Is ATI, Inc. (Texas) overvalued or undervalued?

As of 26 September 2025, the valuation grade for ATI, Inc. (Texas) moved from fair to expensive. The company appears to be overvalued given its current P/E ratio of 29, which is significantly higher than the peer average of 24.85, and its Price to Book Value of 6.34, indicating a premium over its book value compared to peers like Carpenter Technology Corp. with a P/E of 38.67. Additionally, the EV to EBITDA ratio of 17.95 suggests that the company is trading at a higher multiple compared to the industry average.
In terms of peer comparison, while ATI, Inc. has a solid ROE of 21.98% and ROCE of 17.75%, it still lags behind competitors like Centrus Energy Corp., which has a higher P/E ratio of 38.83. The company's recent stock performance has outpaced the S&P 500, with a year-to-date return of 50.45% compared to the index's 12.96%, reinforcing the notion that the stock may be overvalued despite its strong recent performance.