Is Friedman Industries, Inc. overvalued or undervalued?

As of 24 April 2025, the valuation grade for Friedman Industries, Inc. has moved from expensive to fair. The company is currently fairly valued. Key ratios include a P/E ratio of 142, an EV to EBITDA of 13.71, and a Price to Book Value of 1.11. In comparison, Universal Stainless & Alloy Products, Inc. has a more attractive P/E ratio of 15.89 and an EV to EBITDA of 8.38, while Radius Recycling, Inc. presents a risky profile with a P/E of -13.17 and an EV to EBITDA of 65.15.
Despite its fair valuation, Friedman Industries has shown a mixed performance against the S&P 500, with a 1-year return of 1.12% compared to the index's 10.26%. Overall, the company's financial metrics suggest it is positioned reasonably within its peer group, although it faces challenges in achieving higher returns.