Cleveland-Cliffs (FRA:CVA) 3-Year Book Growth Rate : 54.60% (As of Mar. 2024)

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What is Cleveland-Cliffs 3-Year Book Growth Rate?

Cleveland-Cliffs's Book Value per Share for the quarter that ended in Mar. 2024 was €13.93.

During the past 12 months, Cleveland-Cliffs's average Book Value per Share Growth Rate was 3.40% per year. During the past 3 years, the average Book Value per Share Growth Rate was 54.60% per year. During the past 5 years, the average Book Value per Share Growth Rate was 77.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Cleveland-Cliffs was 125.40% per year. The lowest was -41.20% per year. And the median was 10.70% per year.

Competitive Comparison of Cleveland-Cliffs's 3-Year Book Growth Rate

For the Steel subindustry, Cleveland-Cliffs's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cleveland-Cliffs's 3-Year Book Growth Rate Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's 3-Year Book Growth Rate falls into.

Cleveland-Cliffs 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Cleveland-Cliffs (FRA:CVA) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Cleveland-Cliffs 3-Year Book Growth Rate Related Terms

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Cleveland-Cliffs (FRA:CVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (FRA:CVA) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

CLF:USA CLF:Mexico CVA:Germany

Address

200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315

Website

https://www.clevelandcliffs.com

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.