Ati Inc (ATI)

Steel Pipe & Tubes

Latest Price

$189.40

TTM P/E

55.38

Normalized P/E

86.50

Div Yield

Book Value

13.75

P/B Ratio

13.77

Valuation metrics

EPS: $2.85

Book value / share: $13.27

Formula: √(22.5 × EPS × BVPS)

Graham Number

$29.18

85% downside

Norm. op. income: $366M (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$11.78

94% downside

Base FCF: $168M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$11.28

94% downside

EPS: $2.85

Target P/E: 87×

Formula: EPS × P/E

P/E Fair Value

$247.95

+31% upside

94.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	18.71M	$3.69B	13.74%	+2.27M	2026-06-30
Vanguard Portfolio Management LLC	6.22M	$1.23B	4.57%	+398.4K	2026-06-30
Vanguard Capital Management LLC	6.16M	$1.21B	4.53%	+38.3K	2026-06-30
Capital World Investors	5.25M	$1.03B	3.85%	-463.7K	2026-06-30
State Street Corp	5.24M	$1.03B	3.85%	-143.7K	2026-06-30
Capital Research Global Investors	5.09M	$1.00B	3.74%	-1.07M	2026-06-30
FMR LLC	4.99M	$983.0M	3.66%	-258.0K	2026-06-30
Capital International Investors	3.72M	$733.0M	2.73%	-2.16M	2026-06-30
Invesco Ltd.	3.45M	$679.0M	2.53%	-406.4K	2026-06-30
Geode Capital Management, LLC	2.78M	$547.0M	2.04%	-169.8K	2026-06-30