Stock Valuation / CLF

Is Cleveland-Cliffs Inc. (CLF) Overvalued? Fair Value & 5-Year Target

Cleveland-Cliffs Inc. trades at $12.86 (P/E -8.09). Our reference model estimates a fair value of $-14.71 at its recent average P/E of 9.25.

What drives CLF's valuation

Changing either assumption moves the target: a higher P/E multiple or faster EPS growth raises fair value, a lower multiple or slower growth lowers it. The interactive dashboard lets you edit both and re-run the model instantly.

About Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is

Frequently asked questions

What is CLF's fair value?

At its recent average P/E of 9.25, Cleveland-Cliffs Inc. (CLF) has a reference fair value of about $-14.71, which is -214.4% versus the current price of $12.86.

Is Cleveland-Cliffs Inc. (CLF) overvalued or undervalued?

Based on the average-P/E reference model, Cleveland-Cliffs Inc. looks overvalued relative to fair value by roughly +214.4%. This is a model output, not investment advice — change the P/E and growth assumptions in the dashboard for your own view.

Open the interactive CLF valuation dashboard →

Figures are for informational purposes only and are not investment advice. Data as of 2026-10-14.