Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 1.86 is 119% above its estimated 5-year average of 0.85, near the high end of its estimated 5-year range (0.52–2.05).
As of 2026-10-06T20:31:24.304Z. 52.48% above its estimated 12-month average of 1.22.
Calculation as of: 2026-10-06T20:31:24.304Z.
Quote observation: 2026-10-06T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 93a66aeb501a0bbd0b1ef01d53cc917a53f71db6b24f9f32d50eb06fd43108c4
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
1.86
PB RATIO AVG TTM
1.22
PB RATIO AVG 3Y
0.92
PB RATIO AVG 5Y
0.85
PB RATIO AVG 10Y
0.77
PB RATIO AVG 15Y
0.83
PB RATIO AVG 20Y
0.87
CURRENT VS TTM AVG
+52.48%
CURRENT VS 3Y AVG
+102.88%
CURRENT VS 5Y AVG
+119.22%
CURRENT VS 10Y AVG
+140.79%
CURRENT VS 15Y AVG
+123.64%
CURRENT VS 20Y AVG
+113.87%
SECTOR MEDIAN · BASIC MATERIALS
2.32
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
-19.83%
vs the sector median at left
Friedman Industries, Incorporated
Market Cap
$304.92M
PB Ratio
1.86
TTM Avg
1.22
3Y Avg
0.92
5Y Avg
0.85
Market Cap
$270.56M
PB Ratio
755.76
TTM Avg
2664.83
3Y Avg
2664.83
5Y Avg
2664.83
Market Cap
$358.82M
PB Ratio
1.36
TTM Avg
7.32
3Y Avg
10.88
5Y Avg
9.45
Market Cap
$195.44M
PB Ratio
1.62
TTM Avg
2.77
3Y Avg
2.77
5Y Avg
2.77
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Friedman Industries, Incorporated (FRD) | $304.92M | 1.86 | 1.22 | 0.92 | 0.85 |
| Gevo, Inc. (GEVO)vs › | $311.57M | 1.14 | 1.05 | 0.73 | 0.86 |
| Alto Ingredients, Inc. (ALTO)vs › | $290.57M | 1.12 | 1.16 | 0.70 | 0.78 |
| Suncrete, Inc. Class A Common Stock (RMIX)vs › | $270.56M | 755.76 | 2664.83 | 2664.83 | 2664.83 |
| Vox Royalty Corp. (VOXR)vs › | $353.47M | 2.32 | 2.96 | 2.98 | 3.27 |
| ASP Isotopes Inc. Common Stock (ASPI)vs › | $358.82M | 1.36 | 7.32 | 10.88 | 9.45 |
| U.S. Gold Corp. (USAU)vs › | $235.97M | 5.25 | 6.99 | 5.86 | 4.28 |
| Hudson Technologies, Inc. (HDSN)vs › | $223.39M | 0.92 | 1.13 | 1.57 | 2.15 |
| The Metals Royalty Company Inc. (TMCR)vs › | $195.44M | 1.62 | 2.77 | 2.77 | 2.77 |
| Hongli Group Inc. (HLP)vs › | $188.34M | 3.26 | 1.49 | 1.21 | 1.41 |
At 1.86, P/B is above its estimated 20-year median — higher than 99% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
0.38
median
0.81
estimated 20-year high
2.07
P/B Ratio
1.86
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 1.80 |
| 2026-10-02 | 1.75 |
| 2026-10-01 | 1.69 |
| 2026-09-30 | 1.63 |
| 2026-09-29 | 1.65 |
| 2026-09-28 | 1.68 |
| 2026-09-25 | 1.67 |
| 2026-09-24 | 1.68 |
| 2026-09-23 | 1.68 |
| 2026-09-22 | 1.72 |
| 2026-09-21 | 1.70 |
| 2026-09-18 | 1.75 |
| 2026-09-17 | 1.78 |
| 2026-09-16 | 1.72 |
| 2026-09-15 | 1.74 |
| 2026-09-14 | 1.76 |
| 2026-09-11 | 1.84 |
