Cleveland-Cliffs Inc. (CLF)

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200 PUBLIC SQUARE, CLEVELAND, OH

Models

Cleveland-Cliffs normalized EBITDA valuationModel

Cleveland-Cliffs Inc. (CLF)Updated Oct 23, 2026 · Revised 7 times

Fair value / share

$18.44

Upside / downside

32.7%

Normalized adjusted EBITDA ($M)

$3,015

Financial model•assumptions as of 2026-10-23•USD