FRIEDMAN INDUSTRIES INC (FRD)
Steel Works, Blast Furnaces & Rolling & Finishing Mills
Latest Price
$43.28
TTM P/E
--
Normalized P/E
20.93
Div Yield
0.28%
Book Value
23.51
P/B Ratio
1.84
Valuation metrics
adjust assumptions →EPS: $0.87
Book value / share: $19.07
Formula: √(22.5 × EPS × BVPS)
Graham Number
$19.32
55% downside
Norm. op. income: $18M (median of 6yr)
Tax rate: 24%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$20.59
52% downside
Base FCF: $26M (median of recent 5yr)
Growth: -15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$16.25
62% downside
EPS: $0.87
Target P/E: 21×
Formula: EPS × P/E
P/E Fair Value
$18.27
58% downside
Institutional Ownership
53.3% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | 543.6K | $17.0M | 7.79% | +1.9K | 2026-06-30 |
| De Lisle Partners LLP | 404.8K | $12.0M | 5.80% | -15.0K | 2026-06-30 |
| BlackRock, Inc. | 394.9K | $12.0M | 5.66% | +66.4K | 2026-06-30 |
| GENDELL JEFFREY L | 354.6K | $11.0M | 5.08% | -- | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 305.7K | $9.0M | 4.38% | +17.2K | 2026-06-30 |
| RENAISSANCE TECHNOLOGIES LLC | 297.9K | $9.0M | 4.27% | -33.4K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 172.8K | $5.0M | 2.48% | +13.3K | 2026-06-30 |
| Truffle Hound Capital, LLC | 116.6K | $3.0M | 1.67% | -33.4K | 2026-06-30 |
| STATE STREET CORP | 97.5K | $3.0M | 1.40% | +14.2K | 2026-06-30 |
| MORGAN STANLEY | 91.3K | $2.0M | 1.31% | -5.5K | 2026-06-30 |