The current P/E ratio for Cleveland-Cliffs stock as of Sep 28, 2023 is 33.5. This is calculated based on the TTM EPS of $0.46 and the stock price of $15.41 per share. The PE ratio has increased by 105% from its last 4 quarters average of 16.4.
The average historical PE ratio of Cleveland-Cliffs for the last ten years is 14.43. The current price-to-earnings ratio of 33.5 is 132% 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.
Maximum annual increase: 292.08% in 2019
Maximum annual decrease: -64.12% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 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 |
| 2013 | 10.92 | 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 33.5 is in line with the average of its peers, which is 5.25.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CNX CNX Resources Corp | 2.08 | $3.66B |
| BTU Peabody Energy Corp | 2.57 | $3.46B |
| X United States Steel Corp | 5.47 | $7.26B |
| ACI Albertsons Companies Inc | 10.86 | $13.07B |
| CLF Cleveland-Cliffs Inc | 34.08 | $7.97B |
As of Sep 28, 2023, CLF stock has a price to earnings ratio of 33.5.
The average PE ratio for CLF stock over the past 3 years is 10.44.
The average PE ratio for CLF stock over the past 5 years is 10.67.
Over the last ten years, the quarterly PE ratio reached its highest level at 61.33 in the Jun 2020 quarter.
The current PE ratio of CLF is 132% higher than the 10-year historical average.
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 (Sep 28, 2023), Cleveland-Cliffs's share price is $15.41. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $0.46. Therefore, Cleveland-Cliffs's price to earnings ratio for today is 33.5. PE RATIO(33.5) = STOCK PRICE($15.41) / TTM EPS($0.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.