• Return to Headlines

Haynes International has the Highest EV/EBITDA Ratio in the Steel Industry (HAYN, ZEUS, CRS, X, SCHN)

By Shiri Gupta

Below are the three companies in the Steel industry with the highest enterprise value to EBITDA (EV/EBITDA) ratios. EV/EBITDA is an important metric used in valuing comparable companies. It is capital structure neutral and generally the lower the ratio, the more undervalued the company is believed to be.

Haynes International ranks highest with a an EV/EBITDA ratio of 16.70. Olympic Steel is next with a an EV/EBITDA ratio of 16.20. Carpenter Technology ranks third highest with a an EV/EBITDA ratio of 16.08.

U.S. Steel follows with a an EV/EBITDA ratio of 14.92, and Schnitzer Steel Industries rounds out the top five with a an EV/EBITDA ratio of 14.15.

SmarTrend recommended that its subscribers protect gains by selling shares of U.S. Steel on March 8th, 2017 by issuing a Downtrend alert when the shares were trading at $36.32. Since that call, shares of U.S. Steel have fallen 44.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest ev/ebitda ratio haynes international olympic steel Carpenter Technology U.S. Steel schnitzer steel industries