Clean Harbors (NYSE:CLH) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Clean Harbors Forward PE Ratio Related Terms
Clean Harbors Forward PE Ratio Historical Data
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The historical data trend for Clean Harbors's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clean Harbors Forward PE Ratio Chart
Clean Harbors Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
25.38
71.43
52.63
33.33
41.49
36.50
24.15
15.53
21.88
27.70
30.05
Clean Harbors Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
25.38
30.03
71.94
41.67
71.43
94.34
84.75
48.54
52.63
75.19
85.47
53.48
33.33
43.48
40.32
35.59
41.49
23.04
100.00
30.21
36.50
36.23
39.22
37.59
24.15
26.46
19.96
14.97
15.53
20.53
23.75
20.92
21.88
27.55
31.35
29.07
27.70
25.83
30.39
25.71
30.05
33.92
CLH vs GFL, CWST, ONT: Forward PE Ratio Comparison
For the Waste Management subindustry, Clean Harbors's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Clean Harbors Forward PE Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Clean Harbors's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Clean Harbors's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Clean Harbors (CLH) has a Forward PE Ratio of 35.34 as of Jul. 11, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Clean Harbors and its competitors. According to the industry distribution chart, Clean Harbors ranks #78 out of 94 companies in the Waste Management industry, placing it in the top 83%.
Is Clean Harbors' Forward PE Ratio too high?
Clean Harbors' current Forward PE Ratio is 35.34. The Waste Management industry median Forward PE Ratio is 15.45. Clean Harbors' value of 35.34 is 128.8% above this industry median. Based on the distribution chart, Clean Harbors ranks #78 out of 94 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Clean Harbors has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clean Harbors' Forward PE Ratio compare to GFL and CWST?
According to the Waste Management industry distribution chart, Clean Harbors ranks #78 out of 94 companies for Forward PE Ratio. This places Clean Harbors in the lower half of its industry. The industry median Forward PE Ratio is 15.45. Clean Harbors' value of 35.34 is 128.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Waste Management company?
The median Forward PE Ratio among Waste Management companies is 15.45, based on 94 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clean Harbors's current Forward PE Ratio of 35.34 is 128.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Clean Harbors and its competitors. For the Waste Management industry, the median Forward PE Ratio is 15.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Harbors's current Forward PE Ratio is 35.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Harbors stock overvalued right now?
Based on GuruFocus' analysis, Clean Harbors (CLH) is currently considered Modestly Overvalued. The stock's GF Value™ is $244.10, compared to a current price of $304.13 — trading 24.6% above its estimated fair value. The current Forward PE Ratio is 35.34 and 128.8% above the Waste Management industry median of 15.45. Clean Harbors' overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Clean Harbors (CLH), the current Forward PE Ratio is 35.34 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Clean Harbors (CLH) Overvalued in 2026?
Based on GuruFocus' analysis, Clean Harbors stock appears to be overvalued.
The current stock price of $304.13 is trading 24.6% above its estimated GF Value™ of $244.10.
GuruFocus considers Clean Harbors to be Modestly Overvalued.
Key valuation signals for CLH:
Forward PE Ratio: 35.34
GF Value™: $244.10 vs. price of $304.13 (24.6% above fair value)
Industry Position: 128.8% above the Waste Management median (#78 of 94)
No single metric tells the full story. See the CLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clean Harbors Inc is an environmental and industrial services provider that provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. Environmental Services includes waste collection, transportation, treatment, recycling, and disposal, along with industrial maintenance services. Safety-Kleen Sustainability Solutions provides used oil collection and manufactures base oil, vacuum gas oil, and lubricants. The company generates the majority of its revenues from the Environmental Services segment and operates in the United States, with maximum revenue, and Canada.
87GF Score
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