| 2026-09-10 | 1.89 |
| 2026-09-09 | 1.90 |
| 2026-09-08 | 1.92 |
| 2026-09-04 | 1.94 |
| 2026-09-03 | 1.93 |
| 2026-09-02 | 1.91 |
| 2026-09-01 | 1.87 |
| 2026-08-31 | 1.84 |
| 2026-08-28 | 1.86 |
| 2026-08-27 | 1.91 |
| 2026-08-26 | 1.80 |
| 2026-08-25 | 1.87 |
| 2026-08-24 | 1.79 |
| 2026-08-21 | 1.77 |
| 2026-08-20 | 1.81 |
| 2026-08-19 | 1.89 |
| 2026-08-18 | 1.96 |
| 2026-08-17 | 2.05 |
| 2026-08-14 | 1.95 |
| 2026-08-13 | 1.88 |
| 2026-08-12 | 1.91 |
| 2026-08-11 | 1.82 |
| 2026-08-10 | 1.85 |
| 2026-08-07 | 1.87 |
| 2026-08-06 | 1.73 |
| 2026-08-05 | 1.70 |
| 2026-08-04 | 1.63 |
| 2026-08-03 | 1.57 |
| 2026-07-31 | 1.53 |
| 2026-07-30 | 1.54 |
| 2026-07-29 | 1.58 |
| 2026-07-28 | 1.71 |
| 2026-07-27 | 1.65 |
| 2026-07-24 | 1.64 |
| 2026-07-23 | 1.57 |
| 2026-07-22 | 1.52 |
| 2026-07-21 | 1.51 |
| 2026-07-20 | 1.56 |
| 2026-07-17 | 1.57 |
| 2026-07-16 | 1.61 |
| 2026-07-15 | 1.63 |
| 2026-07-14 | 1.61 |
| 2026-07-13 | 1.59 |
| 2026-07-10 | 1.58 |
| 2026-07-09 | 1.57 |
| 2026-07-08 | 1.50 |
| 2026-07-07 | 1.49 |
| 2026-07-06 | 1.54 |
| 2026-07-02 | 1.55 |
| 2026-07-01 | 1.61 |
| 2026-06-30 | 1.48 |
| 2026-06-29 | 1.49 |
| 2026-06-26 | 1.58 |
| 2026-06-25 | 1.55 |
| 2026-06-24 | 1.55 |
| 2026-06-23 | 1.62 |
| 2026-06-22 | 1.71 |
| 2026-06-18 | 1.72 |
| 2026-06-17 | 1.66 |
| 2026-06-16 | 1.60 |
| 2026-06-15 | 1.60 |
| 2026-06-12 | 1.60 |
| 2026-06-11 | 1.29 |
| 2026-06-10 | 1.25 |
| 2026-06-09 | 1.24 |
| 2026-06-08 | 1.21 |
| 2026-06-05 | 1.20 |
| 2026-06-04 | 1.19 |
| 2026-06-03 | 1.17 |
| 2026-06-02 | 1.19 |
| 2026-06-01 | 1.16 |
| 2026-05-29 | 1.15 |
| 2026-05-28 | 1.16 |
| 2026-05-27 | 1.16 |
| 2026-05-26 | 1.12 |
| 2026-05-22 | 1.01 |
| 2026-05-21 | 1.01 |
| 2026-05-20 | 1.02 |
| 2026-05-19 | 1.02 |
| 2026-05-18 | 1.00 |
| 2026-05-15 | 1.01 |
| 2026-05-14 | 1.02 |
| 2026-05-13 | 1.07 |
| 2026-05-12 | 1.05 |
| 2026-05-11 | 1.05 |
| 2026-05-08 | 1.06 |
| 2026-05-07 | 1.03 |
| 2026-05-06 | 1.03 |
| 2026-05-05 | 1.02 |
| 2026-05-04 | 1.00 |
| 2026-05-01 | 1.01 |
| 2026-04-30 | 1.01 |
| 2026-04-29 | 0.97 |
| 2026-04-28 | 1.00 |
| 2026-04-27 | 0.97 |
| 2026-04-24 | 1.01 |
| 2026-04-23 | 0.97 |
| 2026-04-22 | 0.95 |
| 2026-04-21 | 0.92 |
| 2026-04-20 | 0.96 |
| 2026-04-17 | 0.95 |
| 2026-04-16 | 0.93 |
| 2026-04-15 | 0.94 |
| 2026-04-14 | 0.91 |
| 2026-04-13 | 0.92 |
| 2026-04-10 | 0.90 |
| 2026-04-09 | 0.89 |
| 2026-04-08 | 0.88 |
| 2026-04-07 | 0.85 |
| 2026-04-06 | 0.85 |
| 2026-04-02 | 0.84 |
| 2026-04-01 | 0.85 |
| 2026-03-31 | 0.87 |
| 2026-03-30 | 0.87 |
| 2026-03-27 | 0.87 |
| 2026-03-26 | 0.88 |
| 2026-03-25 | 0.88 |
| 2026-03-24 | 0.90 |
| 2026-03-23 | 0.88 |
| 2026-03-20 | 0.85 |
| 2026-03-19 | 0.84 |
| 2026-03-18 | 0.84 |
| 2026-03-17 | 0.86 |
