# ATI Inc. (ATI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Building Products. Price $210.65, market value $28.7 billion.

## Valuation
- **P/E (trailing): 61.8×** (5-yr avg 24.7×, 3-yr avg 26.3×). ATI Inc. trades at 61.8× trailing earnings, well above its own five-year average of 24.7×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 33.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.81**. A PEG of 2.81 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 6.1×**. Each dollar of revenue is priced at 6.1×.
- **Price / book: 15.3×**. The shares trade at 15.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 31.7×**. Enterprise value is 31.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.8%** (5-yr avg 1.3%). Free cash flow equals 1.8% 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: 1.6%**. The inverse of the P/E: 1.6% of the price is earned each year.

## Profitability
- **Gross margin: 23.4%**. ATI Inc. keeps 23.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 15.2%**. 15.2% 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: 39.9%**. Return on all capital, debt included, is 39.9%: comfortably above what that capital costs.
- **Return on assets: 9.3%**. Each dollar of assets produces 9.3% 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.
- **Altman Z-score: 7.22**. A Z-score of 7.22 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 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 $248.44 (+18% 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): 173.0%** (YTD 83.6%, 3-mo 18.7%). The shares are up 173.0% over twelve months including dividends.
- **From 52-week high: -13.5%** (182.9% above the low). Trading 14% 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 1.62** (volatility 41%). Beta of 1.62 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.