Cleveland-Cliffs (FRA:CVA) ROE % Adjusted to Book Value : -2.44% (As of Mar. 2024)

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What is Cleveland-Cliffs ROE % Adjusted to Book Value?

Cleveland-Cliffs's ROE % for the quarter that ended in Mar. 2024 was -3.56%. Cleveland-Cliffs's PB Ratio for the quarter that ended in Mar. 2024 was 1.46. Cleveland-Cliffs's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 was -2.44%.

Cleveland-Cliffs ROE % Adjusted to Book Value Historical Data

The historical data trend for Cleveland-Cliffs's ROE % Adjusted to Book Value 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.

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Cleveland-Cliffs ROE % Adjusted to Book Value Chart

Cleveland-Cliffs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE % Adjusted to Book Value

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12.48

-3.16

43.16

19.29

3.86

Cleveland-Cliffs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-2.45	16.50	13.87	-5.93	-2.44

Competitive Comparison of Cleveland-Cliffs's ROE % Adjusted to Book Value

For the Steel subindustry, Cleveland-Cliffs's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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's ROE % Adjusted to Book Value Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's ROE % Adjusted to Book Value falls into.

Cleveland-Cliffs ROE % Adjusted to Book Value Calculation

Cleveland-Cliffs's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	5.02%	/	1.30
	=	3.86%

Cleveland-Cliffs's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-3.56%	/	1.46
	=	-2.44%

Cleveland-Cliffs ROE % Adjusted to Book Value Related Terms

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Cleveland-Cliffs (FRA:CVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (FRA:CVA) » Definitions » ROE % Adjusted to Book Value

Comparable Companies

Traded in Other Exchanges

CLF:USA CLF:Mexico CVA:Germany

Address

200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315

Website

https://www.clevelandcliffs.com

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.