NYSE: CLH · Waste Management
Clean Harbors (CLH) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Clean Harbors (CLH) at $310.74 a share. The stock last closed at $294.81, which puts the model's fair value 5.4% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 3 Nov 2026. Clean Harbors, Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $324.59 to $310.74 (-4.3%). The stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move.
What the model makes of itThe price of $294.81 is 5.4% below it: Fairly valued, on a medium evidence grade.
What's nextReports on 4 Nov 2026. Options expiring after the report price a move of about 7% either way. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give CLH?
The calibrated range for CLH over 63 trading days is $273.49 to $323.29. It sits around the last close, and its width comes from the volatility that CLH's own options imply (25% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $230.56 to $411.81. In 53% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Clean Harbors, Inc. (CLH) delivers environmental and industrial services across North America. It is structured into two divisions: Environmental Services and Safety-Kleen Sustainability Solutions.
Faircurve's model put the fair value at $310.74 a share on 31 Oct 2026, the midpoint of 2,000 simulations. It moved -4.3% from $324.59 on the previous run, on 24 Oct 2026. In the model's own words, the stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move. The calibrated range over 63 trading days is $272.08 to $325.35. Ranges built this way held the price 60% of the time at this horizon, based on 6,661 past valuations. The model grades the evidence Medium. The grade does not say whether the fair value is right.
Clean Harbors scores 59 out of 100 on the model's overall quality measure, against comparable companies. Stability scores 88, with EBITDA margin downside volatility of 0.6 pts against a peer median of 1.1 pts. Profitability scores 65, with ROIC of 10.9% against a peer median of 9.0%. Earnings quality scores 44, with FCF to net income of 0.44x against a peer median of 1.10x. The model compares it with Casella Waste Systems, Inc. (CWST), Republic Services, Inc. (RSG), Waste Management, Inc. (WM) and Enviri Corporation (NVRI).
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does CLH report earnings, and how has the stock reacted?
Clean Harbors's next earnings report is scheduled for 4 Nov 2026. Companies can move their dates.
Options prices on 4 Nov 2026 imply a move of about 6.9% in either direction through the nearest expiry, about 43 days out, a window that includes the report. That is the size the market is pricing, not a direction. CLH's 30 day implied volatility works out to about 7.3% over one month.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across CLH's last 8 reports, ignoring direction, was 5.5%.
What the options market has priced for a month's move in CLH
How does CLH score on business quality?
Clean Harbors's overall quality score is 59 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 65 | 10.9%ROIC | 9.0% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 44 | 0.44xFCF / net income | 1.10x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 46 | 2.4%Revenue growth, trailing | 6.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 69 | 1.3%Net buybacks / market value | 1.1% |
| Balance sheetNet debt to EBITDA and interest coverage. | 57 | 2.03xNet debt / EBITDA | 2.90x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 88 | 0.6 ptsEBITDA margin downside volatility, 5y | 1.1 pts |
How does CLH compare with similar companies?
The companies in waste management closest to Clean Harbors in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| CWST Casella Waste Systems, Inc. | $96.23 | $93.15 | -3.2% | Fairly valued |
| RSG Republic Services, Inc. | $242.87 | $247.80 | +2.0% | Fairly valued |
| WM Waste Management, Inc. | $234.67 | $230.51 | -1.8% | Fairly valued |
| NVRI Enviri Corporation | $19.03 | $25.36 | +33.3% | Undervalued |
What the comparable companies' multiples alone would give for CLH, the peer-implied price, is $361.36 a share on this run. The fair value weighs that against the company's own multiple.
Clean Harbors at a glance
Clean Harbors, Inc. delivers a comprehensive range of environmental and industrial services across North America. The company is structured into two primary divisions: Environmental Services and Safety-Kleen Sustainability Solutions.
- Market value
- $15.9B
- Sector
- Industrials
- Industry
- Waste Management
- Revenue expected, next twelve months
- $7.0B
- Consensus revenue growth, next fiscal year
- +11.2%
- Analysts with estimates
- 10
- Beta to the US market
- 0.21
- First valued by Faircurve
- 11 Jul 2026
At the close of 3 Nov 2026, 52.1% of the 1,081 graded US stocks the model covers traded below the model's fair value. CLH was among them.
How the fair value is worked out: the model prices Clean Harbors on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for CLH was $324.59. As of 31 Oct 2026 it is $310.74, a change of -4.3%. The stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Clean Harbors's valuation
Is Clean Harbors stock undervalued or overvalued?
On Faircurve's model, CLH reads as Fairly valued as of 31 Oct 2026. The model's fair value is $310.74 a share against a last close of $294.81, a gap of +5.4%.
What is CLH's fair value?
$310.74 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $230.56 to $411.81.
What price range does the model give CLH?
$273.49 to $323.29 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Clean Harbors report earnings next?
The next report is scheduled for 4 Nov 2026. Companies can move their dates.
How much has CLH moved on past earnings reports?
Across its last 8 reports the median two session move was 5.5%, ignoring direction. The largest was -12.5% around the report of 29 Oct 2025.
How confident is the model in this valuation?
The model's evidence grade for CLH is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on CLH
The model holds no idea open on CLH today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on CLH with their outcomes. A free account is enough.