RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Cleveland-Cliffs Stock

Cleveland-Cliffs P/E 2024

Cleveland-Cliffs P/E

-34.54

Ticker

CLF

ISIN

US1858991011

WKN

A2DVSM

As of Nov 23, 2024, Cleveland-Cliffs's P/E ratio was -34.54, a -291.68% change from the 18.02 P/E ratio recorded in the previous year.

The Cleveland-Cliffs P/E history

Cleveland-Cliffs Aktienanalyse

What does Cleveland-Cliffs do?

Cleveland-Cliffs Inc. is a US mining company specializing in the production of iron ore and steel. The company originated in 1847 as the Cleveland Iron Mining Company. It has three main business areas: iron ore production, steel production, and the manufacturing of high-quality metallurgical products. Cleveland-Cliffs is the largest independent iron ore producer in North America and the largest integrated steel producer in the USA. The company's iron ore production includes mines in Michigan and Minnesota, and it is a major supplier of iron ore to steel manufacturers in the USA. Cleveland-Cliffs also produces iron ore pellets, which are an important raw material for the steel industry. Its steel production is based on integrated smelting facilities that encompass the entire process from iron ore extraction to steel production. The company produces a wide range of quality products, including hot-rolled coiled bands, cold-rolled products, and galvanized products. Cleveland-Cliffs is also a leader in the production of high-quality metallurgical products used in aerospace, defense, and other demanding industries. It produces high-purity chromium and vanadium oxide powders, as well as ferroalloys used in steel production and other demanding applications. Over the years, Cleveland-Cliffs has undergone several mergers and acquisitions, increasing its size, scope, and business expansion. In 2018, Cleveland-Cliffs acquired steel manufacturer AK Steel, making it one of the largest production companies in North America. The company's business model is based on maximizing production efficiency, reducing costs, and increasing profitability. It also emphasizes environmentally friendly production, striving to reduce energy consumption and CO2 emissions. Cleveland-Cliffs has launched various initiatives in recent years to improve its environmental footprint. For example, it installed a carbon emission reduction facility at its smelting plant in Michigan and initiated energy-saving and waste reduction measures. Overall, Cleveland-Cliffs has a long history as a leading company in iron ore production and steel manufacturing. It has expanded its operations and improved its environmental performance in order to deliver high-quality products to its customers while ensuring sustainable production. Cleveland-Cliffs ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Cleveland-Cliffs's P/E Ratio

The Price to Earnings (P/E) Ratio of Cleveland-Cliffs is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Cleveland-Cliffs's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Cleveland-Cliffs is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Cleveland-Cliffs’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Cleveland-Cliffs stock

What is the price-to-earnings ratio of Cleveland-Cliffs?

The price-earnings ratio of Cleveland-Cliffs is currently -34.54.

How has the price-earnings ratio of Cleveland-Cliffs changed compared to last year?

The price-to-earnings ratio of Cleveland-Cliffs has increased by -291.68% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Cleveland-Cliffs high compared to other companies?

Yes, the price-to-earnings ratio of Cleveland-Cliffs is high compared to other companies.

How does an increase in the price-earnings ratio of Cleveland-Cliffs affect the company?

An increase in the price-earnings ratio of Cleveland-Cliffs would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Cleveland-Cliffs affect the company?

A decrease in the price-earnings ratio of Cleveland-Cliffs would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Cleveland-Cliffs?

Some factors that influence the price-earnings ratio of Cleveland-Cliffs are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Cleveland-Cliffs pay?

Over the past 12 months, Cleveland-Cliffs paid a dividend of 0.12 USD . This corresponds to a dividend yield of about 0.96 %. For the coming 12 months, Cleveland-Cliffs is expected to pay a dividend of 0.08 USD.

What is the dividend yield of Cleveland-Cliffs?

The current dividend yield of Cleveland-Cliffs is 0.96 %.

When does Cleveland-Cliffs pay dividends?

Cleveland-Cliffs pays a quarterly dividend. This is distributed in the months of August, November, February, May.

How secure is the dividend of Cleveland-Cliffs?

Cleveland-Cliffs paid dividends every year for the past 0 years.

What is the dividend of Cleveland-Cliffs?

For the upcoming 12 months, dividends amounting to 0.08 USD are expected. This corresponds to a dividend yield of 0.66 %.

In which sector is Cleveland-Cliffs located?

Cleveland-Cliffs is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Cleveland-Cliffs kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Cleveland-Cliffs from 4/15/2020 amounting to 0.06 USD, you needed to have the stock in your portfolio before the ex-date on 4/2/2020.

When did Cleveland-Cliffs pay the last dividend?

The last dividend was paid out on 4/15/2020.

What was the dividend of Cleveland-Cliffs in the year 2023?

In the year 2023, Cleveland-Cliffs distributed 0 USD as dividends.

In which currency does Cleveland-Cliffs pay out the dividend?

The dividends of Cleveland-Cliffs are distributed in USD.

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Andere Kennzahlen von Cleveland-Cliffs

Our stock analysis for Cleveland-Cliffs Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cleveland-Cliffs Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.