Cleveland-Cliffs CLF
NYSE CLF
$12.09 -0.20 (-1.67%)
As of: Sep 9, 2026 · 3:59 PM EDT

Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026)

Cleveland-Cliffs' (CLF) quarterly EV to EBITDA came in at 112.27 in Q2 2026, down 1334.31% year-over-year from 9.1 in Q2 2025, and down 380.98% quarter-over-quarter from 23.34 in Q1 2026.

Analysis

Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has reported EV to EBITDA for 18 consecutive years, with 112.27 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBITDA fell 1334.31% year-over-year to 112.27 in Q2 2026; TTM through Jun 2026 was 6.9, a 211.54% decrease from a year earlier, with the FY2025 full-year figure at 4.89, up 22.68% from the prior year.
  • EV to EBITDA was 112.27 for Q2 2026 at Cleveland-Cliffs, down from 23.34 in the prior quarter.
  • Over five years, EV to EBITDA peaked at 1225.85 in Q2 2024 and troughed at 310.61 in Q1 2023.
  • A 5-year average of 19.91 and a median of 16.84 in 2024 frame the typical range for EV to EBITDA.
  • Across the five-year window, EV to EBITDA sank 2083.11% in 2023 and jumped 6679.52% in 2024, its largest moves.
  • Over 5 years, EV to EBITDA stood at 46.68 in 2022, then sank by 87.86% to 87.68 in 2023, then jumped by 88.17% to 10.37 in 2024, then plunged by 124.8% to 23.31 in 2025, then plunged by 381.59% to 112.27 in 2026.
  • The last three EV to EBITDA figures came in at 112.27 (Q2 2026), 23.34 (Q1 2026), and 23.31 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ternium 116.34 Bn 110.88 Bn 941.02 Mn
2 Nucor 59.22 Bn 57.68 Bn 2.03 Bn
3 Steel Dynamics 34.76 Bn 33.98 Bn 958.97 Mn
4 Gerdau 9.98 Bn 8.94 Bn 558.98 Mn
5 Commercial Metals 7.78 Bn 7.22 Bn 455.14 Mn
6 Cleveland-Cliffs 7.13 Bn 7.27 Bn 132.00 Mn
7 Posco Holdings 4.74 Bn -4.93 Bn 1.11 Bn
8 GRUPO SIMEC, S.A.B. de C.V 4.41 Bn 2.86 Bn -
9 National Steel 1.62 Bn -1.21 Bn 579.08 Mn
10 SunCoke Energy 876.76 Mn 861.96 Mn 100.40 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -112.27
Mar 31, 2026 -23.34
Dec 31, 2025 -23.31
Sep 30, 2025 -30.44
Jun 30, 2025 -7.83
Mar 31, 2025 -7.80
Dec 31, 2024 -10.37
Sep 30, 2024 -23.68
Jun 30, 2024 1,225.85
Mar 31, 2024 -290.09
Dec 31, 2023 -87.68
Sep 30, 2023 24.93
Jun 30, 2023 18.08
Mar 31, 2023 -310.61
Dec 31, 2022 -46.68
Sep 30, 2022 38.21
Jun 30, 2022 9.72
Mar 31, 2022 15.66
Dec 31, 2021 9.94
Sep 30, 2021 6.16