US · CLF
Cleveland-Cliffs Inc.
- Sector
- Basic Materials · Steel
- Headquarters
- Cleveland, OH 44114-2315
- Website
- clevelandcliffs.com
Price · as of 2025-12-31
$10.51
Market cap 6.08B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $13.80 | +31.3% |
| Intrinsic Value(DCF) | $4.56 | -56.61% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $54.64 | $90.53 | $1,771.41 | $78.05 | $593.05 |
| 2012 | $22.12 | $16.19 | $110.68 | $0.00 | $30.82 |
| 2013 | $17.11 | $14.16 | $0.00 | $41.02 | $14.34 |
| 2014 | $4.68 | $1.87 | $0.00 | $0.00 | $462.63 |
| 2015 | $2.23 | $29.71 | $0.00 | $0.00 | $224.05 |
| 2016 | $8.28 | $24.56 | $0.00 | $0.00 | $11.21 |
| 2017 | $7.04 | $27.25 | $0.00 | $2.21 | $23.50 |
| 2018 | $9.32 | $34.09 | $2.45 | $18.18 | $30.86 |
| 2019 | $5.10 | $23.92 | $0.58 | $0.27 | $0.00 |
| 2020 | $17.54 | $19.05 | $554.16 | $0.33 | $0.00 |
| 2021 | $25.86 | $93.87 | $400,691.70 | $34.58 | $1,485.43 |
| 2022 | $19.37 | $24.71 | $130,610.34 | $25.70 | $51.42 |
| 2023 | $20.99 | $21.93 | $11,551.74 | $17.41 | $3.07 |
| 2024 | $9.81 | $10.37 | $15.00 | $2.35 | $6.46 |
| 2025 | $11.40 | $13.80 | $0.00 | $0.00 | $0.00 |
AI valuation
Our deep-learning model estimates Cleveland-Cliffs Inc.'s (CLF) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $13.80
- Current price
- $10.51
- AI upside
- +31.3%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$4.56
-56.61% upside
Graham-Dodd
—
— upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| CLF | Cleveland-Cliffs Inc. | $10.51 | 6.08B | +31% | -57% | — | — | -3.93 | 0.92 | 0.30 | -304.99 | -4.31 | 1.77 | -4.10% | -7.29% | -7.94% | -22.35% | -6.73% | -6.97% | 1.34 | -2.28 | 1.95 | 0.45 | -180.31 | 9108.00% | -300.00% | 7339.00% | -18.23% | -0.14 | -7.15% | 0.00% | 0.00% | 0.00% | -10.12 | -13.42 | 0.74 | 1.10 |
| AG | First Majestic Silver Cor… | $32.01 | 15.72B | +56% | +8,361% | -78% | +43% | 90.31 | 5.50 | 11.85 | 22.77 | — | 5.50 | 34.81% | 27.84% | 13.12% | 8.17% | 11.08% | 5.03% | 0.11 | 23.64 | 2.60 | 2.39 | -0.75 | -20294.00% | 12818.00% | 85410.00% | 2.32% | 1.23 | 20.48% | 0.07% | 6.00% | 3.51% | 40.71 | 41.23 | 11.33 | 6.53 |
| CMC | Commercial Metals Company | $73.30 | 8.13B | -24% | -68% | -64% | -93% | 43.65 | 1.58 | 0.85 | 15.80 | — | 1.84 | 15.65% | 6.67% | 1.09% | 3.57% | 8.96% | 2.17% | 0.32 | 11.43 | 2.78 | 1.78 | 0.71 | -8213.00% | -161.00% | -4574.00% | 4.71% | 0.57 | 6.84% | 1.23% | 53.70% | 4.68% | 13.34 | 22.21 | 0.89 | 3.92 |
