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Cleveland-Cliffs (CLF) stock forecast and fair value

Cleveland-Cliffs (CLF) trades at $11.27. 10 analysts' median price target is $14.00 (+24%), from $12.00 to $18.00. Across 12 valuation methods the middle fair value is $14.35 (+27%).

Price$11.27
Median target$14.00
Fair value, middle$14.35
EPS beat rate100%
Cleveland-Cliffs fair value by method (price $11.27)Cleveland-Cliffs fair value by method (price $11.27)low – highpoint estimateEV/EBITDA vs peers$2.18EV/EBITDA vs peers, weighted$2.52EV/Sales vs peers$231.91EV/Sales vs peers, weighted$144.35Residual income$3.75Analysts' price targets$14.35Our model (Rotation forecast)$12.45Tangible book (asset value)$4.99Stage-weighted value (decline / tur…$108.13Combined forecast (3 months)$11.72

Fair value by method

MethodLowPointHighvs price
EV/EBITDA vs peers$1.06$2.18$3.05-81%
EV/EBITDA vs peers, weighted$1.06$2.52$3.14-78%
EV/Sales vs peers$141.39$231.91$697.0821×
EV/Sales vs peers, weighted$134.83$144.35$267.2213×
Residual income$3.63$3.75$3.89-67%
Analysts' price targets$12.00$14.35$18.00+27%
Our model (Rotation forecast)$7.83$12.45$19.79+10%
Tangible book (asset value)$3.99$4.99$4.99-56%
Stage-weighted value (decline / turnaround)$66.45$108.13$319.58+859%
Combined forecast (3 months)$9.23$11.72$14.52+4%

Cleveland-Cliffs' latest quarter

Cleveland-Cliffs, Q3 2026: revenue $5.6B (+18% year over year), operating margin 5.5%, net earnings $152M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.

Questions

What is the price target for CLF stock?

The median of 10 analysts' 12-month targets is $14.00, +24% from $11.27; the range is $12.00 to $18.00. The average rating is hold.

What is Cleveland-Cliffs' fair value?

The fair-value methods on Filing Flows (DCF, Monte Carlo, peer multiples and others) put it between $2.18 and $231.91, with a middle value of $14.35 against a price of $11.27. Each method's assumptions are on the page.

Does Cleveland-Cliffs usually beat earnings estimates?

It beat the consensus EPS estimate in 100% of the quarters on record.

Is CLF stock a buy?

Filing Flows does not give advice. It shows what analysts expect, what each valuation method implies and the figures behind them, read from SEC filings, so you can judge for yourself.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.