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CLF Cleveland-Cliffs PE ratio, current and historical analysis

The current P/E ratio for Cleveland-Cliffs stock as of Jun 21, 2024 is 19.47. This is calculated based on the TTM EPS of $0.76 and the stock price of $14.8 per share. The PE ratio has decreased by 33% from its last 4 quarters average of 28.9.

CLF PE ratio history

How has CLF's PE ratio performed in the past

The average historical PE ratio of Cleveland-Cliffs for the last ten years is 15.61. The current price-to-earnings ratio of 19.47 is 25% more than the historical average. Analyzing the last ten years, CLF's PE ratio reached its highest point in the Jun 2020 quarter at 61.33, when the price was $5.52 and the EPS was $0.09. The lowest point was recorded in the Dec 2018 quarter, when it reached 2.02 with a price of $7.69 and an EPS of $3.8.

Average
15.61
Median
6.5
Minimum
2.02
Maximum
61.33

Cleveland-Cliffs PE ratio by year

Maximum annual increase: 317.54% in 2023

Maximum annual decrease: -64.12% in 2018

Year PE ratio Change
2023 26.18 317.54%
2022 6.27 62.02%
2021 3.87 N/A
2020 N/A N/A
2019 7.92 292.08%
2018 2.02 -64.12%
2017 5.63 -41.11%
2016 9.56 N/A
2015 N/A N/A
2014 N/A N/A

CLF average PE ratio chart

What is the average PE ratio of CLF for the past years

Currently, CLF's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
14.42
5-year avg
14.79
10-year avg
15.61
15-year avg
14.71

CLF PE vs peers

What is CLF's PE ratio compared to its peers

CLF's PE ratio is above its peer stocks ACI and X. Cleveland-Cliffs is currently trading at a higher PE ratio (19.47) than its peers average of 6.89.

Stock name PE ratio Market cap
CNX CNX Resources Corp 3.83 $3.7B
BTU Peabody Energy Corp 5.55 $2.75B
ACI Albertsons Companies Inc 8.69 $11.29B
X United States Steel Corp 9.47 $8.24B
CLF Cleveland-Cliffs Inc 19.47 $7.04B

Frequently asked questions

What is Cleveland-Cliffs's PE ratio?

As of Jun 21, 2024, CLF stock has a price to earnings ratio of 19.47.

What is the 3-year average PE ratio for Cleveland-Cliffs (CLF)?

The average PE ratio for CLF stock over the past 3 years is 14.42.

What is the 5-year average PE ratio for Cleveland-Cliffs (CLF)?

The average PE ratio for CLF stock over the past 5 years is 14.79.

What is the highest PE ratio for CLF?

Over the last ten years, the quarterly PE ratio reached its highest level at 61.33 in the Jun 2020 quarter.

How does the current PE ratio for CLF compare to its historical average?

The current PE ratio of CLF is 25% higher than the 10-year historical average.

How is CLF's PE ratio calculated (Cleveland-Cliffs PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 21, 2024), Cleveland-Cliffs's share price is $14.8. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.76. Therefore, Cleveland-Cliffs's price to earnings ratio for today is 19.47. PE RATIO(19.47) = STOCK PRICE($14.8) / TTM EPS($0.76)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.