---
title: Republic Services (RSG) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/rsg
ticker: RSG
as_of: 2026-10-17
sector: Industrials
industry: Waste Management
---
# Republic Services (RSG)

Republic Services (RSG) closed at $231.54 on Oct 16, 2026, overvalued by 27% vs its model value of $181.96 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $231.54 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $181.96 |
| Price vs model | overvalued by 27% vs model |
| Range of that model | $91.18 – $539.47 |
| Market value | $70.9B |
| P/E (fiscal 2025) | 33.8 |
| Net margin (fiscal 2025) | 12.9% |
| Free cash flow (fiscal 2025) | $2.4B |
| Dividend yield (trailing twelve months) | 1.10% |
| Beta | 0.40 |
| Cost of capital (WACC) | 7.02% |
| Business classification | Mature & Stable (Low/slowing growth (~5% recent), Moderate margins (13% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #27 | −0.3% | https://sweetvaluelab.com/lists/near-52-week-highs |
| Insider buying | #1 | $1.4B | https://sweetvaluelab.com/lists/insider-buying |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.10% |
| Dividends per share, last 12 months | $2.55 |
| Dividends / free cash flow (fiscal 2025) | 30.6% |
| Raised | 22+ years in a row |
| Growth over 5 years | 8.0% a year |
| Latest payment | $0.67, ex-date Oct 2, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 30, 2021 | $1.74 |
| To Sep 30, 2022 | $1.88 |
| To Sep 29, 2023 | $2.02 |
| To Oct 2, 2024 | $2.19 |
| To Oct 2, 2025 | $2.37 |
| Trailing twelve months (to Oct 2, 2026) | $2.55 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $181.96 | $91.18 | $539.47 |
| DCF · Perpetuity growth · 10y | cross check | $194.95 | $102.62 | $563.00 |
| DCF · EBITDA exit · 5y | cross check | $229.18 | $152.94 | $319.08 |
| DCF · EBITDA exit · 10y | cross check | $234.94 | $151.24 | $346.93 |
| P/E · peers | cross check | $229.57 | $215.20 | $406.49 |
| P/E · own history | cross check | $233.17 | $221.81 | $252.39 |
| PEG | sanity check | $71.75 | $71.75 | $71.75 |
| EV/EBITDA · peers | cross check | $215.24 | $207.18 | $233.59 |
| EV/Revenue · peers | cross check | $164.47 | $89.43 | $195.26 |
| Earnings power value | cross check | $55.39 | $38.02 | $82.22 |
| Dividend discount | cross check | $67.75 | $42.98 | $132.89 |

## Insider activity (SEC Form 4)

Past 90 days: 40 open-market buys ($807.9M) and 0 open-market sales ($0); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 10, 2026 | CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III | 10% Owner | Open-market buy | 108,147 | $24.0M |
| Sep 10, 2026 | CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III | 10% Owner | Open-market buy | 97,992 | $21.8M |
| Sep 10, 2026 | CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III | 10% Owner | Open-market buy | 47,819 | $10.7M |
| Sep 10, 2026 | CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III | 10% Owner | Open-market buy | 2,042 | $457,624 |
| Sep 11, 2026 | CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III | 10% Owner | Open-market buy | 7,596 | $1.7M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1060391/000106039126000275/rsg-20260630.htm |
| Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1060391/000106039126000273/rsg-20260806.htm |
| Jul 30, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1060391/000106039126000266/rsg-20260728.htm |
| Jun 24, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1060391/000119312526279862/d168156d8k.htm |
| May 11, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1060391/000106039126000215/rsg-20260507.htm |

## About

Republic Services, Inc., along with its subsidiaries, delivers comprehensive environmental services across the United States. The company specializes in the collection and processing of recyclable materials, alongside the gathering, transfer, and responsible disposal of non-hazardous solid waste, in addition to other environmental solutions. Its collection activities encompass curbside pickups, facilitating transport to transfer stations, landfills, or recycling facilities; the provision of waste and recycling containers; and compactor rentals. Beyond collection, Republic Services engages in the processing and sale of commodities such as old corrugated containers, newsprint, aluminum, and glass. The company also operates landfill and transfer services, manages the disposal of non-hazardous solid and liquid industrial waste, and provides on-site logistics and transportation. Serving a bro…

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Source: https://sweetvaluelab.com/stocks/rsg (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.