Cleveland-CliffsMEX:CLF +2.10%63 Days Payable is 35.57 as of Mar. 2026, which is 6% below its 10-year median of 37.95. GuruFocus rates MEX:CLF with a GF Score™ of 63/100 and a GF Value™ of MXN208.19 (Fairly Valued). The stock has 7 warning signs investors should review. Among 602 Steel companies, Cleveland-Cliffs ranks worse than 54.98% on this metric.
The historical rank and industry rank for Cleveland-Cliffs's Days Payable or its related term are showing as below:
MEX:CLF'
s Days Payable Range Over the Past 10 Years
Min: 27.03 Med: 37.95 Max: 63.24
Current: 36.73
During the past 13 years, Cleveland-Cliffs's highest Days Payable was 63.24. The lowest was 27.03. And the median was 37.95.
MEX:CLF's Days Payable is ranked worse than 54.98% of 602
companies
in the Steel industry
Industry Median: 41.4
vs MEX:CLF: 36.73
Cleveland-Cliffs's Days Payable
declined
from Mar. 2025 (36.93) to Mar. 2026 (35.57).
It may suggest that Cleveland-Cliffsaccelerated paying its suppliers.
Cleveland-Cliffs Days Payable Related Terms
Cleveland-Cliffs Days Payable Historical Data
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The historical data trend for Cleveland-Cliffs's Days Payable 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.
For the Steel subindustry, Cleveland-Cliffs's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Days Payable distribution charts can be found below:
* The bar in red indicates where Cleveland-Cliffs's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Cleveland-Cliffs's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (MEX:CLF) has a Days Payable of 35.57 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cleveland-Cliffs and its competitors. This is near median its historical median of 37.95. Over the past decade, Cleveland-Cliffs' Days Payable has ranged from 27.03 to 63.24. According to the industry distribution chart, Cleveland-Cliffs ranks #331 out of 602 companies in the Steel industry, placing it in the top 55%.
Is Cleveland-Cliffs' Days Payable too high?
Cleveland-Cliffs' current Days Payable of 35.57 is near median its 10-year median of 37.95. Over the past 10 years, this metric has ranged from a low of 27.03 to a high of 63.24. The Steel industry median Days Payable is 41.40. Cleveland-Cliffs' value of 35.57 is 14.1% below this industry median. Based on the distribution chart, Cleveland-Cliffs ranks #331 out of 602 companies in the Steel industry, which is below the industry midpoint. Overall, Cleveland-Cliffs has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' Days Payable compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #331 out of 602 companies for Days Payable. This places Cleveland-Cliffs in the lower half of its industry. The industry median Days Payable is 41.40. Cleveland-Cliffs' value of 35.57 is 14.1% below this benchmark. Historically, Cleveland-Cliffs' own Days Payable has ranged from 27.03 to 63.24 over the past decade. While the company's 10-year median is 37.95 vs. the industry median of 41.40, Cleveland-Cliffs has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.40, based on 602 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cleveland-Cliffs's current Days Payable of 35.57 is 14.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cleveland-Cliffs and its competitors. For the Steel industry, the median Days Payable is 41.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current Days Payable is 35.57, which is near median its own 10-year median of 37.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleveland-Cliffs stock overvalued right now?
Based on GuruFocus' analysis, Cleveland-Cliffs (MEX:CLF) is currently considered Fairly Valued. The stock's GF Value™ is MXN208.19, compared to a current price of MXN188.88 — trading 9.3% below its estimated fair value. The current Days Payable is 35.57, which is near median its 10-year median of 37.95 and 14.1% below the Steel industry median of 41.40. Cleveland-Cliffs' overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current Days Payable is 35.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cleveland-Cliffs (MEX:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleveland-Cliffs stock appears to be undervalued.
The current stock price of MXN188.88 is trading 9.3% below its estimated GF Value™ of MXN208.19.
GuruFocus considers Cleveland-Cliffs to be Fairly Valued.
Key valuation signals for MEX:CLF:
Days Payable: 35.57 (near median its 10-year median of 37.95)
GF Value™: MXN208.19 vs. price of MXN188.88 (9.3% below fair value)
Industry Position: 14.1% below the Steel median (#331 of 602)
No single metric tells the full story. See the MEX:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
63GF Score
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