Clean Harbors Inc (CLH) Fair Value & Analysis
Industrials · US · Market cap $16.1B · ISIN US1844961078
What is Clean Harbors Inc really worth?
Clean Harbors Inc
CLH · US
A solid business, but trading 107% above our fair value of $154.01.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 24 valuation models · updated 6 days ago
Share price +2.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($194.21). The favourable scenario is already priced in.
- The model range is unusually wide ($70.35 to $194.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $82.86 – $326.34 · fair‑value band $70.35 – $194.21 · the $318.65 price screens above the $154.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Clean Harbors Inc (CLH) currently trades at $318.65, while our model-based Fair Value estimate is $154.01, implying the stock looks roughly 106.9% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of $151.04 per share, and 0 of the 24 models we run sit above the $318.65 price. Bear case: the Asset-Based group reads lowest at $34.81, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Clean Harbors Inc generated revenue of $6.1B at a net margin of 6.5%. Revenue grew 1.9% year over year. It earns a return on equity of 14.8%. Net debt stands at $2.6B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $70.35 (bear case) to $194.21 (bull case); at $318.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −52%, CLH screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $5.02 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models ($151.04) versus Asset-Based ($34.81). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Clean Harbors, Inc. provides environmental and industrial services in the United States and Canada. The company operates through two segments: Environmental Services and Safety-Kleen Sustainability Solutions.
Full company description
Clean Harbors, Inc. provides environmental and industrial services in the United States and Canada. The company operates through two segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, recycles, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services; and utilizes specialty equipment and resources that perform field services. The Safety-Kleen Sustainability Solutions segment provides containerized waste, parts-washer, and vacuum services for automobile repair shops, car and truck dealers, metal fabricators, machine manufacturers, fleet maintenance shops, and other automotive, industrial, and retail customers; collects and transports for hazardous and non-hazardous containerized waste for recycling or disposal; machine cleaning and maintenance, and disposal and replenishment of clean solvent or aqueous fluids; and vacuum services to remove solids, residual oily water, and sludge and other fluids from customers' oil/water separators, sumps, and collection tanks, as well as removes and collects waste fluids found at large and small industrial locations, including metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, and packages lubricants and other products. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Clean Harbors Inc reported revenue of $6.0B in FY2025 versus $3.8B in FY2021, a compound +12.2%/yr. Reported net income was $391M in FY2025, compounding +17.8%/yr from FY2021.
CLH screens 107% overvalued. Compare with Waste Management, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Why Is Clean Harbors (CLH) Down 1.7% Since Last Earnings Report?
- Clean Harbors Stock Gains 16% in 6 Months: Here's What You Should Know
Peer Group
Waste Management · 165 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Waste Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 42/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Waste Management, Inc WM | $217.76 | $128.02 | −41% |
| Republic Services, Inc RSG | $220.92 | $120.63 | −45% |
| Waste Connections, Inc WCN | C$230.52 | C$78.67 | −66% |
| Veolia Environnement SA VIE | €32.60 | €23.26 | −29% |
| GFL Environmental Inc GFL | C$57.62 | C$44.27 | −23% |
| Fomento de Construcciones y Contratas, S.A FCC | €11.30 | €7.30 | −35% |
| GEM Co 002340 | ¥6.67 | ¥5.27 | −21% |
| Zhejiang Weiming Environment Protection Co 603568 | ¥14.86 | ¥20.95 | +41% |
| Cleanaway Waste Management Limited CWY | A$2.60 | A$1.18 | −55% |
| Beijing GeoEnviron Engineering & Technology, Inc 603588 | ¥14.10 | ¥9.35 | −34% |
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