Smith-Midland Corp (SMID) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Smith-Midland Corp stock $21.96, price $26.11, that is 15.9% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Smith-Midland Corp
SMID · USOur calculation puts a fair price 16% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $13.16 – $50.03 · fair‑value band $15.89 – $32.96 · the $26.11 price screens above the $21.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems.
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The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, which are used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.
It also provides Easi-Set utility vaults used to house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as manufactures custom-built utility vaults for special needs; SoftSound soundwall panels that absorbs highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage and street level leak detection product for panelized exterior cladding.
The company licenses its proprietary products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad.
It markets its products through in-house sales force and independent sales representatives; contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities.
The company serves construction, highway, utilities, and farming industries. Smith-Midland Corporation was founded in 1960 and is based in Midland, Virginia.
Stock analysis
Smith-Midland Corp (SMID) currently trades at $26.11, while our model-based Fair Value estimate is $21.96, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $33.34 per share, and 10 of the 24 models we run sit above the $26.11 price.
Bear case: the Asset-Based group reads lowest at $2.89, and 14 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $15.89 (bear) to $32.96 (bull), the price of $26.11 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Smith-Midland Corp reported revenue of $93.4M in FY2025 versus $50.6M in FY2021, a compound +16.6%/yr. Reported net income was $12.5M in FY2025, compounding +13.4%/yr from FY2021.
Key figures
Market cap $139M Micro · P/E ratio 18.0 · P/S ratio 1.55 · EPS (TTM) $1.45 · Net margin 8.6% · Return on equity 14.5% · Return on assets (EBIT) 9.8% (5-year average) · Operating margin 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −16%, SMID screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors bought shares worth $108,040, most recently on Sep 2, 2026. Buying cluster
- BuyMatthew I SmithDirector2,000 shares at $27.15$54,300Sep 2, 2026
- BuyAshley B SmithChief Executive Officer, Director2,000 shares at $26.87$53,740Sep 1, 2026
- SaleRichard GerhardtDirector666 shares at $33.26$22,151Nov 24, 2025
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
SMID screens overvalued: fair value 16% below the price. Compare with CRH plc →
Compare Smith-Midland Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Valuation Multiplesvs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China Jushi Co 600176 | ¥27.45 | ¥28.04 | +2% | vs SMID |
| Heidelberg Materials AG HEI | €173.80 | €177.49 | +2% | vs SMID |
| Holcim AG HOLN | CHF 73.26 | CHF 66.54 | −9% | vs SMID |
| Amrize AG AMRZ | $41.87 | $35.08 | −16% | vs SMID |
| CRH plc CRH | $94.81 | $75.09 | −21% | vs SMID |
| Vulcan Materials Company VMC | $282.72 | $132.92 | −53% | vs SMID |
| Martin Marietta Materials, Inc MLM | $518.15 | $214.62 | −59% | vs SMID |
| Grasim Industries Limited GRASIM | ₹3,227 | ₹1,245 | −61% | vs SMID |
| UltraTech Cement Limited ULTRACEMCO | ₹12,450 | ₹4,721 | −62% | vs SMID |
| James Hardie Industries plc JHX | A$41.89 | A$10.28 | −75% | vs SMID |
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Key figures of Smith-Midland Corp
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