Cleveland-Cliffs Inc. (CLF) Stock Valuation — PE Analysis
Steel · NYSE
Current Price
$13.78
PE Ratio (TTM)
n/m
Intrinsic Value
Use the calculator below to estimate
COMPETITIVE MOAT
↑US Steel Production Dominance
CLF is the largest flat-rolled steel producer in North America. This scale provides significant operational efficiencies and market leverage.
↑Integrated Mining Operations
Owning its iron ore mines reduces input cost volatility and ensures a stable supply chain. This vertical integration is a key competitive advantage.
↑Tariff Protection Tailwinds
Potential for renewed US tariffs on imported steel creates a more favorable pricing environment for domestic producers like CLF. This policy support bolsters margins.
INVESTMENT RISKS
↓Cyclical Industry Demand
Steel demand is highly sensitive to economic cycles and industrial production. Downturns can significantly impact CLF's sales and profitability.
↓Commodity Price Fluctuations
The price of steel and its raw materials can be volatile. Unfavorable price swings can compress margins and impact earnings.
↓Intense Competition
The global steel market is competitive, with both domestic and international players. CLF faces pressure from other large producers.
Customize the CLF PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Cleveland-Cliffs Inc. respond.
Open PE Calculator for CLFCompany Overview
Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.
Financial Metrics — CLF PE Stock Valuation Data
PE Ratio (TTM)
n/m
PEG Ratio
0.34
Earnings Yield
-15.61%
ROE (TTM)
-20.9%
Revenue/Share (TTM)
$33.50
Debt/Equity
1.33x
Frequently Asked Questions
What is the PE ratio of CLF?
The trailing twelve-month PE ratio of CLF reflects how much investors pay per dollar of Cleveland-Cliffs Inc.'s earnings. This metric is most useful when compared to Steel peers and the company's own historical range.
Is CLF overvalued based on PE ratio?
CLF's PE of -6.4x combined with a PEG ratio of 0.34 provides a growth-adjusted perspective. A PEG below 1.0 suggests CLF may be undervalued relative to its earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Steel, a DCF analysis may be more appropriate.
How do I value CLF stock using PE ratio?
To value Cleveland-Cliffs Inc. using PE: (1) Compare the current PE (-6.4x) against the Steel median to assess relative pricing, (2) check the PEG ratio (0.34) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of CLF?
CLF's PEG ratio is 0.34, calculated by dividing the PE ratio (-6.4x) by the expected earnings growth rate. A PEG below 1.0 is traditionally considered a sign of undervaluation — the market may not be fully pricing in the growth potential. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for CLF stock valuation?
PE ratio gives a quick relative read — how CLF is priced versus Steel peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See CLF DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Basic Materials valuationsP/E and DCF value CLF with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.