Stocktoria

ArcelorMittal S.A. MT.AS

NL · Euronext Amsterdam · XAMS · stock · Basic Materials · website

ArcelorMittal S.A. statistics & valuation

Market cap$48.0B
P / E15.2×
P / S0.8×
P / B0.9×
P / FCF101.9×
Dividend yield0.88%
Net margin5.1%
Return on equity5.8%
FCF margin0.8%
Net debt$8.0B
Enterprise value$63.4B
Earnings yield EBIT/EV2.6%
Return on capital1.9%
Graham number +28.4%$81.73

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($81.73); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.70% 1.30% 2.10% 5.10% 2022202320242025
Gross margin (%)
15.70% 6.90% 9.30% 7.10% 2022202320242025
Operating margin (%)
12.80% 3.10% 5.00% 2.40% 2022202320242025
Return on equity (%)
17.50% 1.70% 2.70% 5.80% 2022202320242025
Shares outstanding
754.0M 754.0M 754.0M 754.0M 2022202320242025
Net debt ($)
$2.35B $3.00B $5.16B $8.02B 2022202320242025
Share buybacks ($)
$2.94B $1.21B $1.30B $262.0M 2022202320242025
Return on assets (%)
9.80% 1.00% 1.50% 3.20% 2022202320242025
Free cash flow margin (%)
8.40% 4.40% 0.70% 0.80% 2022202320242025
Debt / equity (×)
0.22× 0.20× 0.23× 0.25× 2022202320242025
EPS ($)
$10.18 $1.09 $1.69 $4.11 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ArcelorMittal S.A. trades at about 15.5× earnings — near its 10-year norm (10-year range 2.8×–23.5×, median 14.3×).

2.8× 23.5×

Shaded band = 10-year range (2.8×–23.5×); dot = today's 15.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin7.1%9.3%6.9%15.7%
Operating margin2.4%5.0%3.1%12.8%
Net margin5.1%2.1%1.3%11.7%
FCF margin0.8%0.7%4.4%8.4%
Return on assets3.2%1.5%1.0%9.8%
Return on equity5.8%2.7%1.7%17.5%
Debt / equity0.18×0.16×0.14×0.16×
Current ratio1.361.351.531.66

Computed from company filings · NL · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.