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FRD

Friedman Industries, Incorporated

Basic Materials · $281M market cap

Verdict

Share price

$41.08

close of Oct 3, 2026

Fair value

$23.37

Sticker Price

Payback Price

$9.35

buy price

Overpriced

FRD is Overpriced: at $41.08 it trades 76% above its fair value of $23.37. Its buy price (Payback Price) is $9.35, 77% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.5% a year✗
Equity per share growth4.4% a year✗
Sales growth6.2% a year✗
Free cash flow growth-4.0% a year✗
Return on invested capital6.3%✗

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Insider activity

Since Jun 3, 2026: no open-market purchases and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

Chhibbar Gaurav

Chief Operating Officer · 2026-06-03

Award

15,000 shares

LaRue Alex

Chief Financial Officer · 2026-06-03

Award

10,000 shares

Taylor Mike J

President / CEO / Director · 2026-06-03

Award

30,000 shares

About Friedman Industries, Incorporated

Friedman Industries, Inc. (FRD) is a U.S.-based company primarily involved in the processing and manufacturing of steel and pipe, as well as their distribution. The firm operates through two distinct divisions: Coil and Tubular. The Coil segment specializes in converting steel coils into flat sheet and plate steel, cut precisely to client specifications. It also resells steel coils and offers processing services for…

Steel

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works