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STOCK COMPARISON

Allegheny Technologies vs MM Forgings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Allegheny Technologies (ATI) and MM Forgings (MMFL) compare, as of Oct 6, 2026.

As of Oct 6, 2026, Fair Value Calculator sees MM Forgings as the less overvalued of the two: Allegheny Technologies trades at $193 versus a fair value of $46.88 (−75.7%), while MM Forgings trades at ₹553 versus ₹370 (−33.1%).
Allegheny Technologies
ATI · USD · Industrials
−75.7%
upside to fair value
overvalued
Price$193
Fair Value$46.88
Quality62/100
MM Forgings
MMFL.NSE · INR · Industrials
−33.1%
upside to fair value
overvalued
Price₹553
Fair Value₹370
Quality42/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Allegheny TechnologiesMM Forgings
Valuation
56.6×P/E (TTM)15.7×
59.6×P/E ex one-offs (FY2025)n/a
30.3×Forward P/E (FY2027)n/a
5.57×P/S (TTM)1.75×
14.56×P/B2.96×
30.1×EV/EBITDA11.3×
1.20×PEGn/a
−75.7%Fair value upside−33.1%
0.1%Dividend yield0.7%
n/aDividend per share₹4.00
Profitability
18.2%Operating margin10.7%
n/aEBIT margin trend (5Y)1.31×
25.4%Return on equity10.6%
8.8%Return on assets4.6%
Growth
10.6%Revenue growth (YoY)16.3%
n/aAvg. growth/yr (3Y)2.8%
n/aAvg. growth/yr (5Y)16.1%
+12.5%Value creation/yr+4.0%
Balance & size
5.7×Interest coverage (EBIT/interest)2.3×
0.95×Debt / equity0.61×
$26BMarket cap$300M
healthyGrowth qualityexpensive
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

MM Forgings leads: 5 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Allegheny Technologiesof which business quality 60 · market factors 72 MM Forgingsof which business quality 42 · market factors 75
ProfitabilityMargins and returns on capital today
56
38
Quality GrowthAre margins and returns improving?
62
31
CashflowEarnings quality: real cash, not paper profit
48
33
Fin. StrengthBalance sheet, leverage, solvency risk
53
39
InvestmentDisciplined investing over empire-building
51
35
Low VolatilityCalm price path (market factor)
51
55
MomentumPrice trend over the last 3–12 months (market factor)
77
83
52W MomentumDistance to the 52-week high (market factor)
87
83
Net IssuanceShare count: buybacks or dilution?
100
85

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAllegheny TechnologiesPrice $193MM ForgingsPrice ₹553
DCF Models−76.6%below the price$45.09−61.8%below the price₹211
Earnings-Based−82.5%below the price$33.77−59.5%below the price₹224
Dividend Discount−99.3%below the price$1.33−90.3%below the price₹53.58
Multiples−70.6%below the price$56.70−25.2%below the price₹413
Asset-Based−95.4%below the price$8.88−75.4%below the price₹136
Growth DCF−78.0%below the price$42.53n/a
Economic Profit−84.8%below the price$29.37−61.9%below the price₹211
Growth Earnings−74.4%below the price$49.36−33.1%below the price₹370
Minimum−99.3%below the price$1.33−90.3%below the price₹53.58
Maximum−70.6%below the price$56.70−25.2%below the price₹413
Median−80.2%below the price$38.15−61.8%below the price₹211
Geometric mean−88.4%below the price$22.38−64.6%below the price₹196

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Allegheny Technologies: 25 of 25 models see the stock below the current price.

MM Forgings: 15 of 17 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Allegheny Technologies
Price $193
Fair Value $46.88
Bear $27.21Bull $64.17
MM Forgings
Price ₹553
Fair Value ₹370
Bear ₹259Bull ₹480

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Allegheny Technologies · Industrials

Quality score62 · Top 25%
Fair value upside−75.7% · bottom 25%

MM Forgings · Industrials

Quality score42 · bottom 25%
Fair value upside−33.1% · below median

Bottom line

As of Oct 6, 2026, Fair Value Calculator sees MM Forgings as the less overvalued of the two: Allegheny Technologies trades at $193 versus a fair value of $46.88 (−75.7%), while MM Forgings trades at ₹553 versus ₹370 (−33.1%).

Allegheny Technologies has the higher quality score (62/100).

Open MM Forgings live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.