| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 60 | 31.3x | 17.8x | Around median | |
Growth | 26 | 3.6% | 7.1% | Bottom tier | |
Quality | 19 | 3.6% | 4.5% | Bottom tier | |
Safety | 60 | 1.3x | 2.6x | Around median | |
Capital Return | 20 | 0.97% | 2.12% | Bottom tier | |
Momentum | 96 | 116.0% | 2.9% | Top tier | |
Sentiment | 72 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
ArcelorMittal S.A. produces steel through a geographic network spanning Europe, North America, Brazil, and India, alongside iron ore mining in Liberia. Its revenue benefits from the sale of steel products, including automotive grades, electrical steel, and heavy plate, as well as from its mining operations, while it is also expanding its sustainable solutions business in renewable energy and construction products such as panels and sections.
In quarter 2 of fiscal year 2026, earnings before interest, taxes, depreciation, and amortization reached $2.1 billion, equivalent to $155 per tonne, while the European segment generated $98 per tonne, its highest level in three years. In the first half of fiscal year 2026, the company recorded revenue of $32.25 billion, but earnings per share of $0.89 fell short of analysts’ estimates of $1.18, reflecting a gap between strong sales and their conversion into profits.
The annual financial statements show an improvement in net income despite lower revenue: in fiscal year 2025, revenue reached $61.4 billion, net income $3.2 billion, and earnings per share $4.11, compared with revenue of $62.4 billion, net income of $1.4 billion, and earnings per share of $1.69 in fiscal year 2024. In contrast, gross profit declined to $4.4 billion in fiscal year 2025 from $5.8 billion in fiscal year 2024, while revenue remained well below the $79.8 billion recorded in fiscal year 2022.
The analyst consensus is “Buy,” with an average price target of $73 and a target range of $62 to $82, while Deutsche Bank raised its target to $75 following the first-half fiscal year 2026 results. The average target is below the upper end of the 52-week range of $75.93, while the breadth of the target range reflects differing views on the company’s ability to convert sales growth and the $1.8 billion in incremental earnings projects into sustainable margins and cash flows.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Earnings before interest, taxes, depreciation, and amortization reached $2.1 billion, equivalent to $155 per tonne. The European segment generated $98 per tonne, its highest level in three years. In the first half of fiscal year 2026, revenue reached $32.25 billion, but earnings per share were $0.89 versus estimates of $1.18.
The company expects shipments in quarter 3 of fiscal year 2026 to be stable or slightly higher than in quarter 2, instead of the usual seasonal decline. It cited a strong order book, higher customer engagement, and the restart of furnaces in Spain, Poland, and France, with the full blast furnace fleet operating from quarter 3. It also believes the new tariff-rate quota mechanism will reduce imports and enable it to regain market share, although real European demand remains stable.
The strategic projects are targeted to add $1.8 billion to earnings before interest, taxes, depreciation, and amortization starting in fiscal year 2026. The company achieved $300 million of this contribution in the first half and expects another $400 million in the second half of fiscal year 2026. The drivers include expansions in Liberia and Serra Azul, the electric arc furnace at Calvert, and projects in India, alongside later opportunities in Brazil and the United States.
Automated analysis for informational purposes only — not investment advice.
ArcelorMittal targets increasing its long-term capacity in India to 40 million tonnes annually and expects Indian steel demand to nearly double during the decade following the July 30, 2026 call. The India business and joint ventures recorded an annual shipment run rate of nearly 8 million tonnes in quarter 2 of fiscal year 2026, with the capacity-doubling plan progressing. In Liberia, the company targets shipping 18 million tonnes during fiscal year 2026, and reaching that target requires shipping approximately 10 million tonnes in the second half.
The most significant direct risks are weak conversion of revenue into earnings, as earnings per share for the first half of fiscal year 2026 fell below expectations, alongside higher carbon costs as European production increases. On August 17, 2026, a missile attack damaged energy facilities and blast furnaces at the Kryvyi Rih plant and caused a partial suspension of operations. The outlook for European improvement also depends on lower imports due to tariff-rate quotas, while real demand remained stable and Chinese overcapacity continued to pressure the industry.
