Cleveland-Cliffs (CLF)
NYSEMaterialsSteelSnapshot 2026-09-04
$12.50+1.79%
Close 2026-09-04 · 1-day change
NYSEMaterialsSteelSnapshot 2026-09-04
Research Workspace
Put CLF beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Management is running behind on a stated commitment.
View ThesisRevenue is growing steadily — about 4% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 19%, softest on free-cash-flow yield.
View QualityManagement screens weak on capital allocation, the balance sheet, market reaction to earnings.
View ManagementExpectations look high — the market is pricing in about 43% growth a year, above the roughly 11% analysts expect, leaving little room for error.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskCleveland-Cliffs must improve its financial performance to justify its current valuation. The company recently missed earnings expectations, reporting a loss of -0.20 per share. It trades at 0.4× price-to-sales, below the peer median of 1.5×. The market is pricing in more growth than forecasted, indicating expectations may be too high. A specific risk is the potential for guidance cuts, which could lead to further declines. Peer multiples imply a price about 43% below where it trades, suggesting it looks expensive on this basis. Our read is provisional.
Trailing returns as of 2026-09-04. CLF is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 13 analysts currently covering CLF (as of Sep 2026).
Based on 5 Wall Street analysts offering 12-month price targets for CLF in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CLF Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 4 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Steel — fair value, gap to price, and forward P/E.
Compare the value case
Put CLF next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Maintain capital expenditures at approximately $700 million
Secures funding aligns with capital expenditure goals.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $12.50
The last 12 months of price, then the range of analyst 12-month targets from today’s $12.50.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Threatens: Maintain capital expenditures at approximately $700 million
Investment exceeds capital expenditure target.
Threatens: Maintain capital expenditures at approximately $700 million
Capital expenditures exceed management's target, impacting cash flow.
Tariff relief could enhance revenue and market position.
Q1 pressures indicate potential operational challenges.
Lower valuation multiple suggests market concerns.
Competitors seen as better investments could impact market share.