Friedman Industries, Incorporated (FRD) Financial Ratios
30 years of historical data (1997–2026) · Basic Materials · Steel
EV/EBITDA
↑
12.33
↑+37% vs avg
5yr avg: 8.98
30Y Low0.7·High23.7
P/FCF
↑
192.87
↑+323% vs avg
5yr avg: 45.63
30Y Low1.4·High89.5
P/B Ratio
↑
1.72
↑+110% vs avg
5yr avg: 0.82
30Y Low0.5·High1.8
ROE
↓
13.8%
-7% vs avg
5yr avg: 14.8%
30Y Low-8%·High27%
Debt/EBITDA
↑
3.41
+14% vs avg
5yr avg: 3.01
30Y Low0.0·High8.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FRD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Friedman Industries, Incorporated trades at 13.6x earnings, 71% above its 5-year average of 7.9x, sitting at the 75th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 43%. On a free-cash-flow basis, the stock trades at 192.9x P/FCF, 323% above the 5-year average of 45.6x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $266M | $123M | $103M | $135M | $83M | $58M | $57M | $31M | $54M | $41M | $44M |
| Enterprise Value | $364M | $222M | $150M | $175M | $115M | $75M | $51M | $14M | $42M | $37M | $43M |
| P/E Ratio → | 13.56 | 6.42 | 17.11 | 7.84 | 3.90 | 4.32 | 4.96 | — | 10.51 | 15.05 | — |
| P/S Ratio | 0.41 | 0.19 | 0.23 | 0.26 | 0.15 | 0.20 | 0.45 | 0.22 | 0.29 | 0.34 | 0.57 |
| P/B Ratio | 1.72 | 0.81 | 0.78 | 1.06 | 0.72 | 0.73 | 0.87 | 0.46 | 0.74 | 0.65 | 0.73 |
| P/FCF | 192.87 | 89.51 | — | — | 1.75 | — | 14.89 | 4.90 | 6.09 | 14.21 | — |
| P/OCF | 31.14 | 14.45 | — | 27.04 | 1.30 | — | 6.75 | 2.75 | 5.58 | 12.68 | — |
P/E links to full P/E history page with 30-year chart
FRD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Friedman Industries, Incorporated's enterprise value stands at 12.3x EBITDA, 37% above its 5-year average of 9.0x. The Basic Materials sector median is 11.0x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.34 | 0.34 | 0.34 | 0.21 | 0.26 | 0.40 | 0.10 | 0.22 | 0.31 | 0.55 |
| EV / EBITDA | 12.33 | 7.51 | 23.71 | 6.34 | 4.86 | 2.50 | 3.03 | — | 5.45 | 6.87 | — |
| EV / EBIT | 14.21 | 7.28 | 14.11 | 6.63 | 3.77 | 4.01 | 3.22 | — | 6.15 | 6.40 | — |
| EV / FCF | — | 160.91 | — | — | 2.42 | — | 13.29 | 2.28 | 4.77 | 12.81 | — |
FRD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Friedman Industries, Incorporated earns an operating margin of 4.0%, below the Basic Materials sector average of 10.3%. ROE of 13.8% is modest. ROIC of 9.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.4% | 8.4% | 10.2% | 14.0% | 12.8% | 14.4% | 18.7% | 1.8% | 6.9% | 6.8% | -0.2% |
| Operating Margin | 4.0% | 4.0% | 0.7% | 4.7% | 3.8% | 10.0% | 12.5% | -4.8% | 3.4% | 3.3% | -5.4% |
| Net Profit Margin | 3.0% | 3.0% | 1.4% | 3.4% | 3.9% | 4.9% | 9.1% | -3.7% | 2.7% | 2.3% | -3.4% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.8% | 13.8% | 4.7% | 14.3% | 21.9% | 19.4% | 17.3% | -7.5% | 7.5% | 4.5% | -4.3% |
| ROA | 6.9% | 6.9% | 2.7% | 8.1% | 11.9% | 11.1% | 13.2% | -6.4% | 6.3% | 4.0% | -4.1% |
| ROIC | 9.0% | 9.0% | 1.3% | 11.7% | 13.0% | 27.6% | 21.5% | -9.3% | 8.0% | 5.1% | -5.3% |
| ROCE | 11.4% | 11.4% | 1.7% | 14.9% | 16.7% | 34.7% | 23.5% | -9.6% | 9.3% | 6.5% | -6.7% |
FRD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Friedman Industries, Incorporated carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (40% above the sector average of 2.4x). Net debt stands at $98M ($101M total debt minus $2M cash). Interest coverage of 7.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.38 | 0.34 | 0.30 | 0.24 | 0.03 | 0.01 | — | — | — |
| Debt / EBITDA | 3.41 | 3.41 | 7.97 | 1.56 | 1.46 | 0.63 | 0.12 | — | — | — | — |
| Net Debt / Equity | — | 0.65 | 0.35 | 0.32 | 0.27 | 0.20 | -0.09 | -0.25 | -0.16 | -0.06 | -0.02 |
| Net Debt / EBITDA | 3.33 | 3.33 | 7.39 | 1.46 | 1.33 | 0.54 | -0.37 | — | -1.51 | -0.75 | — |
| Debt / FCF | — | 71.40 | — | — | 0.66 | — | -1.61 | -2.63 | -1.32 | -1.40 | — |
| Interest Coverage | 7.43 | 7.43 | 3.61 | 8.59 | 13.71 | 72.89 | 639.75 | -523.15 | 389.92 | 208.02 | — |
