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MT

ArcelorMittal S.A.

Basic Materials · $51.6B market cap

Verdict

Share price

$64.51

close of Oct 3, 2026

Fair value

$61.35

Sticker Price

Payback Price

$24.54

buy price

Fairly Valued

MT is Fairly Valued: at $64.51 it's within 5% of its fair value of $61.35. Its buy price (Payback Price) is $24.54, 62% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-5.3% a year✗
Equity per share growth-3.4% a year✗
Sales growth-1.7% a year✗
Free cash flow growth-3.3% a year✗
Return on invested capital3.0%✗

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Superinvestors

2 of the investors we track hold MT. In Q2 2026, 2 trimmed. Who we track

Sarah Ketterer

Causeway Capital Management · as of Q2 2026

$1.3M

22,155 shares

Richard Pzena

Pzena Investment Management · as of Q2 2026

$493K

8,180 shares

Moves in Q2 2026

Trimmed: Sarah Ketterer, Richard Pzena

About ArcelorMittal S.A.

ArcelorMittal S.A. and its subsidiaries operate as a comprehensive, globally integrated steel production and mining enterprise, with operations spanning Europe, North and South America, Asia, and Africa. The firm's core steel offerings encompass a wide array of items. These include semi-finished flat goods, specifically slabs, alongside finished flat products like plates, hot-rolled and cold-rolled coils and sheets…

Steel

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works