P/E ratio for Friedman Industries (FRD)
P/E ratio as of May 2024 (TTM): 7.98
According to Friedman Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.97531. At the end of 2022 the company had a P/E ratio of 10.1.
P/E ratio history for Friedman Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.1 | 397.11% |
| 2021 | 2.03 | -108.58% |
| 2020 | -23.7 | 92.54% |
| 2019 | -12.3 | -330.03% |
| 2018 | 5.34 | -93.42% |
| 2017 | 81.1 | -599.53% |
| 2016 | -16.2 | -117.62% |
| 2015 | 92.2 | 136.66% |
| 2014 | 38.9 | 71.39% |
| 2013 | 22.7 | 135.76% |
| 2012 | 9.64 | 22.53% |
| 2011 | 7.87 | -20.89% |
| 2010 | 9.94 | -118.76% |
| 2009 | -53.0 | -1877.25% |
| 2008 | 2.98 | -69.47% |
| 2007 | 9.77 | -5.54% |
| 2006 | 10.3 | 35.2% |
| 2005 | 7.65 | -36.2% |
| 2004 | 12.0 | -39.34% |
| 2003 | 19.8 | 36.03% |
| 2002 | 14.5 | 2.92% |
| 2001 | 14.1 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.