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Mondi vs ArcelorMittal: Which Stock Looks Stronger in 2026?

ArcelorMittal holds the cleaner structural position, with the lead spread across profitability and valuation. On the market side, ArcelorMittal is in better shape — its trend is intact while Mondi's trend has broken down. That puts structure and market broadly in agreement — ArcelorMittal's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The clearest score difference appears in profitability. The overall score gap is 12 points in favour of ArcelorMittal S.A..

Trajectory Similarity
0.73
Similar
Peer-set rank: #5
within Mondi plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in capital structure and margin trend.

Similarity drivers
capital structuremargin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
MNDI.L
Mondi plc
49
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
MT.AS
ArcelorMittal S.A.
61
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: MNDI.L vs MT.AS Profitability 45 66 Stability 29 37 Valuation 58 77 Growth 59 52 MNDI.L MT.AS
Gap Ranking
#1 Profitability +21
#2 Valuation +19
#3 Stability +8
#4 Growth +7
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MNDI.L and MT.AS Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MNDI.LMT.AS Relative valuation Structural strength

ArcelorMittal S.A. and Mondi plc look relatively close on structure, but the price setup still leans toward ArcelorMittal S.A..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but ArcelorMittal S.A. leads clearly.
Valuation
On valuation, the same pattern holds: both rank well, but ArcelorMittal S.A. still sits higher.
Profitability — Dominant Gap
MNDI.L
45
MT.AS
66
Gap+21in favour of MT.AS

The profitability gap is clear, with the stronger side earning materially better operating marks.

What keeps the gap from being one-sided

Mondi plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both profitability and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the MNDI.L vs MT.AS comparison across all dimensions with the full interactive tool.

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Similar profitability-and-valuation comparisons

Explore how MNDI.L and MT.AS each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.