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Cleveland-Cliffs (Cleveland-Cliffs) Market Cap

: $9,904 Mil (As of Today)
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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 Dec. 2023 was $20.42. Cleveland-Cliffs's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 505 Mil. Therefore, Cleveland-Cliffs's market cap for the quarter that ended in Dec. 2023 was $10,310 Mil.

Cleveland-Cliffs's quarterly market cap declined from Jun. 2023 ($8,525 Mil) to Sep. 2023 ($7,891 Mil) but then increased from Sep. 2023 ($7,891 Mil) to Dec. 2023 ($10,310 Mil).

Cleveland-Cliffs's annual market cap declined from Dec. 2021 ($10,888 Mil) to Dec. 2022 ($8,270 Mil) but then increased from Dec. 2022 ($8,270 Mil) to Dec. 2023 ($10,310 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 $13,023 Mil.


Cleveland-Cliffs Market Cap Historical Data

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.

* Premium members only.

Cleveland-Cliffs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Market Cap
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,268.71 6,952.65 10,888.46 8,269.92 10,309.79

Cleveland-Cliffs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Market Cap Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,269.92 9,440.92 8,525.46 7,890.81 10,309.79

Competitive Comparison

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 Distribution

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.



Cleveland-Cliffs Market Cap Calculation

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. 2023 is calculated as

Market Cap (A: Dec. 2023 )=Share Price (A: Dec. 2023 )*Shares Outstanding (EOP) (A: Dec. 2023 )
=$20.42*504.887
=$10,310

Cleveland-Cliffs's Market Cap for the quarter that ended in Dec. 2023 is calculated as

Market Cap (Q: Dec. 2023 )=Share Price (Q: Dec. 2023 )*Shares Outstanding (EOP) (Q: Dec. 2023 )
=$20.42*504.887
=$10,310

* 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  (NYSE: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 company’s 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

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Cleveland-Cliffs (Cleveland-Cliffs) Business Description

Traded in Other Exchanges
Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has 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.
Executives
Michael Ralph S Iii director
Goncalves Celso L Jr officer: EVP, CFO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arlene M Yocum director 99 PINE STREET, ALBANY NY 12207
Lourenco Goncalves director, officer: Chairman, President & CEO
Keith Koci officer: EVP, Chief Financial Officer ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056
Douglas C Taylor director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Susan Miranda Green director 11211 LANDY COURT, KENSINGTON MD 20895
Janet L Miller director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Fisher Robert P Jr director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
John T Baldwin director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arcelormittal North America Holdings Llc other: Former 10% Owner 1 SOUTH DEARBORN STREET, 13TH FLOOR, CHICAGO IL 60603
Rcelormittal other: Former 10% Owner 24-26, BOULEVARD D?AVRANCHES, L-1160 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG N4 00000
Kimberly A Floriani officer: VP, Corp Controller & CAO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
M Ann Harlan director
William K Gerber director 999 WEST BIG BEAVER ROAD, TROY MI 48084