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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Friedman Industries's current 3-Year Share Buyback Ratio was 1.20%.
The historical rank and industry rank for Friedman Industries's 3-Year Share Buyback Ratio or its related term are showing as below:
FRD'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -10.4 Med: -0.2 Max: 4.2
Current: 1.2
During the past 13 years, Friedman Industries's highest 3-Year Share Buyback Ratio was 4.20%. The lowest was -10.40%. And the median was -0.20%.
FRD's 3-Year Share Buyback Ratio is ranked better than 82.86% of 280
companies
in the Steel industry
Industry Median: -0.7
vs FRD: 1.20
Friedman Industries (NAS:FRD) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Friedman Industries 3-Year Share Buyback Ratio Related Terms
FRD vs MSB, INHD, LUD: 3-Year Share Buyback Ratio Comparison
For the Steel subindustry, Friedman Industries's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Friedman Industries's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Friedman Industries's 3-Year Share Buyback Ratio falls into.
Friedman Industries 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 1.20 mean?
Friedman Industries (FRD) has a 3-Year Share Buyback Ratio of 1.20 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Friedman Industries and its competitors. According to the industry distribution chart, Friedman Industries ranks #48 out of 280 companies in the Steel industry, placing it in the top 17.1%.
Is Friedman Industries' 3-Year Share Buyback Ratio too high?
Friedman Industries' current 3-Year Share Buyback Ratio is 1.20. Based on the distribution chart, Friedman Industries ranks #48 out of 280 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Friedman Industries has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Friedman Industries' 3-Year Share Buyback Ratio compare to MSB and INHD?
According to the Steel industry distribution chart, Friedman Industries ranks #48 out of 280 companies for 3-Year Share Buyback Ratio. This places Friedman Industries in the top 17% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Steel company?
A good 3-Year Share Buyback Ratio depends on the Steel industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Friedman Industries and its competitors. Friedman Industries's current 3-Year Share Buyback Ratio is 1.20. 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 $26.72, compared to a current price of $41.69 — trading 56% above its estimated fair value. The current 3-Year Share Buyback Ratio is 1.20. Friedman Industries' overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Friedman Industries (FRD), the current 3-Year Share Buyback Ratio is 1.20 as of Jun. 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 $41.69 is trading 56% above its estimated GF Value™ of $26.72.
GuruFocus considers Friedman Industries to be Significantly Overvalued.
Key valuation signals for FRD:
3-Year Share Buyback Ratio: 1.20
GF Value™: $26.72 vs. price of $41.69 (56% above fair value)
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.
70GF Score
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3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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