Carpenter Technology Corporation (CRS) fair value: what the stock is really worth
We calculate from audited financials what Carpenter Technology Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Industrials · US · Market cap $28.7B · ISIN US1442851036
At a glance
CTCarpenter Technology CorporationCRS · US
Price$458.45
Fair Value$101.35
Upside−77.9%
Quality67/100
A solid business, but trading 352% above our fair value of $101.35.
As of Aug 29, 2026, the fair value of Carpenter Technology Corporation is $101.35 per share against a price of $458.45, so the fair value sits 78% below the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +5.7 %/yr)
✓Solidly profitable · 15.8% net margin
✓Low debt · generates free cash flow
·0.17% dividend yield
!Mixed vs. peers (6/15)
✓Wide moat 74/100
!Weak on dividend: 3 out of 100
Evidence: HighRange $61.80 to $150.26
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 12 days ago
Share price −18.1% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case ($150.26). The favourable scenario is already priced in.
Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range ($61.80 to $150.26) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $24.39 – $619.25 · fair‑value band $61.80 – $150.26 · the $458.45 price screens above the $101.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Carpenter Technology Corporation (CRS) currently trades at $458.45, while our model-based Fair Value estimate is $101.35, implying the stock looks roughly 352.3% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $115.58 per share, and 0 of the 26 models we run sit above the $458.45 price. Bear case: the Dividend Discount group reads lowest at $12.16, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Carpenter Technology Corporation generated revenue of $3.0B at a net margin of 15.8%. Revenue grew 11.6% year over year. It earns a return on equity of 24.9%. Net debt stands at $423M. Fundamentals as of Aug 29, 2026
Scenario range: $61.80 (bear) to $150.26 (bull), the price of $458.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 7% below its 52-week high and 101% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −78%, CRS screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($8.72 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($12.16 to $155.68). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio48.2
P/S ratio6.29P/E × margin
EPS (TTM)$9.52price ÷ EPS = P/E 48.2
Dividend yield0.2%payout 8.4%
Net margin13.1%FY2025
Return on equity24.9%TTM
More key figures
Profitability
Return on assets (EBIT)4.0%avg 5y
Operating margin22.8%TTM
Growth
Revenue (TTM)$3.0BTTM
Revenue growth (YoY)+11.6%3y avg +16.1%
EPS growth (YoY)+47.3%
Balance sheet & cash flow
Free cash flow$286MFY2025
Net debt$423MFY2025 · ≈ 1.5 yrs of FCF
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality67/100
Of which business quality 63
· Market factors (momentum, volatility) 59
Profitability59
Margins and returns on capital today
Quality Growth75
Are margins and returns improving?
Cashflow51
Earnings quality: real cash, not paper profit
Fin. Strength68
Balance sheet, leverage, solvency risk
Investment63
Disciplined investing over empire-building
Low Volatility35
Calm price path (market factor)
Momentum63
Price trend over the last 3–12 months (market factor)
52W Momentum79
Distance to the 52-week high (market factor)
Net Issuance70
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products.
Full company description
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as metal powders and parts. It serves the aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Carpenter Technology Corporation reported revenue of $2.9B in FY2025 versus $1.5B in FY2021, a compound +18.2%/yr. Reported net income was $376M in FY2025.
Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$2.9B
Latest YoY
+4.3%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Avg. revenue growth/yr (39Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+26.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+26.1%
Dividend yield0.2%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 33.5% vs 10Y 20.9%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1.2% (2020) → 18.1% (2025) · rising
Worst earnings drop205% (2021) (loss year, drop beyond 100%) · in USD
Revenue+18.2%/yr
FY21$1.5B
FY22$1.8B
FY23$2.6B
FY24$2.8B
FY25$2.9B
Net income
FY21−$230M
FY22−$49.1M
FY23$56.4M
FY24$187M
FY25$376M
Character of growth · EPS growth decomposed (2014-2025)+13.6 % p.a.
Revenue per share+3.4 %
of which total revenue +3.1 % · buybacks/dilution +0.3 %
EBIT margin+7.9 %
Tax rate+2.5 %
Residual (interest, one-offs)−0.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score67 · Top 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)16% · Top 25%
Operating margin (TTM)23% · Top 25%
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.37× · Highest 25%
Valuation Multiples vs Metal Fabrication median · lower = cheaper
P/E (TTM)48.2× · Priciest 25%
P/B15.20× · Priciest 25%
P/S (TTM)9.47× · Priciest 25%
P/FCF100.2× · Priciest 25%
EV/EBITDA37.9× · Priciest 25%
PEG1.59× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Carpenter Technology Corporation deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+27.3 % per year
Achieved revenue growth, 5 years+5.7 % p.a.
