Is FRP Holdings, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for FRP Holdings, Inc. moved from very expensive to expensive, indicating a shift towards a less favorable valuation. The company appears to be overvalued based on its high P/E ratio of 75, compared to a peer average P/E of approximately 91.74, and an EV to EBITDA ratio of 33.11, which is significantly higher than the industry average. Additionally, the Price to Book Value stands at 1.21, suggesting a premium over its book value.
In comparison to its peers, FRP Holdings, Inc. has a notably higher P/E ratio, which may indicate that investors are paying more for each dollar of earnings than they would for similar companies. The company's recent stock performance has been poor, with a year-to-date return of -24.05%, while the S&P 500 has gained 16.30% in the same period, reinforcing the notion that the stock is underperforming relative to the broader market.