Is FRP Holdings, Inc. overvalued or undervalued?

As of 24 April 2025, the valuation grade for FRP Holdings, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 75, while the EV to EBITDA ratio is 17.24, and the Price to Book Value is 1.21.
In comparison to peers, FRP Holdings, Inc. has a significantly higher P/E ratio than Forestar Group, Inc., which is rated attractive with a P/E of 5.68. Other peers like Redfin Corp. and Marcus & Millichap, Inc. are considered risky, with negative P/E ratios. Despite recent underperformance compared to the S&P 500 over the past year, FRP Holdings has shown a positive return of 1.89% over the last week, suggesting some short-term recovery potential.