FRD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Friedman Industries, Incorporated's current ratio of 3.38x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.11x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.14x to 3.38x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.38 | 3.38 | 4.34 | 3.14 | 3.19 | 2.06 | 2.67 | 6.76 | 6.02 | 5.44 | 19.28 |
| Quick Ratio | 1.11 | 1.11 | 1.38 | 1.00 | 1.27 | 0.94 | 1.43 | 3.06 | 2.05 | 1.99 | 4.46 |
| Cash Ratio | 0.03 | 0.03 | 0.10 | 0.05 | 0.07 | 0.04 | 0.28 | 1.77 | 0.94 | 0.37 | 0.62 |
| Asset Turnover | — | 1.92 | 1.96 | 2.24 | 2.75 | 1.79 | 1.33 | 1.83 | 2.16 | 1.63 | 1.23 |
| Inventory Turnover | 3.44 | 3.44 | 3.51 | 3.83 | 5.54 | 3.59 | 2.85 | 3.91 | 3.55 | 2.97 | 2.23 |
| Days Sales Outstanding | — | 45.53 | 38.98 | 33.46 | 32.91 | 45.65 | 58.98 | 30.07 | 25.71 | 52.60 | 41.96 |
FRD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Friedman Industries, Incorporated returns 0.4% to shareholders annually — split between a 0.4% dividend yield and 0.0% buyback yield. The payout ratio of 5.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.9% | 1.1% | 0.4% | 0.7% | 0.9% | 1.0% | 2.7% | 2.2% | 0.7% | 0.6% |
| Payout Ratio | 5.8% | 5.8% | 18.3% | 3.3% | 2.8% | 3.9% | 4.9% | — | 23.4% | 10.2% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 15.6% | 5.8% | 12.8% | 25.7% | 23.2% | 20.1% | — | 9.5% | 6.6% | — |
| FCF Yield | 0.5% | 1.1% | — | — | 57.0% | — | 6.7% | 20.4% | 16.4% | 7.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 3.8% | 0.0% | 0.9% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.9% | 1.2% | 4.3% | 0.8% | 1.9% | 4.0% | 2.7% | 2.2% | 0.7% | 0.6% |
| Shares Outstanding | — | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Peer Comparison
Compare FRD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FRDYou | $266M | 13.6 | 12.3 | 192.9 | 8.4% | 4.0% | 13.8% | 9.0% | 3.4 |
 ZEUS | $533M | 24.3 | 10.6 | 127.1 | 23.2% | 2.5% | 4.1% | 4.3% | 4.0 |
 RS | $20B | 28.4 | 16.9 | 40.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 SSD | $8B | 24.3 | 15.8 | 28.0 | 45.9% | 19.0% | 18.0% | 15.9% | 0.9 |
 STLD | $36B | 31.3 | 19.6 | 72.2 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 NUE | $56B | 32.4 | 14.6 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 CMC | $8B | 97.8 | 10.4 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 CLF | $7B | -4.1 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 WOR | $3B | 31.5 | 31.1 | 18.7 | 27.6% | 4.3% | 10.5% | 3.8% | 3.3 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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FRD — Frequently Asked Questions
Quick answers to the most common questions about buying FRD stock.
What is Friedman Industries, Incorporated's P/E ratio?
Friedman Industries, Incorporated's current P/E ratio is 13.6x. The historical average is 19.9x. This places it at the 75th percentile of its historical range.
What is Friedman Industries, Incorporated's EV/EBITDA?
Friedman Industries, Incorporated's current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.0x.
What is Friedman Industries, Incorporated's ROE?
Friedman Industries, Incorporated's return on equity (ROE) is 13.8%. The historical average is 10.3%.
Is FRD stock overvalued?
Based on historical data, Friedman Industries, Incorporated is trading at a P/E of 13.6x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Friedman Industries, Incorporated's dividend yield?
Friedman Industries, Incorporated's current dividend yield is 0.43% with a payout ratio of 5.8%.
What are Friedman Industries, Incorporated's profit margins?
Friedman Industries, Incorporated has 8.4% gross margin and 4.0% operating margin.
How much debt does Friedman Industries, Incorporated have?
Friedman Industries, Incorporated's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.