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ATI (STU:ATD) Cyclically Adjusted PS Ratio : 1.74 (As of May. 24, 2024)


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What is ATI Cyclically Adjusted PS Ratio?

As of today (2024-05-24), ATI's current share price is €54.38. ATI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €31.32. ATI's Cyclically Adjusted PS Ratio for today is 1.74.

The historical rank and industry rank for ATI's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:ATD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.63   Max: 1.77
Current: 1.72

During the past years, ATI's highest Cyclically Adjusted PS Ratio was 1.77. The lowest was 0.16. And the median was 0.63.

STU:ATD's Cyclically Adjusted PS Ratio is ranked worse than
55.92% of 2196 companies
in the Industrial Products industry
Industry Median: 1.43 vs STU:ATD: 1.72

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ATI's adjusted revenue per share data for the three months ended in Mar. 2024 was €6.505. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €31.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ATI Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ATI's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ATI Cyclically Adjusted PS Ratio Chart

ATI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.46 0.44 0.85 1.33

ATI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.26 1.18 1.33 1.49

Competitive Comparison of ATI's Cyclically Adjusted PS Ratio

For the Metal Fabrication subindustry, ATI's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ATI's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATI's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ATI's Cyclically Adjusted PS Ratio falls into.



ATI Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

ATI's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=54.38/31.32
=1.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ATI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ATI's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.505/131.7762*131.7762
=6.505

Current CPI (Mar. 2024) = 131.7762.

ATI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.690 100.560 10.077
201409 7.685 100.428 10.084
201412 7.932 99.070 10.551
201503 9.701 99.621 12.832
201506 8.491 100.684 11.113
201509 6.915 100.392 9.077
201512 6.322 99.792 8.348
201603 6.340 100.470 8.315
201606 6.723 101.688 8.712
201609 6.398 101.861 8.277
201612 7.034 101.863 9.100
201703 6.315 102.862 8.090
201706 6.106 103.349 7.786
201709 6.770 104.136 8.567
201712 6.555 104.011 8.305
201803 5.457 105.290 6.830
201806 5.927 106.317 7.346
201809 5.988 106.507 7.409
201812 6.227 105.998 7.741
201903 7.052 107.251 8.665
201906 6.531 108.070 7.964
201909 6.305 108.329 7.670
201912 6.245 108.420 7.590
202003 5.907 108.902 7.148
202006 5.403 108.767 6.546
202009 4.010 109.815 4.812
202012 4.278 109.897 5.130
202103 4.588 111.754 5.410
202106 4.024 114.631 4.626
202109 4.042 115.734 4.602
202112 5.317 117.630 5.956
202203 4.957 121.301 5.385
202206 7.285 125.017 7.679
202209 6.912 125.227 7.274
202212 4.373 125.222 4.602
202303 6.460 127.348 6.685
202306 6.432 128.729 6.584
202309 6.398 129.860 6.492
202312 6.518 129.419 6.637
202403 6.505 131.776 6.505

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ATI  (STU:ATD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


ATI Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of ATI's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ATI (STU:ATD) Business Description

Industry
Traded in Other Exchanges
Address
2021 McKinney Avenue, Dallas, TX, USA, 75201
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the Advanced Alloys and Solutions segment. The AA&S segment is focused on delivering high-value flat products, Other important end markets for AA&S include automotive & electronics. AA&S produces nickel-based alloys, titanium & titanium-based alloys, & specialty alloys in a variety of forms including plate, sheet, and strip products. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada and Others, the majority is from the United States.

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