FRIEDMAN INDUSTRIES INC (FRD)
Steel Works, Blast Furnaces & Rolling & Finishing Mills
Latest Price
$33.25
TTM P/E
14.91
Normalized P/E
18.63
Div Yield
0.48%
Book Value
20.42
P/B Ratio
1.63
Valuation metrics
adjust assumptions →EPS: $0.87
Book value / share: $19.07
Formula: √(22.5 × EPS × BVPS)
Graham Number
$19.32
42% 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
38% 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
51% downside
EPS: $0.87
Target P/E: 19×
Formula: EPS × P/E
P/E Fair Value
$16.53
50% downside
Institutional Ownership
51.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | 541.7K | $9.0M | 7.78% | +3.3K | 2026-03-31 |
| De Lisle Partners LLP | 419.8K | $7.0M | 6.03% | -- | 2026-03-31 |
| GENDELL JEFFREY L | 354.6K | $6.0M | 5.09% | -- | 2026-03-31 |
| RENAISSANCE TECHNOLOGIES LLC | 331.3K | $5.0M | 4.76% | +10.4K | 2026-03-31 |
| BlackRock, Inc. | 328.5K | $5.0M | 4.72% | -4.6K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 288.5K | $5.0M | 4.14% | -- | 2026-03-31 |
| Mink Brook Asset Management LLC | 162.9K | $2.0M | 2.34% | +11.8K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 159.5K | $2.0M | 2.29% | +682 | 2026-03-31 |
| Truffle Hound Capital, LLC | 150.0K | $2.0M | 2.15% | -- | 2026-03-31 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 119.9K | $2.0M | 1.72% | -12.1K | 2026-03-31 |