P/E ratio for Cleveland-Cliffs (CLF)

P/E ratio history for Cleveland-Cliffs from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
U.S. Steel X	6.92	-57.25%	🇺🇸 USA
ArcelorMittal MT	5.16	-68.10%	🇱🇺 Luxembourg
Vale VALE	4.67	-71.15%	🇧🇷 Brazil
CNX Resources CNX	2.76	-82.95%	🇺🇸 USA
Albertsons ACI	7.73	-52.25%	🇺🇸 USA
Peabody Energy BTU	3.15	-80.53%	🇺🇸 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.