| 2026-03-16 | 0.84 |
| 2026-03-13 | 0.83 |
| 2026-03-12 | 0.83 |
| 2026-03-11 | 0.85 |
| 2026-03-10 | 0.87 |
| 2026-03-09 | 0.88 |
| 2026-03-06 | 0.90 |
| 2026-03-05 | 0.91 |
| 2026-03-04 | 0.95 |
| 2026-03-03 | 0.91 |
| 2026-03-02 | 0.92 |
| 2026-02-27 | 0.91 |
| 2026-02-26 | 0.91 |
| 2026-02-25 | 0.91 |
| 2026-02-24 | 0.90 |
| 2026-02-23 | 0.90 |
| 2026-02-20 | 0.88 |
| 2026-02-19 | 0.89 |
| 2026-02-18 | 0.91 |
| 2026-02-17 | 0.92 |
| 2026-02-13 | 0.95 |
| 2026-02-12 | 1.00 |
| 2026-02-11 | 1.03 |
| 2026-02-10 | 1.04 |
| 2026-02-09 | 0.99 |
| 2026-02-06 | 1.01 |
| 2026-02-05 | 1.00 |
| 2026-02-04 | 1.03 |
| 2026-02-03 | 1.03 |
| 2026-02-02 | 1.03 |
| 2026-01-30 | 0.98 |
| 2026-01-29 | 0.98 |
| 2026-01-28 | 0.93 |
| 2026-01-27 | 0.93 |
| 2026-01-26 | 0.94 |
| 2026-01-23 | 0.97 |
| 2026-01-22 | 0.98 |
| 2026-01-21 | 0.98 |
| 2026-01-20 | 0.95 |
| 2026-01-16 | 0.97 |
| 2026-01-15 | 1.02 |
| 2026-01-14 | 1.00 |
| 2026-01-13 | 0.98 |
| 2026-01-12 | 0.97 |
| 2026-01-09 | 0.98 |
| 2026-01-08 | 0.98 |
| 2026-01-07 | 0.97 |
| 2026-01-06 | 1.01 |
| 2026-01-05 | 1.01 |
| 2026-01-02 | 1.01 |
| 2025-12-31 | 1.02 |
| 2025-12-30 | 1.05 |
| 2025-12-29 | 1.04 |
| 2025-12-26 | 1.03 |
| 2025-12-24 | 1.04 |
| 2025-12-23 | 1.03 |
| 2025-12-22 | 1.03 |
| 2025-12-19 | 1.07 |
| 2025-12-18 | 1.07 |
| 2025-12-17 | 1.07 |
| 2025-12-16 | 1.08 |
| 2025-12-15 | 1.06 |
| 2025-12-12 | 1.02 |
| 2025-12-11 | 1.01 |
| 2025-12-10 | 0.94 |
| 2025-12-09 | 0.92 |
| 2025-12-08 | 0.95 |
| 2025-12-05 | 0.98 |
| 2025-12-04 | 0.98 |
| 2025-12-03 | 0.98 |
| 2025-12-02 | 0.94 |
| 2025-12-01 | 0.93 |
| 2025-11-28 | 1.01 |
| 2025-11-26 | 0.99 |
| 2025-11-25 | 0.99 |
| 2025-11-24 | 0.97 |
| 2025-11-21 | 0.98 |
| 2025-11-20 | 0.97 |
| 2025-11-19 | 0.99 |
| 2025-11-18 | 1.01 |
| 2025-11-17 | 1.02 |
| 2025-11-14 | 1.13 |
| 2025-11-13 | 1.12 |
| 2025-11-12 | 1.11 |
| 2025-11-11 | 1.03 |
| 2025-11-10 | 1.11 |
| 2025-11-07 | 1.07 |
| 2025-11-06 | 1.08 |
| 2025-11-05 | 1.10 |
| 2025-11-04 | 1.07 |
| 2025-11-03 | 1.14 |
| 2025-10-31 | 1.08 |
| 2025-10-30 | 1.06 |
| 2025-10-29 | 1.06 |
| 2025-10-28 | 1.06 |
| 2025-10-27 | 1.06 |
| 2025-10-24 | 1.08 |
| 2025-10-23 | 1.01 |
| 2025-10-22 | 1.01 |
| 2025-10-21 | 1.01 |
| 2025-10-20 | 1.01 |
| 2025-10-17 | 1.00 |
| 2025-10-16 | 1.02 |
| 2025-10-15 | 1.04 |
| 2025-10-14 | 1.03 |
| 2025-10-13 | 1.03 |
| 2025-10-10 | 1.01 |
| 2025-10-09 | 1.07 |
| 2025-10-08 | 1.07 |
| 2025-10-07 | 1.03 |
| 2025-10-06 | 1.04 |
| 2025-10-03 | 1.07 |
| 2025-10-02 | 1.06 |
| 2025-10-01 | 1.12 |
| 2025-09-30 | 1.11 |
| 2025-09-29 | 1.13 |
| 2025-09-26 | 1.13 |
| 2025-09-25 | 1.11 |
| 2025-09-24 | 1.13 |
| 2025-09-23 | 1.13 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.