Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026)
Cleveland-Cliffs' EV to EBITDA was 8.42 in Q3 2026, down 56.5% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cleveland-Cliffs' EV to EBITDA was 8.20 through Sep 30, 2026; for FY2024, it came in at 25.65, up 304.6% from FY2023.
- EV to EBITDA has now increased for three consecutive years.
- In earlier years, EV to EBITDA was 6.34 in FY2023 (+121.9%), 2.86 in FY2022 (+26.1%), 2.27 in FY2021 (-93.4%) and 34.51 in FY2020 (+826.0%).
- The Q3 2026 figure marks the lowest quarterly EV to EBITDA since Q2 2024.
- The best year-over-year quarter for EV to EBITDA over five years was Q2 2023 (growth of 328.3%); the worst was Q4 2021 (a decline of 93.4%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn |
| 10 | Cleveland-Cliffs | 7.45 Bn | 7.20 Bn | 465.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.42 |
| Jun 30, 2026 | 19.37 |
| Dec 31, 2024 | 24.99 |
| Sep 30, 2024 | 11.95 |
| Jun 30, 2024 | 6.58 |
| Mar 31, 2024 | 6.83 |
| Dec 31, 2023 | 6.34 |
| Sep 30, 2023 | 5.13 |
| Jun 30, 2023 | 6.11 |
| Mar 31, 2023 | 5.38 |
| Dec 31, 2022 | 2.86 |
| Sep 30, 2022 | 1.68 |
| Jun 30, 2022 | 1.43 |
| Mar 31, 2022 | 2.90 |
| Dec 31, 2021 | 2.27 |
| Sep 30, 2021 | 2.68 |
| Jun 30, 2021 | 5.48 |
| Mar 31, 2021 | 16.99 |
| Dec 31, 2020 | 34.51 |
| Sep 30, 2020 | 73.63 |
API Access
Cleveland-Cliffs EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();