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.
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 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
![]() ArcelorMittal MT | 5.15 | -84.63% | ๐ฑ๐บ Luxembourg |
![]() Vale VALE | 5.47 | -83.68% | ๐ง๐ท Brazil |
![]() U.S. Steel
X | 5.55 | -83.43% | ๐บ๐ธ USA |
![]() Peabody Energy
BTU | 2.52 | -92.47% | ๐บ๐ธ USA |
![]() CNX Resources
CNX | 1.99 | -94.06% | ๐บ๐ธ USA |
![]() Albertsons ACI | 10.4 | -68.97% | ๐บ๐ธ USA |
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.