P/E ratio for Cleveland-Cliffs (CLF)
P/E ratio as of October 2023 (TTM): 33.5
According to Cleveland-Cliffs's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.5. At the end of 2021 the company had a P/E ratio of 3.81.
P/E ratio history for Cleveland-Cliffs from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.81 | -109.41% |
| 2020 | -40.4 | -620% |
| 2019 | 7.78 | 283.33% |
| 2018 | 2.03 | -65.1% |
| 2017 | 5.81 | -36.39% |
| 2016 | 9.14 | -3073.82% |
| 2015 | -0.3074 | 103.59% |
| 2014 | -0.1510 | -101.39% |
| 2013 | 10.9 | -277.92% |
| 2012 | -6.11 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ArcelorMittal MT | 5.15 | -84.63% | 🇱🇺 Luxembourg |
 Vale VALE | 5.47 | -83.68% | 🇧🇷 Brazil |
 U.S. Steel
X | 5.55 | -83.43% | 🇺🇸 USA |
 Peabody Energy
BTU | 2.52 | -92.47% | 🇺🇸 USA |
 CNX Resources
CNX | 1.99 | -94.06% | 🇺🇸 USA |
 Albertsons ACI | 10.4 | -68.97% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.