Is Friedman Industries, Inc. overvalued or undervalued?

As of 15 August 2025, the valuation grade for Friedman Industries, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 142, a Price to Book Value of 1.11, and an EV to EBITDA of 13.71. In comparison, Universal Stainless & Alloy Products, Inc. is considered attractive with a P/E of 15.89 and an EV to EBITDA of 8.38, suggesting that Friedman Industries may not be as competitively priced within its industry.
In terms of recent performance, Friedman Industries has significantly outperformed the S&P 500, with a year-to-date return of 43.36% compared to the index's 12.22%. This strong performance, coupled with its fair valuation, suggests that while the stock may not be undervalued, its recent returns indicate robust market interest.