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CLF (Cleveland-Cliffs) Cyclically Adjusted Price-to-FCF : 5.83 (As of Jun. 01, 2025)


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What is Cleveland-Cliffs Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), Cleveland-Cliffs's current share price is $5.83. Cleveland-Cliffs's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $1.00. Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF for today is 5.83.

The historical rank and industry rank for Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CLF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.51   Med: 5.09   Max: 825
Current: 5.84

During the past years, Cleveland-Cliffs's highest Cyclically Adjusted Price-to-FCF was 825.00. The lowest was 0.51. And the median was 5.09.

CLF's Cyclically Adjusted Price-to-FCF is ranked better than
78.9% of 237 companies
in the Steel industry
Industry Median: 10.46 vs CLF: 5.84

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cleveland-Cliffs's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $-1.016. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.00 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Chart

Cleveland-Cliffs Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.89 554.85 18.27 19.26 10.41

Cleveland-Cliffs Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.47 10.97 10.47 10.41 8.23

Competitive Comparison of Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF falls into.


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Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.83/1.00
=5.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cleveland-Cliffs's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Cleveland-Cliffs's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.016/134.9266*134.9266
=-1.016

Current CPI (Mar. 2025) = 134.9266.

Cleveland-Cliffs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.251 100.684 -0.336
201509 1.078 100.392 1.449
201512 0.481 99.792 0.650
201603 -0.796 100.470 -1.069
201606 0.528 101.688 0.701
201609 0.319 101.861 0.423
201612 0.883 101.863 1.170
201703 -0.200 102.862 -0.262
201706 0.237 103.349 0.309
201709 0.363 104.136 0.470
201712 0.195 104.011 0.253
201803 -0.721 105.290 -0.924
201806 0.168 106.317 0.213
201809 0.508 106.507 0.644
201812 0.619 105.998 0.788
201903 -0.847 107.251 -1.066
201906 0.335 108.070 0.418
201909 0.279 108.329 0.348
201912 -0.056 108.420 -0.070
202003 -1.013 108.902 -1.255
202006 -0.699 108.767 -0.867
202009 0.378 109.815 0.464
202012 -0.838 109.897 -1.029
202103 -0.902 111.754 -1.089
202106 0.597 114.631 0.703
202109 2.452 115.734 2.859
202112 1.704 117.630 1.955
202203 0.558 121.301 0.621
202206 1.203 125.017 1.298
202209 0.555 125.227 0.598
202212 0.506 125.222 0.545
202303 -0.441 127.348 -0.467
202306 1.471 128.729 1.542
202309 1.189 129.860 1.235
202312 0.964 129.419 1.005
202403 -0.081 131.776 -0.083
202406 0.764 132.554 0.778
202409 -0.502 133.029 -0.509
202412 -1.393 133.157 -1.412
202503 -1.016 134.927 -1.016

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cleveland-Cliffs  (NYSE:CLF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cleveland-Cliffs Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cleveland-Cliffs's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cleveland-Cliffs Business Description

Industry
Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Executives
James D Graham officer: EVP, Chief Legal Officer & Sec 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
John T Baldwin director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Keith Koci officer: EVP, Chief Financial Officer ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056
Michael Ralph S Iii director
Goncalves Celso L Jr officer: EVP, CFO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Douglas C Taylor director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Lourenco Goncalves director, officer: Chairman, President & CEO
Susan Miranda Green director 11211 LANDY COURT, KENSINGTON MD 20895
Arlene M Yocum director 99 PINE STREET, ALBANY NY 12207
Terry G. Fedor officer: EVP, United States Iron Ore 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
Clifford T Smith officer: EVP, Seaborne Iron Ore 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Janet L Miller director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Fisher Robert P Jr director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
Arcelormittal North America Holdings Llc other: Former 10% Owner 1 SOUTH DEARBORN STREET, 13TH FLOOR, CHICAGO IL 60603
Rcelormittal other: Former 10% Owner 24-26, BOULEVARD D?AVRANCHES, L-1160 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG N4 00000

Cleveland-Cliffs Headlines

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