Cleveland-Cliffs (CLF) Price to Book (2009 - 2026)
Cleveland-Cliffs' (CLF) quarterly Price to Book came in at 0.92 in Q2 2026, up 47.1% year-over-year from 0.63 in Q2 2025, and up 14.99% quarter-over-quarter from 0.8 in Q1 2026.
Analysis
Cleveland-Cliffs (CLF) Price to Book (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Price to Book for 18 consecutive years, with 0.92 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Book rose 47.1% year-over-year to 0.92 in Q2 2026; TTM through Jun 2026 was 0.92, a 47.1% increase from a year earlier, with the FY2025 full-year figure at 1.2, up 76.98% from the prior year.
- Price to Book was 0.92 for Q2 2026 at Cleveland-Cliffs, up from 0.8 in the prior quarter.
- Over five years, Price to Book peaked at 2.56 in Q1 2022 and troughed at 0.63 in Q2 2025.
- A 5-year average of 1.08 and a median of 1.01 in 2024 frame the typical range for Price to Book.
- Across the five-year window, Price to Book slumped 62.64% in 2022 and jumped 76.98% in 2025, its largest moves.
- Over 5 years, Price to Book stood at 1.03 in 2022, then advanced by 23.65% to 1.27 in 2023, then plunged by 46.89% to 0.68 in 2024, then jumped by 76.98% to 1.2 in 2025, then fell by 23.05% to 0.92 in 2026.
- The last three Price to Book figures came in at 0.92 (Q2 2026), 0.8 (Q1 2026), and 1.2 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ternium | 114.02 Bn | 104.12 Bn | 941.02 Mn |
| 2 | Nucor | 58.75 Bn | 56.06 Bn | 2.03 Bn |
| 3 | Steel Dynamics | 34.64 Bn | 34.06 Bn | 958.97 Mn |
| 4 | Gerdau | 10.07 Bn | 9.00 Bn | 558.98 Mn |
| 5 | Commercial Metals | 7.63 Bn | 7.07 Bn | 455.14 Mn |
| 6 | Cleveland-Cliffs | 6.92 Bn | 6.85 Bn | 132.00 Mn |
| 7 | Posco Holdings | 4.73 Bn | -4.95 Bn | 1.11 Bn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - |
| 9 | National Steel | 1.76 Bn | -1.07 Bn | 579.08 Mn |
| 10 | SunCoke Energy | 874.57 Mn | 831.87 Mn | 100.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.92 |
| Mar 31, 2026 | 0.80 |
| Dec 31, 2025 | 1.20 |
| Sep 30, 2025 | 1.06 |
| Jun 30, 2025 | 0.63 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.68 |
| Sep 30, 2024 | 0.85 |
| Jun 30, 2024 | 0.98 |
| Mar 31, 2024 | 1.46 |
| Dec 31, 2023 | 1.27 |
| Sep 30, 2023 | 0.95 |
| Jun 30, 2023 | 1.06 |
| Mar 31, 2023 | 1.21 |
| Dec 31, 2022 | 1.03 |
| Sep 30, 2022 | 0.96 |
| Jun 30, 2022 | 1.14 |
| Mar 31, 2022 | 2.56 |
| Dec 31, 2021 | 1.89 |
| Sep 30, 2021 | 2.31 |