Mechel PAO (MIC:MTLR) EV-to-EBITDA: 29.89 (As of Aug. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIC:MTLR Mechel PAO MIC:MTLR
17 GF Score
Price ₽37.41
View Full Analysis

What is Mechel PAO EV-to-EBITDA?

Mechel PAO MIC:MTLR +1.16% 17 EV-to-EBITDA is 29.89 as of Aug. 23, 2026. GuruFocus rates MIC:MTLR with a GF Score™ of 17/100.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Mechel PAO's enterprise value is ₽348,627 Mil. Mechel PAO's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was ₽11,664 Mil. Therefore, Mechel PAO's EV-to-EBITDA for today is 29.89.

The historical rank and industry rank for Mechel PAO's EV-to-EBITDA or its related term are showing as below:

MIC:MTLR's EV-to-EBITDA is not ranked *
in the Steel industry.
Industry Median: 9.525
* Ranked among companies with meaningful EV-to-EBITDA only.

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-23), Mechel PAO's stock price is ₽37.41. Mechel PAO's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-8.590. Therefore, Mechel PAO's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Mechel PAO  (MIC:MTLR) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Mechel PAO's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=37.41/-8.590
=At Loss

Mechel PAO's share price for today is ₽37.41.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mechel PAO's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-8.590.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Mechel PAO EV-to-EBITDA Related Terms


Mechel PAO EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mechel PAO's EV-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.

Mechel PAO EV-to-EBITDA Chart

Mechel PAO Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.35 6.38 6.64 418.74 2.85

Mechel PAO Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
EV-to-EBITDA 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 418.74 5.69 2.85 0.90 0.00

MIC:MTLR vs NUE, STLD, RS: EV-to-EBITDA Comparison

For the Steel subindustry, Mechel PAO's EV-to-EBITDA, along with its competitors' market caps and EV-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.


Mechel PAO EV-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Mechel PAO's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mechel PAO's EV-to-EBITDA falls into.


MIC:MTLR
17GF Score
Mechel PAO MIC:MTLR
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mechel PAO EV-to-EBITDA Calculation

Mechel PAO's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=348626.717/11664
=29.89

Mechel PAO's current Enterprise Value is ₽348,627 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mechel PAO's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was ₽11,664 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 29.89 mean?
Mechel PAO (MIC:MTLR) has a EV-to-EBITDA of 29.89 as of Aug. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Mechel PAO.
Is Mechel PAO's EV-to-EBITDA too high?
Mechel PAO's current EV-to-EBITDA is 29.89. The Steel industry median EV-to-EBITDA is 9.53. Mechel PAO's value of 29.89 is 213.8% above this industry median. Overall, Mechel PAO has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Mechel PAO's EV-to-EBITDA compare to NUE and STLD?
Mechel PAO's EV-to-EBITDA of 29.89 can be compared against companies in the Steel industry. The industry median EV-to-EBITDA is 9.53. Mechel PAO's value of 29.89 is 213.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Steel company?
The median EV-to-EBITDA among Steel companies is 9.53, based on 530 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mechel PAO's current EV-to-EBITDA of 29.89 is 213.8% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Mechel PAO. For the Steel industry, the median EV-to-EBITDA is 9.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mechel PAO's current EV-to-EBITDA is 29.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mechel PAO stock overvalued right now?
Mechel PAO (MIC:MTLR) has a current EV-to-EBITDA of 29.89. The current EV-to-EBITDA is 29.89 and 213.8% above the Steel industry median of 9.53. Mechel PAO's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Mechel PAO (MIC:MTLR), the current EV-to-EBITDA is 29.89 as of Aug. 23, 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.

Mechel PAO Business Description

Address Krasnoarmeyskaya Street 1, Moscow, RUS, 125167
Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.
17GF Score

Get the complete analysis for MIC:MTLR

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽37.41
Price