P/E ratio for Clean Harbors (CLH)
P/E ratio as of March 2023 (TTM): 19.1
According to Clean Harbors 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.0818. At the end of 2021 the company had a P/E ratio of 26.7.
P/E ratio history for Clean Harbors from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.7 | -14.24% |
| 2020 | 31.2 | -36.35% |
| 2019 | 49.0 | 16.17% |
| 2018 | 42.2 | 37.74% |
| 2017 | 30.6 | -137.97% |
| 2016 | -80.7 | -247.17% |
| 2015 | 54.8 | -153.61% |
| 2014 | -102 | -367.69% |
| 2013 | 38.2 | 65.23% |
| 2012 | 23.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Waste Management WM | 28.5 | 49.42% | 🇺🇸 USA |
 Vertex Energy
VTNR | -15.0 | -178.69% | 🇺🇸 USA |
 US Ecology
ECOL | -533 | -2,894.40% | 🇺🇸 USA |
 Stericycle SRCL | 68.7 | 260.14% | 🇺🇸 USA |
 Waste Connections WCN | 41.5 | 117.41% | 🇺🇸 USA |
 Covanta CVA | N/A | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.