Casella Waste Systems Inc (CWST) is overvalued and Enviri Corp (NVRI) is overvalued.
Both trade above our estimate of their intrinsic value. NVRI is the closer of the two: -74%, against -121% for CWST.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $39.08; the price of $86.54 is 121% above that value, and 79% of that value comes from beyond year five.
Leak Score 32/100 on 11 of 12 signals
Discounting its cash flows at 6.9% values the shares at $11.15; the price of $19.38 is 74% above that value, and 84% of that value comes from beyond year five.
Leak Score 15/100 on 8 of 12 signals
| Metric | CWST | NVRI |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $86.54 | $19.38 |
| Intrinsic value | $39.08 | $11.15 |
| Margin of safety | -121% | -74% |
| Leak Score | 32/100 (11/12) | 15/100 (8/12) |
| Market cap | $5.5B | $546M |
| Revenue growth, 5 years | 18.9% | — |
| Operating margin | 4.8% | -18.9% |
| Net margin | 0.3% | -29.5% |
| Return on equity | 0.4% | -81.2% |
| Debt to equity | 0.91 | 0.66 |
| P/E | 966.9x | — |
| Forward P/E | 54.7x | — |
| P/B | 3.5x | 0.8x |