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ArcelorMittalXMAD:MTS +1.05%68 EV-to-Revenue is 2.11 as of Sep. 16, 2026, which is 322% above its 10-year median of 0.50. GuruFocus rates XMAD:MTS with a GF Score™ of 68/100 and a GF Value™ of €33.73 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 609 Steel companies, ArcelorMittal ranks worse than 60.1% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, ArcelorMittal's enterprise value is €57,614 Mil.
ArcelorMittal's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was €27,334 Mil. Therefore, ArcelorMittal's EV-to-Revenue for today is 2.11.
The historical rank and industry rank for ArcelorMittal's EV-to-Revenue or its related term are showing as below:
XMAD:MTS'
s EV-to-Revenue Range Over the Past 10 Years
Min: 0.28 Med: 0.5 Max: 1.12
Current: 1.07
During the past 13 years, the highest EV-to-Revenue of ArcelorMittal was 1.12. The lowest was 0.28. And the median was 0.50.
XMAD:MTS's EV-to-Revenue is ranked worse than 60.1% of 609
companies
in the Steel industry
Industry Median: 0.81
vs XMAD:MTS: 1.07
As of today (2026-09-16), ArcelorMittal's stock price is €63.26.
ArcelorMittal's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was €36.05. Therefore, ArcelorMittal's PS Ratio for today is 1.75.
ArcelorMittal's share price for today is €63.26.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. {COMPANY->company}'s Revenue per Sharefor the trailing twelve months (TTM) ended in Jun. 2026 was €36.05.
* 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 EV-to-Revenue Related Terms
ArcelorMittal EV-to-Revenue Historical Data
* Premium members only.
The historical data trend for ArcelorMittal's EV-to-Revenue 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.
XMAD:MTS vs NUE, STLD, RS: EV-to-Revenue Comparison
For the Steel subindustry, ArcelorMittal's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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-Revenue vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where ArcelorMittal's EV-to-Revenue falls into.
ArcelorMittal's current Enterprise Value is €57,614 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. ArcelorMittal's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was €27,334 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-Revenue of 2.11 as of Sep. 16, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on ArcelorMittal and its competitors. This is 322% above median its historical median of 0.50. Over the past decade, ArcelorMittal's EV-to-Revenue has ranged from 0.28 to 1.12. According to the industry distribution chart, ArcelorMittal ranks #366 out of 609 companies in the Steel industry, placing it in the top 60.1%.
Is ArcelorMittal's EV-to-Revenue too high?
ArcelorMittal's current EV-to-Revenue of 2.11 is 322% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.12. The Steel industry median EV-to-Revenue is 0.81. ArcelorMittal's value of 2.11 is 160.5% above this industry median. Based on the distribution chart, ArcelorMittal ranks #366 out of 609 companies in the Steel industry, which is below the industry midpoint. Overall, ArcelorMittal has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal's EV-to-Revenue compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal ranks #366 out of 609 companies for EV-to-Revenue. This places ArcelorMittal in the lower half of its industry. The industry median EV-to-Revenue is 0.81. ArcelorMittal's value of 2.11 is 160.5% above this benchmark. Historically, ArcelorMittal's own EV-to-Revenue has ranged from 0.28 to 1.12 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.81, 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-Revenue for a Steel company?
The median EV-to-Revenue among Steel companies is 0.81, based on 609 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ArcelorMittal's current EV-to-Revenue of 2.11 is 160.5% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on ArcelorMittal and its competitors. For the Steel industry, the median EV-to-Revenue is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal's current EV-to-Revenue is 2.11, which is 322% above median its own 10-year median of 0.50. 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 €33.73, compared to a current price of €63.26 — trading 87.5% above its estimated fair value. The current EV-to-Revenue is 2.11, which is 322% above median its 10-year median of 0.50 and 160.5% above the Steel industry median of 0.81. ArcelorMittal's overall GF Score™ is 68/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For ArcelorMittal (XMAD:MTS), the current EV-to-Revenue is 2.11 as of Sep. 16, 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 €63.26 is trading 87.5% above its estimated GF Value™ of €33.73.
GuruFocus considers ArcelorMittal to be Significantly Overvalued.
Key valuation signals for XMAD:MTS:
EV-to-Revenue: 2.11 (322% above median its 10-year median of 0.50)
GF Value™: €33.73 vs. price of €63.26 (87.5% above fair value)
Industry Position: 160.5% above the Steel median (#366 of 609)
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.
68GF Score
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