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Cleveland-Cliffs price to book ratio CLF

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
1.4×
8-year median
1.3×
Against its 8-year history
54th
percentile: 0 is its lowest day, 100 its highest
8-year range
0.5× to 11.7×
Peer median
2.9×

Cleveland-Cliffs' price to book ratio is 1.4× as of Oct 23, 2026.

That is above its 8-year median of 1.3×, close to the middle of its last 8 years.

Over that time it ranged from 0.5× in May 2025 to 11.7× in Jul 2019.

The median for 10 materials stocks of a similar size is 2.9×.

Price to book ratio over time

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.4×0.7×1.4×
20251.3×0.5×1.3×
20240.7×0.7×1.4×
20231.3×0.9×1.6×
20221.2×1.0×3.2×
20212.7×2.5×8.9×
20207.2×1.8×7.2×
20196.2×5.4×11.7×
2018n/m a value too high to mean anything
2017n/m a value too high to mean anything
2016n/m a value too high to mean anything
201534.7×31.3×44.4×
201431.5×0.2×55.7×
20130.7×0.4×0.9×
20120.8×0.6×1.9×
20111.6×1.3×3.6×
20103.1×2.2×4.0×
20092.5×1.5×2.6×

Against its peers

Companies in Basic Materials nearest Cleveland-Cliffs' size, closest first, today.

CompanyPrice to book ratio
CLFCleveland-Cliffs1.4×
NEUNewmarket4.4×
ESIElement Solutions2.9×
CTVACorteva0.3×
EMNEastman Chemical1.2×
AXTAAxalta Coating Systems2.9×
HLHecla Mining3.5×
AAAlcoa1.4×
HXLHexcel4.6×
CLXClorox116×
SSRMSSR Mining1.7×
Peer median2.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Cleveland-Cliffs

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.