Friedman Industries (Friedman Industries) Price-to-Tangible-Book : 1.07 (As of Apr. 26, 2024)

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What is Friedman Industries Price-to-Tangible-Book?

As of today (2024-04-26), Friedman Industries's share price is $18.80. Friedman Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $17.61. Hence, Friedman Industries's Price to Tangible Book Ratio of today is 1.07.

The historical rank and industry rank for Friedman Industries's Price-to-Tangible-Book or its related term are showing as below:

FRD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47 Med: 0.68 Max: 1.47
Current: 1.07

During the past 13 years, Friedman Industries's highest Price to Tangible Book Ratio was 1.47. The lowest was 0.47. And the median was 0.68.

FRD's Price-to-Tangible-Book is ranked worse than
51.66% of 604 companies
in the Steel industry
Industry Median: 1.045 vs FRD: 1.07

A closely related ratio is called PB Ratio. As of today, Friedman Industries's share price is $18.80. Friedman Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $17.61. Hence, Friedman Industries's P/B Ratio of today is 1.07.

Friedman Industries Price-to-Tangible-Book Historical Data

The historical data trend for Friedman Industries's Price-to-Tangible-Book 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.

* Premium members only.

Friedman Industries Price-to-Tangible-Book Chart

Friedman Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.74

0.47

0.85

0.76

0.72

Friedman Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.66	0.72	0.75	0.78	0.88

Competitive Comparison of Friedman Industries's Price-to-Tangible-Book

For the Steel subindustry, Friedman Industries's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Friedman Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Friedman Industries's Price-to-Tangible-Book falls into.

Friedman Industries Price-to-Tangible-Book Calculation

Friedman Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	18.80	/	17.606
	=	1.07

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Friedman Industries Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Friedman Industries's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Friedman Industries (Friedman Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (AMEX:FRD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

X36:Germany

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

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.

Executives

Max Alan Reichenthal	director	865 LOCKWOOD DRIVE, HOUSTON TX 77020
Joel Spira	director	THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046
Mike J Taylor	director	P.O. BOX 2192, LONGVIEW TX 75606
Sharon L Taylor	director	4200 B STONE RD, KILGORE TX 75662
Alex Larue	officer: VP - Secretary & Treasurer	7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605
Durga D Agrawal	director	2921 UNIVERSITY BLVD, HOUSTON TX 77005
Sandra Kay Scott	director	11503 BISTRO LANE, HOUSTON TX 77082
Joe L Williams	director	P.O. BOX 1587, HOUSTON TX 77251
Tim Scott Stevenson	director	PO BOX 2192, LONGVIEW TX 75606
Robert Sparkman	officer: President & COO	P.O. BOX 2192, LONGVIEW TX 75605
Charles W Hall	director	1301 MCKINNEY STE 5100, HOUSTON TX 77010
Benny Harper	officer: Sr. VP-Finance	1301 MCKINNEY STE 5100, HOUSTON TX 77010
William E Crow	director, officer: President and CEO	P.O. BOX 1587, HOUSTON TX 77251
Hershel M Rich	director	P.O. BOX 1587, HOUSTON TX 77251
Harold Friedman	director, 10 percent owner, officer: Vice Chairman of the Board	4001 HOMESTEAD ROAF, HOUSTON TX 77028