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Mondi vs ArcelorMittal: Which Stock Looks Stronger in 2026?

ArcelorMittal holds the cleaner structural position, with the lead spread across valuation and growth. Mondi does not offset that deficit through any equally strong structural edge elsewhere. 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.

Updated 2026-04-05

The clearest separation starts in valuation, but growth adds another real layer to the result. The overall score gap is 23 points in favour of ArcelorMittal S.A..

Trajectory Similarity
0.74
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
36
Peer-Score
Signal qualityMedium
vs
MT.AS
ArcelorMittal S.A.
59
Peer-Score
Signal qualityMedium

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 19 39 Stability 32 34 Valuation 52 86 Growth 43 75 MNDI.L MT.AS
Gap Ranking
#1 Valuation +34
#2 Growth +32
#3 Profitability +20
#4 Stability +2
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. looks stronger both structurally and on relative valuation.

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

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but ArcelorMittal S.A. leads clearly.
Growth
On growth, the edge is clear — both rank well, but ArcelorMittal S.A. sits noticeably higher.
Valuation — Dominant Gap
MNDI.L
52
MT.AS
86
Gap+34in favour of MT.AS

The multiple-based pricing edge comes from a forward P/E that is 4.8 turns lower.

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 valuation and growth, 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 valuation-and-growth 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.

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.