34

TTM P/E

1003.78

Normalized P/E

196.39

Div Yield

Book Value

24.85

P/B Ratio

3.64

Valuation metrics

EPS: $0.12

Book value / share: $24.68

Formula: √(22.5 × EPS × BVPS)

Graham Number

$8.16

91% downside

Base FCF: $78M (median of recent 5yr)

Growth: 17%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$34.18

62% downside

EPS: $0.12

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$1.80

98% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.39M	$910.0M	14.77%	+342.8K	2026-06-30
WASATCH ADVISORS LP	3.53M	$342.0M	5.55%	+949.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.45M	$334.0M	5.42%	+95.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.82M	$273.0M	4.44%	+24.1K	2026-06-30
STATE STREET CORP	2.52M	$244.0M	3.96%	+131.0K	2026-06-30
Conestoga Capital Advisors, LLC	2.34M	$226.0M	3.67%	-468.3K	2026-06-30
T. Rowe Price Investment Management, Inc.	2.08M	$201.0M	3.27%	+378.5K	2026-06-30
Capital International Investors	2.05M	$199.0M	3.23%	+101.6K	2026-06-30
Capital Research Global Investors	2.03M	$196.0M	3.19%	-301.5K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.65M	$159.0M	2.59%	+94.0K	2026-06-30