# ATI Inc. (ATI) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Basic Materials / Mining & Metals. Price $180.33, market value $24.5 billion.

## Valuation
- **P/E (trailing): 45.1×** (5-yr avg 24.7×, 3-yr avg 26.3×). ATI Inc. trades at 45.1× trailing earnings, well above its own five-year average of 24.7×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 27.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.34**. A PEG of 2.34 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 4.9×**. Each dollar of revenue is priced at 4.9×.
- **Price / book: 12.2×**. The shares trade at 12.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 24.0×**. Enterprise value is 24.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.7%** (5-yr avg 1.3%). Free cash flow equals 1.7% of the market value, above its five-year average of 1.3%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 24.5%**. ATI Inc. keeps 24.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 16.5%**. 16.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 8.8%**. 8.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.4%**. 22.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 46.0%**. Return on all capital, debt included, is 46.0%: comfortably above what that capital costs.
- **Return on assets: 10.9%**. Each dollar of assets produces 10.9% of profit.

## Growth
- **Revenue growth (1 yr): 5.2%** (3-yr 6.1%/yr, 5-yr 10.4%/yr). Revenue grew 5.2% over the last year, against 10.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 11.8%** (3-yr 8.5%/yr, 5-yr 16.6%/yr). Earnings per share rose 11.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 52.5%/yr**. Free cash flow has compounded at 52.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.02**. Debt is 0.02 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. ATI Inc. holds more cash than debt.
- **Current ratio: 2.66** (quick 2.66). Current assets cover the next year's liabilities 2.66 times.
- **Altman Z-score: 6.82**. A Z-score of 6.82 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. ATI Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (9 analysts). 9 analysts cover ATI Inc.; the consensus is strong_buy, with an average price target of $247.22 (+37% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 76.2%** (YTD 52.0%, 3-mo -9.7%). The shares are up 76.2% over twelve months including dividends.
- **From 52-week high: -26.0%** (93.7% above the low). Trading 26% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.67** (volatility 42%). Beta of 1.67 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ATI · Page: https://foliofundamentals.com/stocks/ati

Not investment advice.