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ATI (ATI) Cyclically Adjusted PS Ratio : 1.51 (As of Apr. 27, 2024)


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What is ATI Cyclically Adjusted PS Ratio?

As of today (2024-04-27), ATI's current share price is $51.75. ATI's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $34.27. ATI's Cyclically Adjusted PS Ratio for today is 1.51.

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

ATI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.62   Max: 1.51
Current: 1.51

During the past years, ATI's highest Cyclically Adjusted PS Ratio was 1.51. The lowest was 0.16. And the median was 0.62.

ATI's Cyclically Adjusted PS Ratio is ranked worse than
50.88% of 2152 companies
in the Industrial Products industry
Industry Median: 1.405 vs ATI: 1.51

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 Dec. 2023 was $7.108. 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 $34.27 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.85 1.12 1.26 1.18 1.33

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
=51.75/34.27
=1.51

* 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 Dec. 2023 is calculated as:

For example, ATI's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.108/129.4194*129.4194
=7.108

Current CPI (Dec. 2023) = 129.4194.

ATI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.227 99.695 11.978
201406 10.448 100.560 13.447
201409 9.904 100.428 12.763
201412 9.781 99.070 12.777
201503 10.499 99.621 13.639
201506 9.529 100.684 12.249
201509 7.760 100.392 10.004
201512 6.886 99.792 8.930
201603 7.060 100.470 9.094
201606 7.554 101.688 9.614
201609 7.181 101.861 9.124
201612 7.419 101.863 9.426
201703 6.754 102.862 8.498
201706 6.860 103.349 8.590
201709 8.070 104.136 10.029
201712 7.757 104.011 9.652
201803 6.729 105.290 8.271
201806 6.924 106.317 8.429
201809 6.988 106.507 8.491
201812 7.085 105.998 8.651
201903 7.968 107.251 9.615
201906 7.380 108.070 8.838
201909 6.944 108.329 8.296
201912 6.939 108.420 8.283
202003 6.527 108.902 7.757
202006 6.085 108.767 7.240
202009 4.724 109.815 5.567
202012 5.204 109.897 6.128
202103 5.461 111.754 6.324
202106 4.848 114.631 5.473
202109 4.756 115.734 5.318
202112 6.008 117.630 6.610
202203 5.459 121.301 5.824
202206 7.701 125.017 7.972
202209 6.844 125.227 7.073
202212 4.633 125.222 4.788
202303 6.916 127.348 7.029
202306 6.969 128.729 7.006
202309 6.828 129.860 6.805
202312 7.108 129.419 7.108

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  (NYSE:ATI) 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 (ATI) 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.
Executives
Elliot S Davis officer: Sr VP, GC, CCO and Secretary 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
James C Diggs director 1000 SIX PPG PL, PITTSBURGH PA 15222
Timothy J Harris officer: Senior VP and CDIO C/O ALLEGHENY TECHNOLOGIES INCORPORATED, PITTSBURGH PA 15222
Ruby Sharma director 24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jimmy Jr. Williams officer: SVP, CTO C/O ATI INC., 2021 MCKINNEY AVE., SUITE 1100, DALLAS TX 75201
Robert S Wetherbee officer: EVP, ATI Flat-Rolled Products MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
Tina Killough Busch officer: SVP, CHRO C/O ATI INC., 2021 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Karl D Schwartz officer: Controller & Princ. Acctg Off. 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
Kevin B Kramer officer: Sr. VP, CCMO C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Donald P Newman officer: SVP and CFO 224 S 108TH AVENUE, OMAHA NE 68154
Marianne Kah director C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15222
Elizabeth C Powers officer: Senior VP, CHRO C/O DRESSER-RAND GROUP INC., PAUL CLARK DRIVE, OLEAN NY 14760
M Leroy Ball director 436 SEVENTH AVENUE, PITTSBURGH PA 15219
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Kimberly A Fields officer: EVP, Flat Rolled Products C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217