Cleveland-Cliffs Stock

Cleveland-Cliffs EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of Cleveland-Cliffs (CLF) as of Aug 6, 2026 is -4.20. In the previous year, EV/EBIT (Enterprise Value to EBIT) was -10.33 — a change of -59.36% (higher).

EV/EBIT

-4.20

YoY

-59.36%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of Cleveland-Cliffs is 2026 -4.20 . EV/EBIT (Enterprise Value to EBIT) of Cleveland-Cliffs was 2025 -10.33 . It decreases by -59.36% higher compared to the previous year.

The Cleveland-Cliffs EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

PRICE-TO-EBIT
Date
PRICE-TO-EBIT
Jan 1, 2019
5.35 base
Jan 1, 2020
143.94 base
Jan 1, 2021
2.87 base
Jan 1, 2022
4.27 base
Jan 1, 2023
15.23 base
Jan 1, 2024
-7.97 base
Jan 1, 2025
-4.64 base
Jan 1, 2026 (e)
6.36 base
YEARPRICE-TO-EBIT
2026 est 6.36
2025 -4.64
2024 -7.97
2023 15.23
2022 4.27
2021 2.87
2020 143.94
2019 5.35
2018 3.51
2017 5.03
2016 8.19
2015 1.60
2014 -0.12
2013 6.00
2012 -17.79
2011 3.80
2010 8.36
2009 27.06
2008 3.09
2007 11.98
2006 5.44
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Cleveland-Cliffs Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Cleveland-Cliffs's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Cleveland-Cliffs's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Cleveland-Cliffs's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Cleveland-Cliffs grows earnings faster than its peers.

Cleveland-Cliffs Stock analysis

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 is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Cleveland-Cliffs stock

EV/EBIT (Enterprise Value to EBIT) of Cleveland-Cliffs is -4.20 in 2026.

EV/EBIT (Enterprise Value to EBIT) of Cleveland-Cliffs changed from -10.33 to -4.20, representing a -59.36% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) Cleveland-Cliffs since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s Cleveland-Cliffs with sector peers and the industry average to assess whether it is attractive.

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Valuation — Cleveland-Cliffs

All Key Metrics — Cleveland-Cliffs