Friedman IndustriesFRD +0.30%71 PB Ratio is 1.59 as of Jun. 25, 2026, which is 115% above its 10-year median of 0.74. GuruFocus rates FRD with a GF Score™ of 71/100 and a GF Value™ of $22.21 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 613 Steel companies, Friedman Industries ranks worse than 70.47% on this metric.
The historical rank and industry rank for Friedman Industries's PB Ratio or its related term are showing as below:
FRD'
s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.74 Max: 1.76
Current: 1.59
During the past 13 years, Friedman Industries's highest PB Ratio was 1.76. The lowest was 0.40. And the median was 0.74.
FRD's PB Ratio is ranked worse than 70.47% of 613
companies
in the Steel industry
Industry Median: 0.97
vs FRD: 1.59
During the past 12 months, Friedman Industries's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Friedman Industries was 24.50% per year. The lowest was -22.20% per year. And the median was 3.70% per year.
Back to Basics: PB Ratio
Friedman Industries (NAS:FRD) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Friedman Industries PB Ratio Related Terms
Friedman Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Friedman Industries's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Friedman Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Friedman Industries's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Friedman Industries (FRD) has a PB Ratio of 1.59 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Friedman Industries and its competitors. This is 115% above median its historical median of 0.74. Over the past decade, Friedman Industries' PB Ratio has ranged from 0.40 to 1.76. According to the industry distribution chart, Friedman Industries ranks #432 out of 613 companies in the Steel industry, placing it in the top 70.5%.
Is Friedman Industries' PB Ratio too high?
Friedman Industries' current PB Ratio of 1.59 is 115% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.76. The Steel industry median PB Ratio is 0.97. Friedman Industries' value of 1.59 is 63.9% above this industry median. Based on the distribution chart, Friedman Industries ranks #432 out of 613 companies in the Steel industry, which is below the industry midpoint. Overall, Friedman Industries has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Friedman Industries' PB Ratio compare to LUD and ZKIN?
According to the Steel industry distribution chart, Friedman Industries ranks #432 out of 613 companies for PB Ratio. This places Friedman Industries in the lower half of its industry. The industry median PB Ratio is 0.97. Friedman Industries' value of 1.59 is 63.9% above this benchmark. Historically, Friedman Industries' own PB Ratio has ranged from 0.40 to 1.76 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.97, Friedman Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Steel company?
The median PB Ratio among Steel companies is 0.97, based on 613 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Friedman Industries's current PB Ratio of 1.59 is 63.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Friedman Industries and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Friedman Industries's current PB Ratio is 1.59, which is 115% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Friedman Industries stock overvalued right now?
Based on GuruFocus' analysis, Friedman Industries (FRD) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.21, compared to a current price of $33.84 — trading 52.4% above its estimated fair value. The current PB Ratio is 1.59, which is 115% above median its 10-year median of 0.74 and 63.9% above the Steel industry median of 0.97. Friedman Industries' overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Friedman Industries (FRD), the current PB Ratio is 1.59 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Friedman Industries (FRD) Overvalued in 2026?
Based on GuruFocus' analysis, Friedman Industries stock appears to be overvalued.
The current stock price of $33.84 is trading 52.4% above its estimated GF Value™ of $22.21.
GuruFocus considers Friedman Industries to be Significantly Overvalued.
Key valuation signals for FRD:
PB Ratio: 1.59 (115% above median its 10-year median of 0.74)
GF Value™: $22.21 vs. price of $33.84 (52.4% above fair value)
Industry Position: 63.9% above the Steel median (#432 of 613)
No single metric tells the full story. See the FRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Friedman Industries Inc is a manufacturer and processor of metals and operates in two reportable segments: flat-roll products and tubular products. The flat-roll product segment consists of flat-roll processing facilities located in Hickman, Arkansas; Decatur, Alabama; Miami, Florida; East Chicago, Indiana; Granite City, Illinois and Sinton, Texas and a flat-roll distribution facility located in Orlando, Florida. The tubular product segment consists of the Company's Texas Tubular Products division (TTP) located in Lone Star, Texas. TTP operates two electric resistance welded pipe mills with a combined outside diameter (OD). Its products are flat-roll products and tubular products.
71GF Score
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