CLF Relative Valuation
CLF's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CLF is overvalued; if below, it's undervalued.
Historical Valuation
Cleveland-Cliffs Inc (CLF) is now in the Fair zone, suggesting that its current forward PS ratio of 0.44 is considered Fairly compared with the five-year average of 3.21. The fair price of Cleveland-Cliffs Inc (CLF) is between 10.09 to 15.20 according to relative valuation methord.
Relative Value
Fair Zone
10.09-15.20
Current Price：13.39
Fair
-34.00
PE
1Y
3Y
5Y
13.61
EV/EBITDA
Cleveland-Cliffs Inc. (CLF) has a current EV/EBITDA of 13.61. The 5-year average EV/EBITDA is 7.12. The thresholds are as follows: Strongly Undervalued below 0.21, Undervalued between 0.21 and 3.67, Fairly Valued between 10.58 and 3.67, Overvalued between 10.58 and 14.04, and Strongly Overvalued above 14.04. The current Forward EV/EBITDA of 13.61 falls within the Overvalued range.
76.03
EV/EBIT
Cleveland-Cliffs Inc. (CLF) has a current EV/EBIT of 76.03. The 5-year average EV/EBIT is -3.26. The thresholds are as follows: Strongly Undervalued below -181.40, Undervalued between -181.40 and -92.33, Fairly Valued between 85.81 and -92.33, Overvalued between 85.81 and 174.89, and Strongly Overvalued above 174.89. The current Forward EV/EBIT of 76.03 falls within the Historic Trend Line -Fairly Valued range.
0.44
PS
Cleveland-Cliffs Inc. (CLF) has a current PS of 0.44. The 5-year average PS is 0.39. The thresholds are as follows: Strongly Undervalued below 0.18, Undervalued between 0.18 and 0.29, Fairly Valued between 0.50 and 0.29, Overvalued between 0.50 and 0.61, and Strongly Overvalued above 0.61. The current Forward PS of 0.44 falls within the Historic Trend Line -Fairly Valued range.
17.20
P/OCF
Cleveland-Cliffs Inc. (CLF) has a current P/OCF of 17.20. The 5-year average P/OCF is 4.83. The thresholds are as follows: Strongly Undervalued below -0.67, Undervalued between -0.67 and 2.08, Fairly Valued between 7.58 and 2.08, Overvalued between 7.58 and 10.32, and Strongly Overvalued above 10.32. The current Forward P/OCF of 17.20 falls within the Strongly Overvalued range.
52.39
P/FCF
Cleveland-Cliffs Inc. (CLF) has a current P/FCF of 52.39. The 5-year average P/FCF is 8.13. The thresholds are as follows: Strongly Undervalued below -16.40, Undervalued between -16.40 and -4.13, Fairly Valued between 20.39 and -4.13, Overvalued between 20.39 and 32.66, and Strongly Overvalued above 32.66. The current Forward P/FCF of 52.39 falls within the Strongly Overvalued range.
Cleveland-Cliffs Inc (CLF) has a current Price-to-Book (P/B) ratio of 1.23. Compared to its 3-year average P/B ratio of 1.00 , the current P/B ratio is approximately 22.99% higher. Relative to its 5-year average P/B ratio of 1.63, the current P/B ratio is about -24.44% higher. Cleveland-Cliffs Inc (CLF) has a Forward Free Cash Flow (FCF) yield of approximately -17.64%. Compared to its 3-year average FCF yield of 4.82%, the current FCF yield is approximately -465.72% lower. Relative to its 5-year average FCF yield of 7.60% , the current FCF yield is about -332.03% lower.
1.23
P/B
Median3y
1.00
Median5y
1.63
-17.64
FCF Yield
Median3y
4.82
Median5y
7.60
Competitors Valuation Multiple
The average P/S ratio for CLF's competitors is 0.44, providing a benchmark for relative valuation. Cleveland-Cliffs Inc Corp (CLF) exhibits a P/S ratio of 0.44, which is -0.36% above the industry average. Given its robust revenue growth of 3.61%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CLF increased by 28.91% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -3.10 to -4.01.
The secondary factor is the Revenue Growth, contributed 3.61%to the performance.
Overall, the performance of CLF in the past 1 year is driven by P/E Change. Which is more unsustainable.
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Frequently Asked Questions
Is Cleveland-Cliffs Inc (CLF) currently overvalued or undervalued?
Cleveland-Cliffs Inc (CLF) is now in the Fair zone, suggesting that its current forward PS ratio of 0.44 is considered Fairly compared with the five-year average of 3.21. The fair price of Cleveland-Cliffs Inc (CLF) is between 10.09 to 15.20 according to relative valuation methord.
What is Cleveland-Cliffs Inc (CLF) fair value?
CLF's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Cleveland-Cliffs Inc (CLF) is between 10.09 to 15.20 according to relative valuation methord.
How does CLF's valuation metrics compare to the industry average?
The average P/S ratio for CLF's competitors is 0.44, providing a benchmark for relative valuation. Cleveland-Cliffs Inc Corp (CLF) exhibits a P/S ratio of 0.44, which is -0.36% above the industry average. Given its robust revenue growth of 3.61%, this premium appears unsustainable.
What is the current P/B ratio for Cleveland-Cliffs Inc (CLF) as of Jan 06 2026?
As of Jan 06 2026, Cleveland-Cliffs Inc (CLF) has a P/B ratio of 1.23. This indicates that the market values CLF at 1.23 times its book value.
What is the current FCF Yield for Cleveland-Cliffs Inc (CLF) as of Jan 06 2026?
As of Jan 06 2026, Cleveland-Cliffs Inc (CLF) has a FCF Yield of -17.64%. This means that for every dollar of Cleveland-Cliffs Inc’s market capitalization, the company generates -17.64 cents in free cash flow.
What is the current Forward P/E ratio for Cleveland-Cliffs Inc (CLF) as of Jan 06 2026?
As of Jan 06 2026, Cleveland-Cliffs Inc (CLF) has a Forward P/E ratio of -34.00. This means the market is willing to pay $-34.00 for every dollar of Cleveland-Cliffs Inc’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Cleveland-Cliffs Inc (CLF) as of Jan 06 2026?
As of Jan 06 2026, Cleveland-Cliffs Inc (CLF) has a Forward P/S ratio of 0.44. This means the market is valuing CLF at $0.44 for every dollar of expected revenue over the next 12 months.