Carpenter Technology Corporation's (NYSE:CRS) Shares Climb 32% But Its Business Is Yet to Catch Up
Jul 26
U.S. Steel Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies39
- 7D-0.8%
- 3M-2.6%
- 1Y9.0%
- YTDn/a
Last week, the Steel industry hasn't moved much but Carpenter Technology is up 14% in that time. The past year has been better, since the industry has gained 9.0% in that time. Looking forward, earnings are forecast to grow by 7.2% annually.
Industry Valuation and Performance
Has the U.S. Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | US$139.9b | US$170.0b | US$11.4b | 11.8x | 12.3x | 0.8x |
| Sun, 23 Jun 2024 | US$137.1b | US$173.0b | US$13.1b | 11x | 10.5x | 0.8x |
| Tue, 21 May 2024 | US$148.0b | US$173.6b | US$13.1b | 12.9x | 11.3x | 0.9x |
| Thu, 18 Apr 2024 | US$155.8b | US$174.6b | US$14.0b | 11.9x | 11.1x | 0.9x |
| Sat, 16 Mar 2024 | US$148.4b | US$175.0b | US$14.2b | 12.1x | 10.5x | 0.8x |
| Mon, 12 Feb 2024 | US$151.1b | US$174.0b | US$14.1b | 12.8x | 10.8x | 0.9x |
| Wed, 10 Jan 2024 | US$143.8b | US$175.6b | US$14.8b | 16.1x | 9.7x | 0.8x |
| Fri, 08 Dec 2023 | US$135.0b | US$175.7b | US$14.8b | 12.5x | 9.1x | 0.8x |
| Sun, 05 Nov 2023 | US$132.4b | US$176.9b | US$15.0b | 11x | 8.8x | 0.7x |
| Tue, 03 Oct 2023 | US$133.7b | US$181.1b | US$17.4b | 8.5x | 7.7x | 0.7x |
| Thu, 31 Aug 2023 | US$137.9b | US$181.3b | US$17.4b | 8.8x | 7.9x | 0.8x |
| Sat, 29 Jul 2023 | US$135.3b | US$180.0b | US$17.5b | 9.6x | 7.7x | 0.8x |
| Mon, 26 Jun 2023 | US$125.0b | US$186.3b | US$20.1b | 8.9x | 6.2x | 0.7x |
| Wed, 24 May 2023 | US$115.6b | US$186.5b | US$20.4b | 9.1x | 5.7x | 0.6x |
| Fri, 21 Apr 2023 | US$128.5b | US$191.1b | US$23.8b | 6.5x | 5.4x | 0.7x |
| Sun, 19 Mar 2023 | US$120.3b | US$191.9b | US$24.4b | 5.6x | 4.9x | 0.6x |
| Tue, 14 Feb 2023 | US$136.4b | US$194.4b | US$27.1b | 5.5x | 5x | 0.7x |
| Thu, 12 Jan 2023 | US$126.0b | US$197.1b | US$29.3b | 4.6x | 4.3x | 0.6x |
| Sat, 10 Dec 2022 | US$118.0b | US$196.9b | US$29.4b | 4.4x | 4x | 0.6x |
| Mon, 07 Nov 2022 | US$112.5b | US$196.8b | US$29.4b | 4.4x | 3.8x | 0.6x |
| Wed, 05 Oct 2022 | US$103.3b | US$196.0b | US$33.4b | 4x | 3.1x | 0.5x |
| Fri, 02 Sep 2022 | US$106.6b | US$195.8b | US$33.5b | 4.3x | 3.2x | 0.5x |
| Sun, 31 Jul 2022 | US$112.3b | US$192.7b | US$32.6b | 4.8x | 3.4x | 0.6x |
| Tue, 28 Jun 2022 | US$101.3b | US$183.8b | US$30.8b | 4.4x | 3.3x | 0.6x |
| Thu, 26 May 2022 | US$117.3b | US$182.3b | US$30.6b | 5.3x | 3.8x | 0.6x |
| Sat, 23 Apr 2022 | US$135.6b | US$173.6b | US$27.7b | 6.2x | 4.9x | 0.8x |
| Mon, 21 Mar 2022 | US$126.7b | US$167.3b | US$25.9b | 6x | 4.9x | 0.8x |
| Wed, 16 Feb 2022 | US$108.4b | US$161.0b | US$24.3b | 5.9x | 4.5x | 0.7x |
| Fri, 14 Jan 2022 | US$106.7b | US$146.3b | US$18.3b | 6.5x | 5.8x | 0.7x |
| Sun, 12 Dec 2021 | US$101.9b | US$144.8b | US$17.9b | 6.6x | 5.7x | 0.7x |
| Tue, 09 Nov 2021 | US$109.0b | US$144.3b | US$17.6b | 6.7x | 6.2x | 0.8x |
| Thu, 07 Oct 2021 | US$94.7b | US$119.1b | US$8.8b | 10x | 10.7x | 0.8x |
| Sat, 04 Sep 2021 | US$108.3b | US$120.5b | US$9.2b | 11.3x | 11.7x | 0.9x |
| Mon, 02 Aug 2021 | US$103.6b | US$120.5b | US$9.2b | 10.6x | 11.2x | 0.9x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are optimistic on the American Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.3x which is higher than its 3-year average PE of 6.9x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 7.2% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Steel compare with similar industries?
| US Market | -2.42% | |
| Materials | -0.89% | |
| Metals and Mining | -2.06% | |
| Steel | -0.84% | |
| Copper | -1.17% | |
| Diversified Metals and Mining | -3.09% | |
| Gold | -3.38% | |
| Silver | -5.37% | |
| Precious Metals and Minerals | -9.91% | |
| Aluminum | -9.95% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRS Carpenter Technology | US$134.76 | 14.2% +US$831.4m | 128.9% | PE51x | |
| ATI ATI | US$64.28 | 8.8% +US$649.6m | 38.4% | PE20.4x | |
| X United States Steel | US$40.63 | 7.4% +US$627.3m | 62.3% | PE10.5x | |
| CMC Commercial Metals | US$59.05 | 1.7% +US$110.4m | 5.9% | PE12x | |
| RYI Ryerson Holding | US$25.27 | 6.5% +US$53.2m | -40.1% | PE9.6x |
