ArcelorMittal

MT Basic Materials Steel

ArcelorMittal’s revenue for fiscal 2025 (year ended December 2025) was $61.4 billion, down 1.74% from fiscal 2024.

Revenue
+5.24%
EPS
−61.7%
Free cash flow
−126.6%
Total debt
+5.02%

Quarter to June 2026, against a year earlier

61.33 1.52 +2.54%
Market cap
$45.1B
P/E
25.7×
Fwd P/E
19.6×
Dividend yield
1.43%
F-score
6/9
Altman Z
1.78
Beneish M
−2.41
Dividend safety
45/100

ArcelorMittal (MT) P/E ratio

Alert me on P/E ratio

As of 2 November 2026, ArcelorMittal (MT) trades at a P/E ratio of 25.7×. Over the past ten years it has ranged from 0.0× (December 2024) to 32.9× (September 2026); the current reading is higher than 93% of that period. That is above the Steel industry median of 18.5× and above the Basic Materials sector median of 19.5×.

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

Against its own ten years

Low 0.0× High 32.9×
Ten-year median 4.5×
Current reading's percentile 89

P/E ratio against peers

Company P/E ratio
CLF Cleveland-Cliffs Inc. compare n/m
TX Ternium S.A. compare 14.7×
PKX POSCO Holdings Inc. compare 16.6×
NUE Nucor Corporation compare 16.9×
STLD Steel Dynamics, Inc. compare 18.5×
GGB Gerdau S.A. compare 20.2×
SIM Grupo Simec, S.A. de C.V. compare 20.7×
RS Reliance, Inc. compare 20.8×
MT ArcelorMittal 25.7×
Steel industry median 18.5×
Basic Materials sector median 19.5×
Market median 18.6×

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)

The full definition of P/E ratio →

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