Clean HarborsCLH +0.74%87 Return-on-Tangible-Asset is 4.68% as of Mar. 2026, which is 7% below its 10-year median of 5.02. GuruFocus rates CLH with a GF Score™ of 87/100 and a GF Value™ of $244.06 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 247 Waste Management companies, Clean Harbors ranks better than 78.95% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Clean Harbors's annualizedNet Income for the quarter that ended in Mar. 2026 was $253 Mil. Clean Harbors's average total tangible assets for the quarter that ended in Mar. 2026 was $5,405 Mil. Therefore, Clean Harbors's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.68%.
The historical rank and industry rank for Clean Harbors's Return-on-Tangible-Asset or its related term are showing as below:
CLH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.54 Med: 5.02 Max: 10.24
Current: 7.44
During the past 13 years, Clean Harbors's highest Return-on-Tangible-Asset was 10.24%. The lowest was -1.54%. And the median was 5.02%.
CLH's Return-on-Tangible-Asset is ranked better than 78.95% of 247
companies
in the Waste Management industry
Industry Median: 1.92
vs CLH: 7.44
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Clean Harbors Return-on-Tangible-Asset Related Terms
Clean Harbors Return-on-Tangible-Asset Historical Data
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The historical data trend for Clean Harbors's Return-on-Tangible-Asset 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.
CLH vs GFL, CWST, ONT: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Clean Harbors's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Clean Harbors's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Clean Harbors's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.68% mean?
Clean Harbors (CLH) has a Return-on-Tangible-Asset of 4.68% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Clean Harbors and its competitors. This is near median its historical median of 5.02. According to the industry distribution chart, Clean Harbors ranks #52 out of 247 companies in the Waste Management industry, placing it in the top 21.1%.
Is Clean Harbors' Return-on-Tangible-Asset too high?
Clean Harbors' current Return-on-Tangible-Asset of 4.68% is near median its 10-year median of 5.02. The Waste Management industry median Return-on-Tangible-Asset is 1.92. Clean Harbors' value of 4.68% is 143.8% above this industry median. Based on the distribution chart, Clean Harbors ranks #52 out of 247 companies in the Waste Management industry, which is in the top quartile — a strong position 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' Return-on-Tangible-Asset compare to GFL and CWST?
According to the Waste Management industry distribution chart, Clean Harbors ranks #52 out of 247 companies for Return-on-Tangible-Asset. This places Clean Harbors in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.92. Clean Harbors' value of 4.68% is 143.8% above this benchmark. While the company's 10-year median is 5.02 vs. the industry median of 1.92, Clean Harbors has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.92, based on 247 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clean Harbors's current Return-on-Tangible-Asset of 4.68% is 143.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Clean Harbors and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Harbors's current Return-on-Tangible-Asset is 4.68%, which is near median its own 10-year median of 5.02. 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 $244.06, compared to a current price of $304.13 — trading 24.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.68%, which is near median its 10-year median of 5.02 and 143.8% above the Waste Management industry median of 1.92. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Clean Harbors (CLH), the current Return-on-Tangible-Asset is 4.68% as of Mar. 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 $244.06.
GuruFocus considers Clean Harbors to be Modestly Overvalued.
Key valuation signals for CLH:
Return-on-Tangible-Asset: 4.68% (near median its 10-year median of 5.02)
GF Value™: $244.06 vs. price of $304.13 (24.6% above fair value)
Industry Position: 143.8% above the Waste Management median (#52 of 247)
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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