Cleveland-Cliffs
CLF
#1452
Rank
$10.73 B
Marketcap
$20.84
Share price
-3.52%
Change (1 day)
9.68%
Change (1 year)

P/E ratio for Cleveland-Cliffs (CLF)

P/E ratio as of February 2023 (TTM): 4.38

According to Cleveland-Cliffs's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.37815. 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
20213.81-109.41%
2020-40.4-620%
20197.78283.33%
20182.03-65.1%
20175.81-36.39%
20169.14-3073.82%
2015-0.3074103.59%
2014-0.1510-101.39%
201310.9-277.92%
2012-6.11

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
2.17-50.48%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
4.25-2.91%๐Ÿ‡ง๐Ÿ‡ท Brazil
2.28-47.99%๐Ÿ‡บ๐Ÿ‡ธ USA
3.29-24.84%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.23-196.60%๐Ÿ‡บ๐Ÿ‡ธ USA
8.76 99.97%๐Ÿ‡บ๐Ÿ‡ธ 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.