This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Friedman Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $69.851. Friedman Industries's 10-Year median PS Ratio is 0.3875. Therefore, the Median PS Value for today is $27.07.
As of today (2024-04-23), Friedman Industries's share price is $19.45. Friedman Industries's Median PS Value is $27.07. Therefore, Friedman Industries's Price to Median PS Value for today is 0.72.
The historical rank and industry rank for Friedman Industries's Median PS Value or its related term are showing as below:
FRD'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.26 Med: 0.84 Max: 1.42
Current: 0.72
During the past 13 years, the highest Price to Median PS Value of Friedman Industries was 1.42. The lowest was 0.26. And the median was 0.84.
FRD's Price-to-Median-PS-Value is ranked better than 74.57% of 405
companies
in the Steel industry
Industry Median: 1.02
vs FRD: 0.72
Friedman Industries Median PS Value Historical Data
The historical data trend for Friedman Industries's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, Friedman Industries's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Friedman Industries Price-to-Median-PS-Value Distribution
For the Steel industry and Basic Materials sector, Friedman Industries's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Friedman Industries's Price-to-Median-PS-Value falls into.
Friedman Industries Median PS Value Calculation
Friedman Industries's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.3875.
Friedman Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $69.851.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Friedman Industries (AMEX:FRD) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Friedman Industries's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
19.45
/
27.07
=
0.72
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Friedman Industries Median PS Value Related Terms
Thank you for viewing the detailed overview of Friedman Industries's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Friedman Industries (Friedman Industries) Business Description
Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.
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