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EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Cleveland-Cliffs's Enterprise Value is MXN258,827 Mil.
Cleveland-Cliffs's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was MXN-4,705 Mil. Therefore, Cleveland-Cliffs's EV-to-OCF for today is -55.02.
The historical rank and industry rank for Cleveland-Cliffs's EV-to-OCF or its related term are showing as below:
MEX:CLF'
s EV-to-OCF Range Over the Past 10 Years
Min: -59.13 Med: 6.83 Max: 122.13
Current: -59.11
During the past 13 years, the highest EV-to-OCF of Cleveland-Cliffs was 122.13. The lowest was -59.13. And the median was 6.83.
MEX:CLF's EV-to-OCF is ranked better than 94.16% of 634
companies
in the Steel industry
Industry Median: 7.25
vs MEX:CLF: -59.11
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Cleveland-Cliffs's PE Ratio (TTM) for today is calculated as:
Cleveland-Cliffs's share price for today is MXN210.00.
Cleveland-Cliffs's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-29.183.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cleveland-Cliffs EV-to-OCF Related Terms
Cleveland-Cliffs EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Cleveland-Cliffs's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Cleveland-Cliffs's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Cleveland-Cliffs's EV-to-OCF falls into.
Cleveland-Cliffs's current Enterprise Value is MXN258,827 Mil.
Cleveland-Cliffs's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-4,705 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.
Cleveland-Cliffs (MEX:CLF) has a EV-to-OCF of -55.02 as of Jul. 28, 2026. According to the industry distribution chart, Cleveland-Cliffs ranks #37 out of 634 companies in the Steel industry, placing it in the top 5.8%.
Is Cleveland-Cliffs' EV-to-OCF too high?
Cleveland-Cliffs' current EV-to-OCF is -55.02. Based on the distribution chart, Cleveland-Cliffs ranks #37 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Cleveland-Cliffs has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' EV-to-OCF compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #37 out of 634 companies for EV-to-OCF. This places Cleveland-Cliffs in the top 6% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 7.25. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Steel company?
The median EV-to-OCF among Steel companies is 7.25, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median EV-to-OCF is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current EV-to-OCF is -55.02. 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 MXN190.29, compared to a current price of MXN210.00 — trading 10.4% above its estimated fair value. The current EV-to-OCF is -55.02. Cleveland-Cliffs' overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current EV-to-OCF is -55.02 as of Jul. 28, 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 overvalued.
The current stock price of MXN210.00 is trading 10.4% above its estimated GF Value™ of MXN190.29.
GuruFocus considers Cleveland-Cliffs to be Fairly Valued.
Key valuation signals for MEX:CLF:
EV-to-OCF: -55.02
GF Value™: MXN190.29 vs. price of MXN210.00 (10.4% above fair value)
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.
59GF Score
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