Does AT & S Austria Technologie & Systemtechnik (WBAG:ATS) Still Offer Value After 322% Rally?

For profitable companies, the P/E ratio is a useful way to relate what you pay for a share to the earnings it currently generates. It gives you a quick sense of how many euros investors are willing to pay today for each euro of annual profit.

What counts as a “normal” P/E partly comes down to growth expectations and risk. Higher expected earnings growth and lower perceived risk usually justify a higher P/E, while more uncertainty or weaker growth potential tends to be associated with a lower P/E.

AT & S currently trades on a P/E of 26.99x. That sits very close to the Electronic industry average of about 27.09x and below the peer group average of 37.14x. Simply Wall St also calculates a proprietary “Fair Ratio” for the stock of 32.13x. This metric aims to capture what a reasonable P/E might be given AT & S’s earnings growth profile, industry, profit margins, market cap and risk characteristics.

Because the Fair Ratio adjusts for those company specific factors, it can be more informative than a simple comparison with peers or the industry. With the current P/E of 26.99x sitting below the Fair Ratio of 32.13x, the shares screen as UNDERVALUED on this measure.

Result: UNDERVALUED

WBAG:ATS P/E Ratio as at Feb 2026

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Earlier we mentioned that there is an even better way to think about valuation, so let us introduce you to Narratives, which let you attach a clear story to your numbers by tying your view on a company to your own assumptions about fair value, future revenue, earnings and margins. A Narrative links what you believe about a company’s business to a financial forecast, and then to a fair value that you can easily compare with today’s share price. On Simply Wall St, Narratives sit inside the Community page, where millions of investors can quickly set their assumptions, see the implied fair value, and decide whether the gap between fair value and price suggests a potential opportunity or a reason for caution. As new information such as news or earnings is released, these Narratives update so your story and numbers stay aligned with the latest data. For AT & S, one investor might set a relatively high fair value based on stronger revenue and margin assumptions, while another might set a much lower fair value using more conservative estimates, and Narratives make those differences clear at a glance.

Do you think there’s more to the story for AT & S Austria Technologie & Systemtechnik? Head over to our Community to see what others are saying!

WBAG:ATS 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ATS.VI.

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