Smith-Midland Corp (SMID) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Smith-Midland Corp $21.62, price $24.02, upside -10.0%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Smith-Midland Corp
SMID · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $13.16 – $50.03 · fair‑value band $15.69 – $32.41 · the $24.02 price screens above the $21.62 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. Dashed = 300-day average. As of Sep 23, 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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Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. 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 $24.02, while our model-based Fair Value estimate is $21.62, implying the stock looks roughly 11.1% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $32.90 per share, and 14 of the 24 models we run sit above the $24.02 price.
Bear case: the Asset-Based group reads lowest at $6.86, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $15.69 (bear) to $32.41 (bull), the price of $24.02 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 62/100 (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 $127M · P/E ratio 16.5 · P/S ratio 2.20 · EPS (TTM) $1.46 · Net margin 13.4% · Return on equity 14.5% · Return on assets (EBIT) 9.8% · Operating margin 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −10%, SMID screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 10
Revenue & earnings trend
Growth Forecast
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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 · 258 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)
- 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 |
|---|---|---|---|
| CRH plc CRH | $88.04 | $74.79 | −15% |
| Holcim AG HOLN | CHF 66.32 | CHF 33.05 | −50% |
| Vulcan Materials Company VMC | $247.87 | $131.48 | −47% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,155 | ₹4,719 | −58% |
| Martin Marietta Materials, Inc MLM | $499.34 | $245.83 | −51% |
| China Jushi Co 600176 | ¥45.62 | ¥29.50 | −35% |
| Amrize AG AMRZ | $39.00 | $34.66 | −11% |
| Grasim Industries Limited GRASIM | ₹3,189 | ₹1,245 | −61% |
| CEMEX, S.A. CX | $10.24 | $25.27 | +147% |
| James Hardie Industries plc JHX | A$38.17 | A$7.93 | −79% |
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Key figures of Smith-Midland Corp
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