Clean Harbors (CLH) has drawn investor attention after recent share volatility, with the stock down about 4% over the past month but still showing a gain over the past 3 months.

At a share price of $291.40, Clean Harbors has seen recent share price momentum cool over the past month, even though the year-to-date share price return of 19.7% and 5-year total shareholder return of 212.86% still point to a strong longer run for holders.

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With revenue of $6.1b, net income of $395.5m and an indicated 28.2% intrinsic discount, plus a value score of 2, the key question is whether Clean Harbors is still mispriced or if the market is already accounting for future growth.

Most Popular Narrative: 10.3% Undervalued

Against the last close of $291.40, the most followed narrative points to a fair value of $325, giving investors a clear valuation gap to weigh.

The company's ongoing investment in facility expansion (e.g., Kimball, Phoenix hub), logistics optimization, and advanced technology is driving operating leverage, improving route density, and supporting margin expansion as network scale and efficiency increase.

Want to see what is built into that $325 figure? The narrative leans on steady revenue gains, thicker margins, and a future profit multiple that implies meaningful earnings power. Curious which assumptions really move the dial?

Result: Fair Value of $325 (UNDERVALUED)

However, you also need to factor in risks such as tighter environmental rules that raise compliance costs, or new waste technologies that chip away at core disposal revenue.

Another Way To Look At Valuation

The narrative points to a $325 fair value, yet the current P/E of 38.9x sits well above the US Commercial Services industry at 21.9x, peers at 31.1x, and a fair ratio of 23.8x. That gap signals valuation risk if sentiment cools, so which signal do you trust more?

Next Steps

If this mix of opportunity and risk feels finely balanced, act while the data is fresh. Weigh it for yourself with 3 key rewards and 2 important warning signs

Looking for more investment ideas?

If Clean Harbors is on your radar, do not stop there. Widen your watchlist now so you are not relying on a single story.

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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.