Friedman Industries, Incorporated

Friedman Industries, Incorporatedverified

FRD

Price:

$14.365

Market Cap:

$100.12M

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and custo...[Read more]

Industry

Steel

IPO Date

1980-03-17

Stock Exchange

AMEX

Ticker

FRD

The PE Ratio as of September 2024 (TTM) for Friedman Industries, Incorporated (FRD) is 8.35

According to Friedman Industries, Incorporated’s latest financial reports and current stock price. The company's current PE Ratio is 8.35. This represents a change of -28.70% compared to the average of 11.71 of the last 4 quarters.

Friedman Industries, Incorporated (FRD) Historical PE Ratio (quarterly & annually)

How has FRD PE Ratio performed in the past?

The mean historical PE Ratio of Friedman Industries, Incorporated over the last ten years is 25.92. The current 8.35 PE Ratio has changed 3.12% with respect to the historical average. Over the past ten years (40 quarters), FRD's PE Ratio was at its highest in in the December 2017 quarter at 80.97. The PE Ratio was at its lowest in in the September 2015 quarter at -52.77.

Quarterly (TTM)
Annual

Average

25.92

Median

6.28

Minimum

-16.50

Maximum

125.35

Friedman Industries, Incorporated (FRD) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Friedman Industries, Incorporated PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 229.51%

Maximum Annual PE Ratio = 125.35

Minimum Annual Increase = -190.38%

Minimum Annual PE Ratio = -16.50

Quarterly (TTM)
Annual
YearPE RatioChange
20247.5897.69%
20233.83-7.59%
20224.15-16.63%
20214.98-184.62%
2020-5.88-156.15%
201910.47-29.75%
201814.91-190.38%
2017-16.50-113.16%
2016125.3513.68%
2015110.26229.51%

Friedman Industries, Incorporated (FRD) Average PE Ratio

How has FRD PE Ratio performed in the past?

The current PE Ratio of Friedman Industries, Incorporated (FRD) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

5.19

5-year avg

2.93

10-year avg

25.92

Friedman Industries, Incorporated (FRD) PE Ratio vs. Peers

How is FRD’s PE Ratio compared to its peers?

Friedman Industries, Incorporated’s PE Ratio is less than ArcelorMittal S.A. (14.89), less than Aperam S.A. (24.14), less than Acerinox, S.A. (11.77), greater than Algoma Steel Group Inc. (-12.97), greater than Schnitzer Steel Industries, Inc. (-14.70), greater than Ferrexpo plc (-3.89), less than Universal Stainless & Alloy Products, Inc. (20.59), less than Olympic Steel, Inc. (12.81), less than TimkenSteel Corporation (13.84), greater than POSCO Holdings Inc. (5.25), greater than Outokumpu Oyj (-2.14), greater than Ascent Industries Co. (-6.51),

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