The current WM stock price chart indicates consolidating movement after recent rallies, with support at $206. The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$76b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$219, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Looking at valuation, Waste Management is presently trading at a Forward P/E ratio of 31.69. This denotes a premium relative to the industry's average Forward P/E of 27.48. WM stock price closed at $209.45 today, marking a 1.3% uptick from yesterday’s session as investors responded to strong waste management sector earnings. Analysts see short-term resistance near the $212 mark, with support holding at $205 based on recent volume patterns.