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Cleveland-Cliffs price to free cash flow CLF

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026
n/m
not a meaningful number
Last meaningful
9.8×
Feb 2025
10-year median
7.2×
10-year range
2.2× to 81.3×
Peer median
17.5×

Cleveland-Cliffs' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Feb 2025, at 9.8×.

On the days it had one over the last ten years, its median was 7.2×, from 2.2× in Sep 2022 to 81.3× in Sep 2018.

Price to free cash flow over time

The dashed line is the 10-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
20259.8×8.2×9.9×
20248.0×3.8×11.1×
20237.4×4.5×9.0×
20223.9×2.2×14.2×
202113.3×12.3×14.7×
20208.8×8.4×9.4×
20199.8×5.1×19.1×
201814.3×5.7×81.3×
20176.4×5.3×21.1×
201619.2×2.5×22.7×
20152.8×2.8×58.3×
20144.6×4.6×24.7×
2013n/m a value too high to mean anything
201216.8×5.8×17.2×
20115.4×5.2×13.0×

Against its peers

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

CompanyPrice to free cash flow
CLFCleveland-Cliffsn/m
NEUNewmarket16.9×
ESIElement Solutions58.8×
CTVACorteva13.2×
EMNEastman Chemical13.8×
AXTAAxalta Coating Systems14.8×
HLHecla Mining18.0×
AAAlcoa28.4×
HXLHexcel23.6×
CLXClorox25.8×
SSRMSSR Mining16.7×
Peer median17.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Cleveland-Cliffs

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