ArcelorMittal S.A (0RP9) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of ArcelorMittal S.A €70.68, price €56.73, upside +24.6%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €18.27 – €68.35 · fair‑value band €48.69 – €92.67 · the €56.73 price screens below the €70.68 fair value. Dashed = 300-day average. As of Oct 3, 2026.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.
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ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.
Stock analysis
ArcelorMittal S.A (0RP9) currently trades at €56.73, while our model-based Fair Value estimate is €70.68, implying the stock looks roughly 19.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €161.16 per share, and 9 of the 15 models we run sit above the €56.73 price.
Bear case: the Dividend Discount group reads lowest at €7.13, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: €48.69 (bear) to €92.67 (bull), the price of €56.73 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ArcelorMittal S.A reported revenue of €53.3B in FY2020 versus €56.8B in FY2016, a compound −1.6%/yr. Reported net income was −€733M in FY2020.
Key figures
Market cap €26.5B · P/S ratio 0.43 · Dividend yield 1.1% · Net margin −1.4% · Return on equity 5.4% · Return on assets (EBIT) 4.2% · Operating margin 4.9% · Revenue (TTM) €62.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 25%, 0RP9 screens cheaper than that median.
Fair Value models
Bear €48.69Fair Value €70.68Bull €92.67
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.1%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.3% (2016) → 4.0% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machinery” was too small, so the broader sector is used.)Industrials · 5266 stocks
Beats the sector median on 3/12 measures
Overall it trails its sector peers.
Valuation
Quality Score51 · Below median
Fair Value upside−14.0% · Below median
Profitability
Return on equity (TTM)5.4% · Below median
Return on assets1.1% · Below median
Net margin (TTM)4.7% · Below median
Operating margin (TTM)4.9% · Below median
Growth and dividend
Revenue growth4.5% · Below median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Industrials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "ArcelorMittal S.A Fair Value". https://www.fairvalue-calculator.com/stock/0RP9
Frequently asked questions
Is ArcelorMittal S.A (0RP9) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €70.68 versus a price of €56.73, about +25% upside (undervalued).
What is the fair value of 0RP9?
Our model-based fair value for ArcelorMittal S.A is €70.68 (as of Oct 3, 2026), built from audited fundamentals. The current price: €56.73.
What is the quality score of 0RP9?
ArcelorMittal S.A has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ArcelorMittal S.A (0RP9)?
Our model-based price target is the fair value of €70.68 (as of Oct 3, 2026) from 15 valuation models. Cautious scenario €48.69, optimistic scenario €92.67. It is a calculation from audited fundamentals, not an analyst target.
What is the ArcelorMittal S.A stock forecast for 2026?
Our models put fair value at €70.68, about +25% upside versus a price of €56.73 (undervalued). Cautious scenario €48.69, optimistic scenario €92.67. The calculation is refreshed regularly with new filings.
What is the revenue of ArcelorMittal S.A (0RP9)?
ArcelorMittal S.A reported trailing-twelve-month revenue of about €62.0B (latest available figure, as of Oct 3, 2026).
Does ArcelorMittal S.A pay a dividend?
ArcelorMittal S.A currently shows a dividend yield of about 1.06% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of ArcelorMittal S.A (0RP9)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ArcelorMittal S.A it is €70.68 per share (as of Oct 3, 2026), against a price of €56.73. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is ArcelorMittal S.A stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0RP9 trades below its calculated fair value: price €56.73, fair value €70.68, a gap of about +25% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0RP9?
No. The price is what the market pays today (€56.73); the fair value is what the company's own numbers justify (€70.68). For ArcelorMittal S.A the two are €13.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is ArcelorMittal S.A worth?
The market values ArcelorMittal S.A at about €26.5B (market capitalisation, as of Oct 3, 2026). Per share that is €56.73; our models calculate a fair value of €70.68 per share.
What do the bullish and bearish scenarios say about 0RP9?
Our models span a range for ArcelorMittal S.A: cautious scenario €48.69, base €70.68, optimistic €92.67 per share (as of Oct 3, 2026, price €56.73). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ArcelorMittal S.A (0RP9)?
Balance-sheet figures for ArcelorMittal S.A (as of Oct 3, 2026): return on equity 5.4%, debt of 0.24 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 0RP9 from its 52-week high?
ArcelorMittal S.A trades at €56.73, about 17% below its 52-week high of €68.35 and 78% above the low of €31.84 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €70.68 is for.
Which stocks are comparable to ArcelorMittal S.A?
From the same area (Industrials) we also value CHEMTECH, INLCM, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ArcelorMittal S.A stock attractive at the current price?
The data as of Oct 3, 2026: price €56.73, calculated fair value €70.68 (+25%), Quality Score 51/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0RP9 calculated?
We run ArcelorMittal S.A through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €70.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ArcelorMittal S.A currently trades 20 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ArcelorMittal S.A (0RP9)?
The closing price on Oct 2, 2026 was €56.73. Our model-based fair value is €70.68, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ArcelorMittal S.A right now?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€48.69 to €92.67) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ArcelorMittal S.A
How large is the market capitalisation of ArcelorMittal S.A (0RP9)?
The market capitalisation of ArcelorMittal S.A is €26.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ArcelorMittal S.A (0RP9)?
The price-to-sales ratio of ArcelorMittal S.A is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of ArcelorMittal S.A (0RP9)?
The dividend yield of ArcelorMittal S.A is 1.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ArcelorMittal S.A (0RP9)?
The net margin of ArcelorMittal S.A is −1.4% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ArcelorMittal S.A (0RP9)?
The return on equity (ROE) of ArcelorMittal S.A is 5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ArcelorMittal S.A (0RP9)?
On an EBIT basis the return on assets of ArcelorMittal S.A is 4.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ArcelorMittal S.A (0RP9)?
The operating margin of ArcelorMittal S.A is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ArcelorMittal S.A (0RP9)?
Revenue at ArcelorMittal S.A is growing +4.5% versus a year earlier (3y avg −8.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ArcelorMittal S.A (0RP9)?
Earnings per share at ArcelorMittal S.A are growing −27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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