FRD Friedman Industries PE ratio, current and historical analysis
As at Jun 4, 2025, the FRD stock has a PE ratio of 21.03. This is based on the current EPS of $0.8 and the stock price of $16.82 per share. An increase of 68% has been seen in the P/E ratio compared to the average of 12.5 of the last 4 quarters.
FRD PE ratio history
The mean historical PE ratio of Friedman Industries over the last ten years is 40.96. The current 21.03 PE ratio is 49% below the historical average. Over the past ten years, FRD's PE ratio was at its highest in the Sep 2017 quarter at 307.5, with a price of $6.15 and an EPS of $0.02. The Dec 2021 quarter recorded the bottom point at 2.04, with a price of $9.38 and an EPS of $4.59.
Friedman Industries PE ratio history chart
Friedman Industries PE ratio by year
Maximum annual increase: 2,238.78% in 2010
Maximum annual decrease: -85.18% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 7.84 | 101.03% | $18.74 | $2.39 |
| 2023 | 3.9 | -9.72% | $11.34 | $2.91 |
| 2022 | 4.32 | -12.9% | $8.81 | $2.04 |
| 2021 | 4.96 | N/A | $8.09 | $1.63 |
| 2020 | N/A | N/A | $4.41 | -$0.75 |
| 2019 | 10.51 | 0.29% | $7.67 | $0.73 |
| 2018 | 10.48 | N/A | $5.87 | $0.56 |
| 2017 | N/A | N/A | $6.45 | -$0.39 |
| 2016 | 135.5 | 31.13% | $5.42 | $0.04 |
| 2015 | 103.33 | 206.44% | $6.2 | $0.06 |
| 2014 | 33.72 | 204.88% | $8.43 | $0.25 |
| 2013 | 11.06 | 21.14% | $9.95 | $0.9 |
| 2012 | 9.13 | 7.54% | $10.95 | $1.2 |
| 2011 | 8.49 | -85.18% | $10.19 | $1.2 |
| 2010 | 57.3 | 2,238.78% | $5.73 | $0.1 |
Friedman Industries PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 19.11 | 34.77% | $15.29 | $0.8 |
| Sep 2024 | 14.18 | 60.59% | $16.02 | $1.13 |
| Jun 2024 | 8.83 | 12.63% | $15.1 | $1.71 |
| Mar 2024 | 7.84 | 28.31% | $18.74 | $2.39 |
| Dec 2023 | 6.11 | 16.83% | $15.46 | $2.53 |
| Sep 2023 | 5.23 | 0.38% | $13.4 | $2.56 |
| Jun 2023 | 5.21 | 33.59% | $12.6 | $2.42 |
| Mar 2023 | 3.9 | -60.16% | $11.34 | $2.91 |
| Dec 2022 | 9.79 | -50.43% | $9.79 | $1 |
| Sep 2022 | 19.75 | 368.01% | $7.11 | $0.36 |
| Jun 2022 | 4.22 | -2.31% | $8.14 | $1.93 |
| Mar 2022 | 4.32 | 111.76% | $8.81 | $2.04 |
| Dec 2021 | 2.04 | -8.52% | $9.38 | $4.59 |
| Sep 2021 | 2.23 | -43.54% | $11.91 | $5.34 |
| Jun 2021 | 3.95 | -20.36% | $13.4 | $3.39 |
FRD Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
FRD average PE ratio chart
FRD's current P/E ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
PE vs average
FRD PE vs peers
FRD's PE ratio is lower than its peer stocks NUE and RS. Friedman Industries is presently trading at a lower PE ratio (21.03) than its peer group average of 28.57.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NUE Nucor Corp | 21.06 | $27.41B |
| FRD Friedman Industries Inc | 21.43 | $119.47M |
| RS Reliance Steel & Aluminum Co | 21.75 | $16.16B |
| ZEUS Olympic Steel Inc | 21.98 | $350.84M |
| ATI Allegheny Technologies Inc | 27.78 | $11.68B |
| WOR Worthington Industries Inc | 49 | $2.96B |
| X United States Steel Corp | 120.41 | $12B |
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
- Market
- Price
- Valuation
- Dividend
- Earnings
- Per share
- Balance sheet
- Liquidity
- Margins
- Efficiency
- Growth
Frequently asked questions
What is Friedman Industries's PE ratio?
The price to earnings ratio for FRD stock as of Jun 4, 2025, stands at 21.03.
What is the 3-year average PE ratio for Friedman Industries (FRD)?
As an average over the last 3 years, FRD stock has a PE ratio of 9.47.
What is the 5-year average PE ratio for Friedman Industries (FRD)?
As an average over the last 5 years, FRD stock has a PE ratio of 7.6.
What is the highest PE ratio for FRD?
In the last ten years, the Sep 2017 quarter recorded the highest quarterly PE ratio at 307.5.
How does the current PE ratio for FRD compare to its historical average?
FRD's current price to earnings ratio is 49% below its 10-year historical average.
How is FRD's PE ratio calculated (Friedman Industries PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 4, 2025), Friedman Industries's stock price is $16.82. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $0.8. Therefore, Friedman Industries's P/E ratio for today is 21.03. PE RATIO(21.03) = STOCK PRICE($16.82) / TTM EPS($0.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.