Metallus Inc. (MTUS) is a Materials stock trading at $20.30 (as of 2026-09-02), with a market capitalization of $845.04M and a trailing P/E of 104.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications. It also provides custom-make precision steel components. It offers its products and services to the automotive, energy, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors. The company was formerly known as TimkenSteel Corporation and changed its name to Metallus Inc. in February 2024. Metallus Inc. was founded in 1899 and is headquartered in Canton, Ohio.
Metallus produces specialty alloy and carbon steel bars, seamless tubes, and precision components for automotive, aerospace/defense, and energy customers, earning a processing margin on each ton melted and shipped. The mix leans heavily toward industrial end markets, with automotive pieces and A&D orders providing the volume and pricing lift.
Profit is the narrow per-ton processing spread (roughly 10% gross) left after raw-material surcharges are passed through to buyers; the capability moat is alloy-forming expertise in SBQ bars and seamless tubes, not pricing power.
Business quality (Weak): A thin-margin specialty processor: 10% gross and 4% operating margins mean Metallus sits between volatile raw-material costs and price-sensitive OEM customers, with a 4% ROE that barely clears cost of capital. The specialty-steel niche offers some differentiation, but the spread is fragile.
Valuation: At 28× earnings, MTUS trades 30% above the Steel Works average (22×).
| Price | $20.30 |
| Market Cap | $845.04M |
| P/E Ratio | 104.3 |
| EV / EBITDA | 11.1 |
| Price / Book | 1.22 |
| Price / Sales | 0.69 |
| DCF Value (model) | $3.79 |
| DCF Upside vs Price | -81.3% |
| Revenue (TTM) | $1.16B |
| Net Margin | -0.1% |
| Revenue Growth (YoY) | 12.0% |
| EPS Growth (YoY) | 133.3% |
| Altman Z-Score | 2.25 (grey) |
| Stock P/E | 104.3 |
| Sector P/E (Materials) | 23.9 |
| Industry P/E (Steel Works) | 21.0 |
| vs Sector | 336.5% |
| vs Industry | 395.8% |
| Top Institutional Holder | BlackRock, Inc. ($92.44M) |
| Institutional Holders Tracked | 10 |
| Sector | Materials |
| Industry | Steel Works |
| CEO | Michael S. Williams |
| Employees | 1,880 |
| Country | US |
| IPO Date | 2014-06-19 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.