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Clean Harbors (CLH) Leans On PFAS Growth, Is The Stock Still A Bargain?
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Clean Harbors stock performance snapshot after recent moves

Clean Harbors (CLH) has attracted fresh attention after recent share price moves, prompting investors to revisit how the stock has been performing over different time frames and what the current metrics suggest.

The stock closed at $317.10 on 3 March 2026. That level reflects a decline of 0.5% over the past day, a gain of 0.6% over the past week, and a gain of 3% over the past month.

Over the past 3 months, Clean Harbors has returned 10.1%. The year to date return is 30.3%, while the total return over the past year is 33.1% and over 3 years is 91.8%.

The 5 year total return is 214.3%. Investors watching recent price action may see these longer run figures as a reference point when thinking about how the stock has behaved through different market conditions.

Clean Harbors currently carries a market value of about US$16.7b. The company reports revenue of US$6.24b and net income of US$439.05m in its latest figures, which provides a base for assessing profitability in relation to its valuation.

Revenue growth on an annual basis is 5.1%, with net income growth of 9.4%. These growth rates offer context for investors who are comparing Clean Harbors with other commercial services stocks or assessing how earnings trends relate to share price performance.

Environmental Services is the larger contributor to revenue at US$5.34b, with Safety-Kleen Sustainability Solutions generating US$902.34m. This mix underlines the importance of environmental and industrial services in the overall business profile.

Geographically, the United States accounts for US$5.69b of revenue and Canada for US$549.83m. For investors, this concentration shows that most of Clean Harbors activity and risk exposure is tied to North American markets.

The stock currently trades at a 31.2% discount to an intrinsic value estimate provided in the data. There is also a 13.5% discount shown relative to an external reference value, which some investors may treat as another input when forming their own view.

A value score of 2 is assigned in the dataset, which suggests the stock is not screened as especially cheap on this particular scale. Readers might still find the combination of growth, profitability, and sector exposure useful when deciding whether Clean Harbors deserves a closer look.

For investors looking at the bigger picture, Clean Harbors has shown firm share price momentum over the past year, with steady gains over the past quarter and year to date, together with strong multi year total shareholder returns.

The latest 90 day share price return of 10.1% and year to date share price return of 30.3% indicate that buyers have been willing to pay more for exposure to Clean Harbors in recent months. At the same time, the 33.1% one year total shareholder return and 214.3% five year total shareholder return point to a stock that has already rewarded long term holders and is now being reassessed in light of the current valuation discounts highlighted above.

Compare Clean Harbors recent run with a curated group of resilient commercial and industrial stocks by scanning the 80 resilient stocks with low risk scores, which are screened for durability first.

After a strong multiyear run and a recent push higher, Clean Harbors now trades at a sizeable discount to some valuation estimates. Do the current fundamentals still justify taking that risk for more potential upside?

Most Popular Narrative: 11.7% Undervalued

Compared with the last close at $317.10, the most followed narrative puts Clean Harbors fair value near $358.93, which frames today’s discount.

The growing urgency and evolving regulatory landscape around PFAS and hazardous waste management is expected to create a multibillion-dollar opportunity, and Clean Harbors' unique position as the only company with end-to-end PFAS destruction capabilities positions it to capture significant long-term revenue and margin growth as new government and corporate standards take effect.

Read the complete narrative.

Want to see what sits behind that PFAS opportunity claim? The narrative ties long term revenue, margins, and a premium future earnings multiple into one valuation story.

Based on this widely followed narrative and its 7.1% discount rate, Clean Harbors is treated as trading below an implied fair value of $358.93. Result: Fair Value of $358.93 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this Clean Harbors narrative could be knocked off course if new waste reduction technologies curb hazardous volumes or if tighter permitting keeps disposal capacity constrained.

Find out about the key risks to this Clean Harbors narrative.

Another View on Clean Harbors valuation

While the narrative and fair value estimate suggest Clean Harbors is undervalued, its current P/E of 38.1x is well above the US Commercial Services industry at 19.6x and a fair ratio of 21.8x. That gap points to real valuation risk if sentiment shifts back toward those lower benchmarks.

See what the numbers say about this price in the valuation breakdown, then decide which signal you trust more, the discount to fair value or the premium P/E multiple, with See what the numbers say about this price — find out in our valuation breakdown.

NYSE:CLH P/E Ratio as at Sep 2026
NYSE:CLH P/E Ratio as at Sep 2026

Next Steps

With sentiment clearly mixed on Clean Harbors, now is the time to look through the numbers yourself and decide how the risk and reward trade off feels to you. To help frame that decision, take a closer look at the 3 key rewards and 2 important warning signs.

Looking for more investment ideas beyond Clean Harbors?

If you stop with just one stock, you miss chances to build a stronger portfolio. Use these focused stock ideas to pressure test and broaden your thinking.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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