ArcelorMittalMT -1.24%62 EV-to-FCF is 125.42 as of Jul. 08, 2026, which is 498% above its 10-year median of 20.97. GuruFocus rates MT with a GF Score™ of 62/100 and a GF Value™ of $27.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 359 Steel companies, ArcelorMittal ranks worse than 94.43% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ArcelorMittal's Enterprise Value is $59,073 Mil.
ArcelorMittal's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $471 Mil. Therefore, ArcelorMittal's EV-to-FCF for today is 125.42.
The historical rank and industry rank for ArcelorMittal's EV-to-FCF or its related term are showing as below:
MT'
s EV-to-FCF Range Over the Past 10 Years
Min: -119.83 Med: 20.97 Max: 397.38
Current: 125.42
During the past 13 years, the highest EV-to-FCF of ArcelorMittal was 397.38. The lowest was -119.83. And the median was 20.97.
MT's EV-to-FCF is ranked worse than 94.43% of 359
companies
in the Steel industry
Industry Median: 16
vs MT: 125.42
EV-to-FCF 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-FCF 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 $62.37.
ArcelorMittal's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.810.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ArcelorMittal EV-to-FCF Related Terms
ArcelorMittal EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ArcelorMittal's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, ArcelorMittal's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ArcelorMittal's EV-to-FCF falls into.
ArcelorMittal's current Enterprise Value is $59,073 Mil.
ArcelorMittal's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $471 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 (MT) has a EV-to-FCF of 125.42 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ArcelorMittal and its competitors. This is 498% above median its historical median of 20.97. According to the industry distribution chart, ArcelorMittal ranks #339 out of 359 companies in the Steel industry, placing it in the top 94.4%.
Is ArcelorMittal's EV-to-FCF too high?
ArcelorMittal's current EV-to-FCF of 125.42 is 498% above median its 10-year median of 20.97. The Steel industry median EV-to-FCF is 16.00. ArcelorMittal's value of 125.42 is 683.9% above this industry median. Based on the distribution chart, ArcelorMittal ranks #339 out of 359 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, ArcelorMittal has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal's EV-to-FCF compare to NUE and STLD?
According to the Steel industry distribution chart, ArcelorMittal ranks #339 out of 359 companies for EV-to-FCF. This places ArcelorMittal in the lower half of its industry. The industry median EV-to-FCF is 16.00. ArcelorMittal's value of 125.42 is 683.9% above this benchmark. While the company's 10-year median is 20.97 vs. the industry median of 16.00, 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-FCF for a Steel company?
The median EV-to-FCF among Steel companies is 16.00, based on 359 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ArcelorMittal's current EV-to-FCF of 125.42 is 683.9% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ArcelorMittal and its competitors. For the Steel industry, the median EV-to-FCF is 16.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArcelorMittal's current EV-to-FCF is 125.42, which is 498% above median its own 10-year median of 20.97. 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 (MT) is currently considered Significantly Overvalued. The stock's GF Value™ is $27.05, compared to a current price of $62.37 — trading 130.6% above its estimated fair value. The current EV-to-FCF is 125.42, which is 498% above median its 10-year median of 20.97 and 683.9% above the Steel industry median of 16.00. ArcelorMittal's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For ArcelorMittal (MT), the current EV-to-FCF is 125.42 as of Jul. 08, 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 (MT) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal stock appears to be overvalued.
The current stock price of $62.37 is trading 130.6% above its estimated GF Value™ of $27.05.
GuruFocus considers ArcelorMittal to be Significantly Overvalued.
Key valuation signals for MT:
EV-to-FCF: 125.42 (498% above median its 10-year median of 20.97)
GF Value™: $27.05 vs. price of $62.37 (130.6% above fair value)
Industry Position: 683.9% above the Steel median (#339 of 359)
No single metric tells the full story. See the 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.
62GF Score
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