American Railcar Industries, Inc. (NASDAQ:ARII) is not your average value stock. With an asset value per share of $17.8, American Railcar looks expensive compared to its assets. Indeed, the company is more expensive on a price-to-book basis than its peer FreightCar America, Inc. (NASDAQ:RAIL), which trades at a price-to-book ratio of 1 and has $9.6 per share in cash, at approximately 50% of its market cap. That said, FreightCar's low valuation is more to do with the company's exposure to the declining coal industry.
American Railcar Industries’ stocks attractive
However, American Railcar Industries, Inc. (NASDAQ:ARII) offers a different kind of value and...
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