CRS
Carpenter Technology Corporation Industrials - Metal Fabrication Investor Relations →
Carpenter Technology Corporation (CRS) closed at $586.47 as of 2026-06-19, trading 262.6% above its 200-week moving average of $161.74. The stock moved further from the line this week, up from 253.2% last week. With a 14-week RSI of 87, CRS is in overbought territory.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.19 ratio) is neutral — neither side is clearly dominating.
Over the past 2734 weeks of data, CRS has crossed below its 200-week moving average 35 times. On average, these episodes lasted 25 weeks. Historically, investors who bought CRS at the start of these episodes saw an average one-year return of +14.8%.
With a market cap of $29.1 billion, CRS is a large-cap stock. The company generates a free cash flow yield of 1.0%. Return on equity stands at 24.9%, indicating strong profitability. The stock trades at 14.1x book value.
Share count has increased 2.9% over three years, indicating dilution. CRS passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 33.5 years, a hypothetical investment of $100 in CRS would have grown to $10288, compared to $3097 for the S&P 500. That represents an annualized return of 14.8% vs 10.8% for the index — confirming CRS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CRS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CRS Crosses Below the Line?
Across 19 historical episodes, buying CRS when it crossed below its 200-week moving average produced an average return of +14.7% after 12 months (median +3.0%), compared to +7.4% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +82.9% vs +26.4% for the index.
Each line shows $100 invested at the moment CRS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices CRS would reach each dislocation threshold.
Dislocation Price Levels
Prices where CRS's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-30.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $376.30 | Unusually cheap — potential buy zone |
| Value | +1σ | $399.22 | Cheap vs. own history |
| Fair Value | +0σ | $425.11 | Historical mean behavior |
| Expensive | -1σ | $454.60 | Expensive vs. own history |
| Deep Expensive | -2σ | $488.48 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from CRS's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
CRS has crossed below its 200-week MA 35 times with an average 1-year return of +14.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Jul 1974 | 12 | 9.3% | -0.5% | +57241.9% |
| Jul 1974 | Apr 1975 | 38 | 32.8% | N/A | +57845.5% |
| May 1975 | Jul 1975 | 9 | 9.2% | +40.9% | +60726.8% |
| Jul 1975 | Jul 1975 | 1 | 1.0% | +39.6% | +60392.6% |
| Sep 1975 | Jan 1976 | 15 | 10.7% | +48.9% | +60392.6% |
| Feb 1982 | Feb 1982 | 2 | 3.2% | +10.9% | +19845.0% |
| Mar 1982 | Apr 1982 | 5 | 5.4% | +16.7% | +19845.0% |
| May 1982 | Nov 1982 | 24 | 21.2% | +24.5% | +19701.5% |
| Dec 1982 | Dec 1982 | 2 | 3.4% | +44.2% | +19351.7% |
| Jul 1984 | Aug 1984 | 5 | 10.8% | +4.3% | +18127.9% |
| Oct 1984 | Jan 1985 | 15 | 12.4% | -7.9% | +16683.0% |
| Mar 1985 | Jul 1985 | 18 | 13.5% | -9.1% | +17831.0% |
| Jul 1985 | Feb 1987 | 79 | 27.6% | -27.5% | +16890.2% |
| Mar 1987 | Mar 1987 | 1 | 1.2% | +20.2% | +17328.3% |
| Oct 1987 | Dec 1987 | 6 | 6.0% | +30.9% | +18352.0% |
| Oct 1990 | Dec 1990 | 9 | 11.9% | +23.0% | +13808.9% |
| Dec 1991 | Dec 1991 | 1 | 0.5% | +19.6% | +12485.1% |
| Jul 1992 | Aug 1992 | 5 | 2.4% | +30.5% | +12319.6% |
| Oct 1992 | Oct 1992 | 1 | 1.1% | +24.8% | +12043.4% |
| Aug 1998 | Nov 2000 | 117 | 41.0% | -31.5% | +5721.8% |
| Jan 2001 | Mar 2002 | 63 | 28.8% | -14.3% | +5801.4% |
| Jul 2002 | Sep 2003 | 59 | 56.3% | -32.2% | +7253.0% |
| Sep 2003 | Sep 2003 | 1 | 1.4% | +117.8% | +7920.9% |
| Jun 2008 | Nov 2010 | 128 | 72.0% | -52.2% | +1679.4% |
| Sep 2014 | Nov 2014 | 6 | 16.4% | -35.0% | +1434.5% |
| Nov 2014 | Sep 2017 | 146 | 46.8% | -28.2% | +1315.8% |
| Dec 2018 | Jan 2019 | 5 | 13.5% | +36.6% | +1568.9% |
| May 2019 | Jun 2019 | 1 | 0.4% | -41.1% | +1526.7% |
| Jan 2020 | Feb 2021 | 57 | 65.8% | -16.0% | +1421.7% |
| Apr 2021 | May 2021 | 1 | 5.1% | +3.3% | +1558.2% |
| Jun 2021 | Feb 2022 | 32 | 26.3% | -28.1% | +1499.6% |
| Feb 2022 | Mar 2022 | 2 | 6.0% | +45.0% | +1573.4% |
| May 2022 | Aug 2022 | 14 | 26.5% | +47.5% | +1661.9% |
| Aug 2022 | Sep 2022 | 1 | 5.9% | +100.5% | +1758.4% |
| Sep 2022 | Oct 2022 | 4 | 9.9% | +110.6% | +1719.4% |
| Average | 25 | — | +14.8% | — |
Frequently Asked Questions
Is CRS below its 200-week moving average?
No. Carpenter Technology Corporation (CRS) is currently 262.6% above its 200-week moving average of $161.74. It would need to fall to $161.74 to cross below the line.
What is CRS's 200-week moving average price?
Carpenter Technology Corporation's 200-week moving average is $161.74 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CRS drops below its 200-week moving average?
CRS has crossed below its 200-week moving average 35 times in our data. On average, buying at that moment produced a one-year return of +14.8%. These dips have historically been decent entry points. These episodes lasted 25 weeks on average.
Is CRS a good value right now?
Here's what our data says about CRS as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 87 (overbought). Free cash flow yield is 1.0%. Return on equity is 24.9%. Price-to-book is 14.1x. This is not a buy or sell recommendation — always do your own research.
How does CRS compare to the S&P 500?
Over the past 33.5 years, $100 invested in CRS would have grown to $10288, compared to $3097 for the S&P 500. That's 14.8% annualized vs 10.8% for the index. CRS has outperformed the broader market over this period.
Does CRS pay a dividend?
Yes. Carpenter Technology Corporation currently pays a dividend yield of 14.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19