ArcelorMittal
ArcelorMittal’s revenue for fiscal 2025 (year ended December 2025) was $61.4 billion, down 1.74% from fiscal 2024. In the quarter to June 2026, revenue grew 5.24%, EPS fell 61.7%, free cash flow fell 126.6% and total debt rose 5.02%, each against the same quarter a year earlier.
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ArcelorMittal (MT) P/E ratio
As of 12 October 2026, ArcelorMittal (MT) trades at a P/E ratio of 26.3×. Over the past ten years it has ranged from 0.0× (December 2024) to 32.9× (September 2026); the current reading is higher than 94% of that period. That is above the Steel industry median of 21.1× and above the Basic Materials sector median of 19.6×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.0× | (21.29%) |
| FY2024 | 14.0× | (48.84%) |
| FY2023 | 27.4× | 922.66% |
| FY2022 | 2.7× | 13.71% |
| FY2021 | 2.4× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 4.1× | (46.39%) |
| FY2017 | 7.6× | (49.46%) |
| FY2016 | 15.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 25.2× | 86.14% |
| Mar 2026 | 13.5× | 22.68% |
| Dec 2025 | 11.0× | 3.47% |
| Sep 2025 | 10.7× | 10.08% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CLF Cleveland-Cliffs Inc. compare | n/m |
| TX Ternium S.A. compare | 16.3× |
| NUE Nucor Corporation compare | 20.1× |
| PKX POSCO Holdings Inc. compare | 21.1× |
| STLD Steel Dynamics, Inc. compare | 21.6× |
| GGB Gerdau S.A. compare | 22.3× |
| SIM Grupo Simec, S.A. de C.V. compare | 22.9× |
| RS Reliance, Inc. compare | 23.2× |
| MT ArcelorMittal | 26.3× |
| Steel industry median | 21.1× |
| Basic Materials sector median | 19.6× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)