Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Cleveland-Cliffs's share price for the quarter that ended in Mar. 2026 was MXN149.99. Cleveland-Cliffs's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 570 Mil. Therefore, Cleveland-Cliffs's market cap for the quarter that ended in Mar. 2026 was MXN85,554 Mil.
Cleveland-Cliffs's quarterly market cap
increased
from Sep. 2025 (MXN110,071 Mil) to Dec. 2025 (MXN140,947 Mil) but then
declined
from Dec. 2025 (MXN140,947 Mil) to Mar. 2026 (MXN85,554 Mil).
Cleveland-Cliffs's annual market cap
declined
from Dec. 2023 (MXN175,559 Mil) to Dec. 2024 (MXN93,850 Mil) but then
increased
from Dec. 2024 (MXN93,850 Mil) to Dec. 2025 (MXN140,947 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Cleveland-Cliffs's Enterprise Value for Today is MXN247,666 Mil.
Cleveland-Cliffs (MEX:CLF) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Cleveland-Cliffs Market Cap Related Terms
Cleveland-Cliffs Market Cap Historical Data
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The historical data trend for Cleveland-Cliffs's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Steel Industry
For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Market Cap distribution charts can be found below:
* The bar in red indicates where Cleveland-Cliffs's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Cleveland-Cliffs's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Market Cap of MXN108,203 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Cleveland-Cliffs and its competitors. According to the industry distribution chart, Cleveland-Cliffs ranks #25 out of 643 companies in the Steel industry, placing it in the top 3.9%.
Is Cleveland-Cliffs' Market Cap too high?
Cleveland-Cliffs' current Market Cap is MXN108,203 Mil. Based on the distribution chart, Cleveland-Cliffs ranks #25 out of 643 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 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' Market Cap compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #25 out of 643 companies for Market Cap. This places Cleveland-Cliffs in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 99.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Steel company?
The median Market Cap among Steel companies is 99.85, based on 643 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Cleveland-Cliffs and its competitors. For the Steel industry, the median Market Cap is 99.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current Market Cap is MXN108,203 Mil. 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 MXN208.19, compared to a current price of MXN188.88 — trading 9.3% below its estimated fair value. The current Market Cap is MXN108,203 Mil. Cleveland-Cliffs' overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current Market Cap is MXN108,203 Mil as of Jun. 26, 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 undervalued.
The current stock price of MXN188.88 is trading 9.3% below its estimated GF Value™ of MXN208.19.
GuruFocus considers Cleveland-Cliffs to be Fairly Valued.
Key valuation signals for MEX:CLF:
Market Cap: MXN108,203 Mil
GF Value™: MXN208.19 vs. price of MXN188.88 (9.3% below 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.
63GF Score
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