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STOCK COMPARISON

Clean Harbors vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Clean Harbors (CLH) and Waste Management (WM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Clean Harbors trades at $319 versus a fair value of $154 (-52%), while Waste Management trades at $222 versus $128 (-42%).
Clean Harbors
CLH · USD · Industrials
-52%
upside to fair value
overvalued
Price$319
Fair Value$154
Quality57/100
Waste Management
WM · USD · Industrials
-42%
upside to fair value
overvalued
Price$222
Fair Value$128
Quality56/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Clean HarborsWaste Management
Valuation
41.2×P/E (TTM)33.8×
2.65×P/S (TTM)3.69×
5.85×P/B9.38×
15.9×EV/EBITDA15.1×
0.27×PEG2.38×
−51.7%Fair value upside−42.3%
—Dividend yield1.5%
—Dividend per share$3.42
Profitability
8%Operating margin18%
1.40×EBIT margin trend (5Y)1.12×
15%Return on equity30%
6%Return on assets7%
Growth
2%Revenue growth (YoY)4%
5.3%Avg. growth/yr (3Y)8.6%
13.9%Avg. growth/yr (5Y)10.6%
+24.1%Value creation/yr+13.7%
Balance & size
4.0×Interest coverage (EBIT/interest)5.1×
1.01×Debt / equity2.22×
$16BMarket cap$94B
healthyGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Clean Harborsof which business quality 56 · market factors 70 Waste Managementof which business quality 54 · market factors 56
ProfitabilityMargins and returns on capital today
46
50
Quality GrowthAre margins and returns improving?
41
56
CashflowEarnings quality: real cash, not paper profit
56
64
Fin. StrengthBalance sheet, leverage, solvency risk
52
34
InvestmentDisciplined investing over empire-building
57
35
Low VolatilityCalm price path (market factor)
71
94
MomentumPrice trend over the last 3–12 months (market factor)
60
38
52W MomentumDistance to the 52-week high (market factor)
85
45
Net IssuanceBuybacks instead of dilution
93
85

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyClean HarborsPrice $319Waste ManagementPrice $222
DCF Models-53%below the price$151-51%below the price$108
Earnings-Based-74%below the price$82.79-64%below the price$80.38
Multiples-55%below the price$142-43%below the price$127
Asset-Based-89%below the price$34.81-92%below the price$16.67
Growth DCF-52%below the price$152-57%below the price$95.15
Economic Profit-74%below the price$82.26-68%below the price$71.06
Growth Earnings-57%below the price$136-42%below the price$128
Minimum-89%below the price$34.81-92%below the price$16.67
Maximum-52%below the price$152-42%below the price$128
Median-57%below the price$136-57%below the price$95.15
Geometric mean-68%below the price$101-65%below the price$76.95

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Clean Harbors: 24 of 24 models see the stock below the current price.

Waste Management: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Clean Harbors
Bear $70.35Fair Value $154Bull $194
$319 = current price (white tick)
Waste Management
Bear $50.10Fair Value $128Bull $177
$222 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Clean Harbors · Industrials

Quality score57 · above median
Fair value upside-52% · below median

Waste Management · Industrials

Quality score56 · above median
Fair value upside-42% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Clean Harbors trades at $319 versus a fair value of $154 (-52%), while Waste Management trades at $222 versus $128 (-42%).

Clean Harbors has the higher quality score (57/100).

See the full analysis →
Clean Harbors · Waste Management

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.