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ArcelorMittalXMAD:MTS +1.92%67 EV-to-OCF is 13.88 as of Aug. 01, 2026, which is 125% above its 10-year median of 6.18. GuruFocus rates XMAD:MTS with a GF Score™ of 67/100 and a GF Value™ of €24.13 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 635 Steel companies, ArcelorMittal ranks worse than 68.35% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, ArcelorMittal's Enterprise Value is €55,854 Mil.
ArcelorMittal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €4,024 Mil. Therefore, ArcelorMittal's EV-to-OCF for today is 13.88.
The historical rank and industry rank for ArcelorMittal's EV-to-OCF or its related term are showing as below:
XMAD:MTS'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.5 Med: 6.18 Max: 15.54
Current: 13.88
During the past 13 years, the highest EV-to-OCF of ArcelorMittal was 15.54. The lowest was 2.50. And the median was 6.18.
XMAD:MTS's EV-to-OCF is ranked worse than 68.35% of 635
companies
in the Steel industry
Industry Median: 7.35
vs XMAD:MTS: 13.88
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.
ArcelorMittal's PE Ratio (TTM) for today is calculated as:
ArcelorMittal's share price for today is €60.64.
ArcelorMittal'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 €2.035.
* 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.
ArcelorMittal EV-to-OCF Related Terms
ArcelorMittal EV-to-OCF Historical Data
* Premium members only.
The historical data trend for ArcelorMittal'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, ArcelorMittal'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.
ArcelorMittal EV-to-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ArcelorMittal's EV-to-OCF falls into.
ArcelorMittal's current Enterprise Value is €55,854 Mil.
ArcelorMittal'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 €4,024 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.
ArcelorMittal (XMAD:MTS) has a EV-to-OCF of 13.88 as of Aug. 01, 2026. This is 125% above median its historical median of 6.18. Over the past decade, ArcelorMittal's EV-to-OCF has ranged from 2.50 to 15.54. According to the industry distribution chart, ArcelorMittal ranks #434 out of 635 companies in the Steel industry, placing it in the top 68.3%.
Is ArcelorMittal's EV-to-OCF too high?
ArcelorMittal's current EV-to-OCF of 13.88 is 125% above median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 15.54. The Steel industry median EV-to-OCF is 7.35. ArcelorMittal's value of 13.88 is 88.8% above this industry median. Based on the distribution chart, ArcelorMittal ranks #434 out of 635 companies in the Steel industry, which is below the industry midpoint. Overall, ArcelorMittal has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal's EV-to-OCF compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal ranks #434 out of 635 companies for EV-to-OCF. This places ArcelorMittal in the lower half of its industry. The industry median EV-to-OCF is 7.35. ArcelorMittal's value of 13.88 is 88.8% above this benchmark. Historically, ArcelorMittal's own EV-to-OCF has ranged from 2.50 to 15.54 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 7.35, 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 EV-to-OCF for a Steel company?
The median EV-to-OCF among Steel companies is 7.35, based on 635 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. ArcelorMittal's current EV-to-OCF of 13.88 is 88.8% 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-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 7.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal's current EV-to-OCF is 13.88, which is 125% above median its own 10-year median of 6.18. 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 (XMAD:MTS) is currently considered Significantly Overvalued. The stock's GF Value™ is €24.13, compared to a current price of €60.64 — trading 151.3% above its estimated fair value. The current EV-to-OCF is 13.88, which is 125% above median its 10-year median of 6.18 and 88.8% above the Steel industry median of 7.35. ArcelorMittal's overall GF Score™ is 67/100 with 13 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 ArcelorMittal (XMAD:MTS), the current EV-to-OCF is 13.88 as of Aug. 01, 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 (XMAD:MTS) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal stock appears to be overvalued.
The current stock price of €60.64 is trading 151.3% above its estimated GF Value™ of €24.13.
GuruFocus considers ArcelorMittal to be Significantly Overvalued.
Key valuation signals for XMAD:MTS:
EV-to-OCF: 13.88 (125% above median its 10-year median of 6.18)
GF Value™: €24.13 vs. price of €60.64 (151.3% above fair value)
Industry Position: 88.8% above the Steel median (#434 of 635)
No single metric tells the full story. See the XMAD:MTS 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.
67GF Score
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