P/E ratio for Allegheny Technologies (ATI)
P/E ratio as of May 2024 (TTM): 25.9
According to Allegheny Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.867. At the end of 2022 the company had a P/E ratio of 29.9.
P/E ratio history for Allegheny Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.9 | -156.23% |
| 2021 | -53.1 | 3832.63% |
| 2020 | -1.35 | -113.4% |
| 2019 | 10.1 | -18.06% |
| 2018 | 12.3 | -143.82% |
| 2017 | -28.1 | 953.72% |
| 2016 | -2.66 | -16.41% |
| 2015 | -3.19 | -99.73% |
| 2014 | < -1000 | -4751.61% |
| 2013 | 24.9 | 22.28% |
| 2012 | 20.4 | -10.91% |
| 2011 | 22.9 | -69.74% |
| 2010 | 75.6 | -45.97% |
| 2009 | 140 | 3034.6% |
| 2008 | 4.46 | -62.03% |
| 2007 | 11.8 | -25.33% |
| 2006 | 15.7 | 64.5% |
| 2005 | 9.57 | -90.73% |
| 2004 | 103 | -3144.2% |
| 2003 | -3.39 | -55.38% |
| 2002 | -7.60 | -85.94% |
| 2001 | -54.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kennametal KMT | 17.3 | -32.99% | 🇺🇸 USA |
 Haynes International
HAYN | 16.5 | -36.37% | 🇺🇸 USA |
 Valmont Industries
VMI | 35.3 | 36.57% | 🇺🇸 USA |
 Carpenter Technology CRS | 50.4 | 94.77% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.