Is FRP Holdings, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for FRP Holdings, Inc. has moved from very expensive to expensive. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 75, significantly higher than the peer comparison P/E of 91.74, while the EV to EBITDA ratio is 17.24, which is more favorable compared to the industry average. Additionally, the Price to Book Value is 1.21, indicating a premium over its book value.
In comparison to its peers, FRP Holdings, Inc. is not only more expensive but also shows lower returns, with a year-to-date stock return of -22.62% compared to the S&P 500's positive return of 16.30%. This underperformance over multiple periods, including a 1-year return of -18.28% versus the S&P 500's 19.89%, reinforces the view that the stock is overvalued.