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ArcelorMittalMEX:MT 60 Debt-to-EBITDA is 4.02 as of Mar. 2026, which is 112% above its 10-year median of 1.90. GuruFocus rates MEX:MT with a GF Score™ of 60/100 and a GF Value™ of MXN491.85 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 495 Steel companies, ArcelorMittal ranks worse than 56.77% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for ArcelorMittal's Debt-to-EBITDA or its related term are showing as below:
MEX:MT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.4 Med: 1.9 Max: 7.84
Current: 3.49
During the past 13 years, the highest Debt-to-EBITDA Ratio of ArcelorMittal was 7.84. The lowest was 0.40. And the median was 1.90.
MEX:MT's Debt-to-EBITDA is ranked worse than 56.77% of 495
companies
in the Steel industry
Industry Median: 2.87
vs MEX:MT: 3.49
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
ArcelorMittal Debt-to-EBITDA Related Terms
ArcelorMittal Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ArcelorMittal's Debt-to-EBITDA 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.
MEX:MT vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, ArcelorMittal's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
ArcelorMittal Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ArcelorMittal's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
ArcelorMittal (MEX:MT) has a Debt-to-EBITDA of 4.02 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ArcelorMittal. This is 112% above median its historical median of 1.90. Over the past decade, ArcelorMittal's Debt-to-EBITDA has ranged from 0.40 to 7.84. According to the industry distribution chart, ArcelorMittal ranks #281 out of 495 companies in the Steel industry, placing it in the top 56.8%.
Is ArcelorMittal's Debt-to-EBITDA too high?
ArcelorMittal's current Debt-to-EBITDA of 4.02 is 112% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 7.84. The Steel industry median Debt-to-EBITDA is 2.87. ArcelorMittal's value of 4.02 is 40.1% above this industry median. Based on the distribution chart, ArcelorMittal ranks #281 out of 495 companies in the Steel industry, which is below the industry midpoint. Overall, ArcelorMittal has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal ranks #281 out of 495 companies for Debt-to-EBITDA. This places ArcelorMittal in the lower half of its industry. The industry median Debt-to-EBITDA is 2.87. ArcelorMittal's value of 4.02 is 40.1% above this benchmark. Historically, ArcelorMittal's own Debt-to-EBITDA has ranged from 0.40 to 7.84 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 2.87, ArcelorMittal has consistently been above 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 Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.87, based on 495 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ArcelorMittal's current Debt-to-EBITDA of 4.02 is 40.1% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ArcelorMittal. For the Steel industry, the median Debt-to-EBITDA is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal's current Debt-to-EBITDA is 4.02, which is 112% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArcelorMittal stock overvalued right now?
Based on GuruFocus' analysis, ArcelorMittal (MEX:MT) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN491.85, compared to a current price of MXN1,170.00 — trading 137.9% above its estimated fair value. The current Debt-to-EBITDA is 4.02, which is 112% above median its 10-year median of 1.90 and 40.1% above the Steel industry median of 2.87. ArcelorMittal's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For ArcelorMittal (MEX:MT), the current Debt-to-EBITDA is 4.02 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 ArcelorMittal (MEX:MT) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal stock appears to be overvalued.
The current stock price of MXN1,170.00 is trading 137.9% above its estimated GF Value™ of MXN491.85.
GuruFocus considers ArcelorMittal to be Significantly Overvalued.
Key valuation signals for MEX:MT:
Debt-to-EBITDA: 4.02 (112% above median its 10-year median of 1.90)
GF Value™: MXN491.85 vs. price of MXN1,170.00 (137.9% above fair value)
Industry Position: 40.1% above the Steel median (#281 of 495)
No single metric tells the full story. See the MEX:MT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ArcelorMittal SA is an integrated steel and mining company. The company's reportable operating segments include North America, Brazil, Europe, India and JVs, Sustainable Solutions, and Mining. It generates maximum revenue from the Europe segment. The Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold to customers in the automotive, general, and packaging sectors, as well as producing long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from the United States, followed by Brazil, Canada, Mexico, Argentina, and other markets.
60GF Score
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