CLF tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Cleveland-Cliffs Inc. Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	6.8555
Dec 31, 2024	8.2479
Dec 31, 2023	13.5608
Dec 31, 2022	12.9056
Dec 31, 2021	7.9516
Dec 31, 2020	3.9182
Dec 31, 2019	0.7494
Dec 31, 2018	-0.668
Dec 31, 2017	-1.7279
Dec 31, 2016	-7.0136
Dec 31, 2015	-12.2221
Dec 31, 2014	-11.5207
Dec 31, 2013	44.2535
Dec 31, 2012	38.3875
Dec 31, 2011	40.9359
Dec 31, 2010	25.6199
Dec 31, 2009	18.7808
Dec 31, 2008	16.199
Dec 31, 2007	17.0651
Dec 31, 2006	11.9307
Dec 31, 2005	10.307
Dec 31, 2004	6.5152
Dec 31, 2003	2.8361
Dec 31, 2002	1.2249
Dec 31, 2001	4.9794
Dec 31, 2000	5.1179
Dec 31, 1999	4.5867
Dec 31, 1998	4.8839
Dec 31, 1997	4.4671
Dec 31, 1996	3.9946
Dec 31, 1995	3.586
Dec 31, 1994	3.2195
Dec 31, 1993	2.924
Dec 31, 1992	2.817
Dec 31, 1991	3.0742
Dec 31, 1990	3.108
Dec 31, 1989	2.4241
Dec 31, 1988	1.5988
Dec 31, 1987	3.1961
Dec 31, 1986	2.7727
Dec 31, 1985	3.1739