Clean Harbors CLH
United StatesIndustrials · Waste ManagementUSD
358.33 USD (+13.6%)
15 analysts
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Clean Harbors is a US-based hazardous waste management and environmental and industrial services company, offering collection, treatment, recycling, and remediation solutions for industrial and governmental clients.
Key points
from its scores- ✓Good share-price trend8.6
- ✓Strong growth7.8
- ✓Favourable backdrop7.0
- ✕Little or no dividend1.5
- ✕Demanding valuation3.6
AI analysis
bottom line, main risk, context and newsBusiness quality and growth justify the premium, but the current valuation limits upside potential in the short term.
Clean Harbors shows a solid financial profile with revenue growth of 11.9% and earnings growth of 36.4%, supported by a ROIC of 15.66% and an operating margin of 15.50%, although its valuation (P/E 38.25) already discounts much of that growth and its net debt of 2.28x EBITDA is manageable but not negligible.
The main risk is the demanding valuation (P/E 38.25) which leaves little room for error if earnings growth decelerates or if the rise in long-term rates compresses industrial sector multiples.
Context and risks
Clean Harbors has no material exposure to current macro factors: its waste management and environmental services business is defensive, with stable margins and non-cyclical demand. The rise in long-term US rates is a factor to watch given its debt (ND/EBITDA of 2.28), but it is not an imminent risk given its cash generation and industrial profile.
Is Clean Harbors stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 31% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 38.2 | 25.4 | +50% |
| EV / EBITDA | 16.2 | 14.5 | +12% |
| Price / book | 5.7 | 4.1 | +40% |
| Price / sales | 2.7 | 2.1 | +30% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.6 out of 10 (median for Industrials: 5.0).
Average analyst target: 358.33 USD, +13.6% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.6 (sector 5.8), Growth 7.8 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 38.2
- Forward P/E
- 31.5
- EV / EBITDA
- 16.2
- Price / book
- 5.7
- Price / sales
- 2.7
- PEG
- 0.27
- Market cap
- 16.7B USD
- Enterprise value
- 19.4B USD
Profitability
- ROE
- 15.6%
- ROA
- 6.1%
- ROIC (approx.)
- 15.7%
- Gross margin
- 32.3%
- Operating margin
- 15.5%
- Net margin
- 7.0%
- Free cash flow
- 383.8M USD
- FCF yield
- 2.3%
- Cash conversion
- 32%
Solvency
- Total debt
- 3.2B USD
- Net debt
- 2.7B USD
- Cash
- 516.7M USD
- EBITDA
- 1.2B USD
- Net debt / EBITDA
- 2.28
- Debt / equity
- 110.95
- Current ratio
- 2.13
- Quick ratio
- 1.71
Growth
- Revenue growth
- +11.9%
- Earnings growth
- +36.4%
- EPS (TTM)
- 8.25 USD
- EPS (forward)
- 10.00 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.88
- Analyst consensus
- Buy (15)
- Target price
- 358.33 USD
- 52-week range
- 201.34 – 335.94
Recent news
All CLH news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Clean Harbors
Is Clean Harbors stock cheap or expensive?
On P/E and EV / EBITDA, it trades 31% above the Industrials median on average. Valuation score: 3.6 out of 10 (median for Industrials: 5.0). Average analyst target: 358.33 USD, +13.6% versus the price. This is not investment advice.
What score does Clean Harbors get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,390 of 2,130 (better than 32% of the companies analysed). Its strongest category is Momentum (8.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Clean Harbors's P/E ratio?
Its P/E is 38.2: the share price equals 38.2 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 31.5.
How much is Clean Harbors worth on the stock market?
Its market capitalisation is 16.7B USD and its enterprise value, debt included, is 19.4B USD.
How much debt does Clean Harbors have?
Its net debt (debt minus cash) is 2.7B USD. That is 2.28 times its EBITDA; the Industrials median is 1.58.
Does Clean Harbors pay a dividend?
It pays no dividend, or almost none.
How has Clean Harbors stock performed over the last year?
It has risen 34.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 201.34 and 335.94 USD. Past performance does not guarantee future results.
What do analysts think of Clean Harbors?
15 analysts cover it; their average recommendation is “Buy” and their average target is 358.33 USD (+13.6% versus the price). It is an estimate, not market data.