Alcoa Corporation (AA) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is one of the world's largest bauxite miners and...
Alcoa Corporation (AA) currently trades at a P/E ratio of 8.57 (historical range: 8.28–140.84, median: 13.53), placing it at the 0th percentile — cheap relative to its history, P/S ratio of 0.80 (range: 0.52–2.61, 31th percentile — below its historical average), EV/EBITDA of 8.39 (range: 6.57–99.97, 8th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Alcoa Corporation's P/E ratio has expanded by 112% over the observed period (from an average of 14.9 to 31.4).
Alcoa Corporation trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 8.57 | 13.53 | 0th | cheap relative to its history |
| P/S Ratio | 0.80 | 0.89 | 31th | below its historical average |
| EV/EBITDA | 8.39 | 13.36 | 8th | cheap relative to its history |
| FCF Yield | 3.22% | 1.08% | 77th | below its historical average |
Alcoa Corporation (AA) Valuation & P/E History
Alcoa Corporation (AA) is a US-listed stock operating in the Industrials sector, specifically the Primary Production Of Aluminum industry currently trading at $41.41 with a market capitalization of $10.9 billion. This page provides historical valuation analysis for AA based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 8.57 is below the historical median of 13.53, placing AA at the 0th percentile of its valuation range. The P/S ratio of 0.80 compares to a median of 0.89.
AA Valuation Metrics & Historical Range
The valuation table above shows Alcoa Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether AA is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests AA is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Alcoa Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is AA Overvalued or Undervalued?
Alcoa Corporation trades well below its historical valuation range across most metrics. The overall valuation percentile of 13 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive AA is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full AA analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.AA trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.