The current P/E ratio for Cleveland-Cliffs stock as of Jul 25, 2024 is 190.75. This is calculated based on the TTM EPS of $0.08 and the stock price of $15.26 per share. The PE ratio has increased by 181% from its last 4 quarters average of 67.9.
The average historical PE ratio of Cleveland-Cliffs for the last nine years is 20.25. The current price-to-earnings ratio of 190.75 is in line with the historical average. Analyzing the last nine years, CLF's PE ratio reached its highest point in the Jun 2024 quarter at 192.38, when the price was $15.39 and the EPS was $0.08. 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.
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 |
Currently, CLF's PE ratio is above its 3, 5 and 10-year averages.
CLF's PE ratio is above its peer stocks ACI and X. Cleveland-Cliffs's current PE ratio of 190.75 is in line with the average of its peers, which is 7.63.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BTU Peabody Energy Corp | 5.64 | $2.8B |
| CNX CNX Resources Corp | 7.68 | $3.83B |
| X United States Steel Corp | 10.53 | $9.16B |
| ACI Albertsons Companies Inc | 10.54 | $11.84B |
| CLF Cleveland-Cliffs Inc | 193.38 | $7.24B |
As of Jul 25, 2024, CLF stock has a price to earnings ratio of 190.75.
The average PE ratio for CLF stock over the past 3 years is 29.36.
The average PE ratio for CLF stock over the past 5 years is 25.95.
Over the last nine years, the quarterly PE ratio reached its highest level at 192.38 in the Jun 2024 quarter.
The current PE ratio of CLF is 842% higher than the 9-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
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 (Jul 25, 2024), Cleveland-Cliffs's share price is $15.26. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $0.08. Therefore, Cleveland-Cliffs's price to earnings ratio for today is 190.75. PE RATIO(190.75) = STOCK PRICE($15.26) / TTM EPS($0.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.