Sector median revenue growth+3.2 %
FCF yield on price1.23 %
Discount rate (WACC) in the models9.7 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE58· sector 35
PAST100· sector 21
HEALTH82· sector 95
DIVIDEND3· sector 26
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
Is Carpenter Technology Corporation (CRS) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of $101.35 versus a price of $458.45, about −78% upside (overvalued).
What is the fair value of CRS?
Our model-based fair value for Carpenter Technology Corporation is $101.35 (as of Aug 29, 2026), built from audited fundamentals. The current price: $458.45.
What is the quality score of CRS?
Carpenter Technology Corporation has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Carpenter Technology Corporation (CRS)?
Our model-based price target is the fair value of $101.35 (as of Aug 29, 2026) from 26 valuation models. Cautious scenario $61.80, optimistic scenario $150.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Carpenter Technology Corporation stock forecast for 2026?
Our models put fair value at $101.35, about −78% upside versus a price of $458.45 (overvalued). Cautious scenario $61.80, optimistic scenario $150.26. The calculation is refreshed regularly with new filings.
What is the revenue of Carpenter Technology Corporation (CRS)?
Carpenter Technology Corporation reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of CRS?
The net profit margin of Carpenter Technology Corporation is about 15.8%, meaning it keeps roughly 15.8% of revenue as net income. Based on the latest reported figures.
Does Carpenter Technology Corporation pay a dividend?
Carpenter Technology Corporation currently shows a dividend yield of about 0.17% relative to its recent price (as of Aug 29, 2026).
What growth is priced into Carpenter Technology Corporation (CRS)?
For today's price to be fair in a discounted-cash-flow model, Carpenter Technology Corporation would have to grow free cash flow by +27.3 % per year for ten years (discount rate 9.7 %, then 2 % perpetual growth). Over the last 5 years revenue grew +5.7 % per year. As of Aug 29, 2026.
What discount rate (WACC) does the fair value of CRS use?
Our models discount Carpenter Technology Corporation at 9.7 %: a base by market capitalisation (large), damped by beta 1.22, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Carpenter Technology Corporation (CRS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Carpenter Technology Corporation it is $101.35 per share (as of Aug 29, 2026), against a price of $458.45. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Carpenter Technology Corporation stock overvalued or undervalued in 2026?
As of Aug 29, 2026, CRS trades above its calculated fair value: price $458.45, fair value $101.35, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRS?
No. The price is what the market pays today ($458.45); the fair value is what the company's own numbers justify ($101.35). For Carpenter Technology Corporation the two are $357.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Carpenter Technology Corporation worth?
The market values Carpenter Technology Corporation at about $28.7B (market capitalisation, as of Aug 29, 2026). Per share that is $458.45; our models calculate a fair value of $101.35 per share.
What do the bullish and bearish scenarios say about CRS?
Our models span a range for Carpenter Technology Corporation: cautious scenario $61.80, base $101.35, optimistic $150.26 per share (as of Aug 29, 2026, price $458.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRS?
Carpenter Technology Corporation trades at a price-to-earnings ratio of 48.2 (as of Aug 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $101.35 is built from several models across several years. Other multiples: PEG 1.6, P/B 15.2, P/S 9.5, EV/EBITDA 37.9.
What is the PEG ratio of CRS?
The PEG ratio of Carpenter Technology Corporation is 1.59 (P/E divided by earnings growth, as of Aug 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Carpenter Technology Corporation (CRS)?
Balance-sheet figures for Carpenter Technology Corporation (as of Aug 29, 2026): return on equity 24.9%, debt of 0.37 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is CRS from its 52-week high?
Carpenter Technology Corporation trades at $458.45, about 7% below its 52-week high of $495.58 and 101% above the low of $227.57 (as of Aug 29, 2026). Distance from the high says nothing about value: that is what the fair value of $101.35 is for.
Which stocks are comparable to Carpenter Technology Corporation?
From the same area (Industrials) we also value ATI Inc, Mueller Industries, Inc, Aurubis AG, China International Marine Containers (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Carpenter Technology Corporation stock attractive at the current price?
The data as of Aug 29, 2026: price $458.45, calculated fair value $101.35 (−78%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRS calculated?
We run Carpenter Technology Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $101.35, with the spread shown as a cautious and an optimistic scenario.
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Carpenter Technology Corporation
CRS · US