Advanced Drainage Systems, Inc. (WMS)
Industrials · NYQ
Price as at 1 Oct 2026, 03:56 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Advanced Drainage Systems, Inc. trades at $126.71, which is 52% above the $60.42 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 62 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 27.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
WMS dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.580 | 3 |
| 2025 | $0.700 | 4 |
| 2024 | $0.620 | 4 |
| 2023 | $0.540 | 4 |
| 2022 | $0.470 | 4 |
| 2021 | $0.420 | 4 |
| 2020 | $0.360 | 4 |
| 2019 | $1.35 | 4 |
| 2018 | $0.310 | 4 |
| 2017 | $0.270 | 4 |
| 2016 | $0.230 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
WMS earnings and analyst estimates
Recommendation mix, 10 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Advanced Drainage Systems, Inc.
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. The company operates through Stormwater and Wastewater segments. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater; septic tanks and accessories; combined treatment and dispersal systems, including AeroFin, advanced enviro-septic, enviro-septic, and advanced treatment leachfield; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. It also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. In addition, the company provides PVC hubs, rubber sleeves, and stainless-steel bands; and channel drains, catch basins, grates, access boxes, and accessories engineered to capture, convey, and disperse stormwater. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers. Advanced Drainage Systems, Inc. was incorporated in 1966 and is headquartered in Hilliard, Ohio.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
WMS passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Impax Asset Management, Impax Asset Management Group plc$289.74M · 1.9% of book
- Baillie Gifford, BAILLIE GIFFORD & CO$288.07M · 0.3% of book
- Marshall Wace, MARSHALL WACE, LLP$49.37M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$41.31M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$35.44M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in WMS
Trades in WMS disclosed by members of Congress and executive-branch officials, latest first:
- Thomas H Tuberville · SenateSell · $1,001 - $15,000 · traded 7 May 2024 · disclosed 5 Aug 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
WMS peers
The largest companies in the same industry (Building Products & Equipment), then in the same sector.
- CODGF Compagnie de Saint-Gobain S.A.
- LII Lennox International Inc.
- MAIR Madison Air Solutions Corporation
- MAS Masco Corporation
- BLMOY Belimo Holding AG
- OC Owens Corning
- AAON AAON, Inc.
- AWI Armstrong World Industries, Inc.
Every industrials company we cover is on the Industrials hub.
Common questions
Is Advanced Drainage Systems, Inc. (WMS) undervalued?
Against our fair value estimate of $60.42, WMS at $126.71 is 52% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own WMS?
11 of the institutions we track reported a position in WMS in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is WMS's P/E ratio?
WMS trades at 27.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Advanced Drainage Systems, Inc. (WMS) pay a dividend?
Yes. Advanced Drainage Systems, Inc. yields 0.54% at the current share price. It has paid $0.760 per share over the trailing twelve months. It has paid a dividend in each of the last 12 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its WMS data?
Fundamentals for WMS come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 03:56 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for WMS, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.