| EMN | Eastman Chemical Company | $75.51 | 8.61B | +2% | -60% | — | -91% | 18.22 | 1.45 | 0.99 | 10.20 | — | 6.51 | 21.07% | 10.64% | 5.42% | 8.07% | 7.53% | 3.15% | 0.85 | 4.48 | 1.37 | 0.59 | 3.50 | -4654.00% | -671.00% | -3837.00% | 4.91% | 0.37 | 4.10% | 4.41% | 80.40% | 5.57% | 14.12 | 31.00 | 1.50 | 2.42 |
| GGB | Gerdau S.A. | $4.04 | 8.1B | -11% | -61% | -33% | -60% | 30.86 | 0.80 | 0.61 | 5.60 | — | 1.05 | 11.41% | 8.35% | 1.99% | 2.49% | 5.15% | 1.65% | 0.29 | — | 2.89 | 1.13 | 1.04 | -6835.00% | 422.00% | -7597.00% | 3.05% | 0.81 | 2.05% | 3.00% | 92.70% | 5.74% | 8.91 | 39.82 | 0.74 | 2.68 |
| HBM | Hudbay Minerals Inc. | $28.33 | 11.22B | +8% | -7% | -47% | -14% | 18.28 | 3.28 | 4.80 | 10.86 | 2.90 | 3.36 | 29.07% | 25.53% | 26.28% | 20.02% | 10.08% | 9.89% | 0.34 | 7.49 | 0.95 | 0.77 | 0.51 | 63000.00% | 891.00% | -3763.00% | 1.87% | 0.55 | 5.73% | 0.05% | 1.00% | 1.16% | 19.75 | 56.09 | 5.04 | 2.87 |
| LPX | Louisiana-Pacific Corpora… | $84.74 | 5.92B | -30% | -57% | -79% | -99% | 40.07 | 3.38 | 2.16 | 14.71 | — | 3.45 | 21.75% | 9.60% | 5.39% | 8.58% | 10.91% | 5.62% | 0.23 | 17.33 | 2.78 | 1.44 | 0.27 | -6469.00% | -792.00% | -7844.00% | 1.56% | 1.31 | 5.13% | 1.33% | 53.40% | 2.38% | 22.92 | 65.48 | 2.20 | 6.38 |
| NEU | NewMarket Corporation | $626.01 | 5.88B | 0% | -58% | -77% | -57% | 14.02 | 3.30 | 2.15 | 10.14 | — | 7.01 | 31.46% | 19.95% | 15.37% | 25.85% | 15.91% | 12.65% | 0.54 | 13.70 | 2.53 | 1.19 | 1.33 | -784.00% | -220.00% | 629.00% | 8.37% | 1.36 | 19.25% | 1.80% | 25.30% | 4.78% | 12.42 | 13.75 | 2.48 | 4.24 |
| OR | OR Royalties Inc. | $47.39 | 8.89B | -17% | -60% | -79% | +146% | 43.52 | 6.38 | 32.34 | 36.94 | 3.73 | 6.77 | 83.38% | 72.92% | 74.30% | 18.27% | 16.03% | 16.28% | 0.01 | 45.20 | 4.53 | 4.45 | -0.55 | 116667.00% | 10258.00% | 23697.00% | 2.33% | 7.67 | 19.38% | 0.39% | 16.90% | 2.57% | 43.70 | 42.35 | 31.87 | 38.88 |
| TX | Ternium S.A. | $43.47 | 8.53B | -12% | -60% | -28% | — | 20.04 | 0.71 | 0.55 | 5.63 | — | 0.78 | 15.00% | 4.52% | 2.72% | 3.56% | 3.08% | 1.82% | 0.22 | 3.28 | 2.49 | 1.19 | 0.76 | -91481.00% | -1156.00% | -55959.00% | -2.20% | 0.59 | -1.76% | 6.22% | 124.60% | 6.22% | 11.33 | -42.70 | 0.51 | 1.74 |
About Cleveland-Cliffs Inc.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
- CEO
- C. Lourenco Goncalves
- Employees
- 30K
- Beta
- 1.96
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($4.56 ÷ $10.51) − 1 = -56.61% (DCF, example).