CLF
Cleveland-Cliffs
PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: CLF
- PE Ratio
The current P/E ratio of CLF cannot be calculated, as the latest EPS of -$2.32 is negative. The last recorded PE ratio for Cleveland-Cliffs was 307.8 in June 2024.
CLF PE ratio history
The average historical PE ratio of Cleveland-Cliffs for the last ten years is 24.66. Analyzing the last ten years, CLF's PE ratio reached its highest point in the Jun 2024 quarter at 307.8, when the price was $15.39 and the EPS was $0.05. 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.
Cleveland-Cliffs PE ratio by year
Maximum annual increase: 334.29% in 2023
Maximum annual decrease: -64.12% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | N/A | N/A | $13.28 | -$2.91 |
| 2024 | N/A | N/A | $9.4 | -$1.58 |
| 2023 | 27.23 | 334.29% | $20.42 | $0.75 |
| 2022 | 6.27 | 62.02% | $16.11 | $2.57 |
| 2021 | 3.87 | N/A | $21.77 | $5.63 |
| 2020 | N/A | N/A | $14.56 | -$0.32 |
| 2019 | 7.92 | 292.08% | $8.4 | $1.06 |
| 2018 | 2.02 | -64.12% | $7.69 | $3.8 |
| 2017 | 5.63 | -41.11% | $7.21 | $1.28 |
| 2016 | 9.56 | N/A | $8.41 | $0.88 |
| 2015 | N/A | N/A | $1.58 | -$5.14 |
| 2014 | N/A | N/A | $7.14 | -$47.52 |
| 2013 | 10.92 | N/A | $26.21 | $2.4 |
| 2012 | N/A | N/A | $38.57 | -$6.32 |
| 2011 | 5.4 | -47.83% | $62.35 | $11.55 |
Cleveland-Cliffs PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | N/A | N/A | $8.45 | -$2.32 |
| Dec 2025 | N/A | N/A | $13.28 | -$2.91 |
| Sep 2025 | N/A | N/A | $12.2 | -$3.41 |
| Jun 2025 | N/A | N/A | $7.6 | -$3.42 |
| Mar 2025 | N/A | N/A | $8.22 | -$2.45 |
| Dec 2024 | N/A | N/A | $9.4 | -$1.58 |
| Sep 2024 | N/A | N/A | $12.77 | -$0.99 |
| Jun 2024 | 307.8 | 888.12% | $15.39 | $0.05 |
| Mar 2024 | 31.15 | 14.4% | $22.74 | $0.73 |
| Dec 2023 | 27.23 | 18.44% | $20.42 | $0.75 |
| Sep 2023 | 22.99 | -36.89% | $15.63 | $0.68 |
| Jun 2023 | 36.43 | 82.88% | $16.76 | $0.46 |
| Mar 2023 | 19.92 | 217.7% | $18.33 | $0.92 |
| Dec 2022 | 6.27 | 120.77% | $16.11 | $2.57 |
| Sep 2022 | 2.84 | 27.35% | $13.47 | $4.74 |
CLF Price vs fair value
CLF average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
PE comparison
CLF PE vs peers
| Stock name | PE ratio | Market cap |
|---|---|---|
| CNX CNX Resources Corp | 3.97 | $4.69B |
| ACI Albertsons Companies Inc | 38.53 | $7.62B |
| BTU Peabody Energy Corp | N/A | $3.34B |
| CLF Cleveland-Cliffs Inc | N/A | $7.86B |
Frequently asked questions
What is Cleveland-Cliffs's PE ratio?
The current price to earnings ratio of CLF cannot be determined, as its EPS of -$2.32 is negative.
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 85.12.
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 37.16.
What is the highest PE ratio for CLF?
Over the last ten years, the quarterly PE ratio reached its highest level at 307.8 in the Jun 2024 quarter.
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.