Enviri Corp (NVRI) is overvalued and Waste Management Inc (WM) is overvalued.
Both trade above our estimate of their intrinsic value. WM is the closer of the two: -28%, against -74% for NVRI.
Values as of the 19 Oct 2026 close.
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
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $177.24; the price of $226.41 is 28% above that value, and 82% of that value comes from beyond year five.
Leak Score 46/100 on 12 of 12 signals
| Metric | NVRI | WM |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $19.38 | $226.41 |
| Intrinsic value | $11.15 | $177.24 |
| Margin of safety | -74% | -28% |
| Leak Score | 15/100 (8/12) | 46/100 (12/12) |
| Market cap | $546M | $90.5B |
| Revenue growth, 5 years | — | 10.6% |
| Operating margin | -18.9% | 18.5% |
| Net margin | -29.5% | 11.1% |
| Return on equity | -81.2% | 29.8% |
| Debt to equity | 0.66 | 2.35 |
| P/E | — | 32.0x |
| Forward P/E | — | 25.1x |
| P/B | 0.8x | 9.1x |
| Dividend yield | — | 1.7% |