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Wednesday 4 November 2026 Export FRHC’s income statement to Excel — free account

Freedom Holding Corp.

FRHC Financial Financial Conglomerates

Freedom Holding Corp.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 9.34% from fiscal 2025.

Revenue
+39.8%
EPS
+1.96%
Free cash flow
−197.0%
Total debt
+115.7%

Quarter to June 2026, against a year earlier

186.01 0.82 −0.44%
Market cap
$11.9B
P/E
72.8×
Fwd P/E
12.3×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Freedom Holding Corp. (FRHC) valuation and DCF model

What the price implies · reverse DCF

Freedom Holding Corp. is not valued here: a bank or insurer is valued on its dividend, and it pays none.

Last 5 years, reported
90.8%
Last 10 years, reported
91.1%

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Financial Conglomerates).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 72.77× 50.32× 41.24× 76% above 15.52× 369% above
P/FCF — 6.27× 6.27× — 9.82× —
P/B 7.37× 5.73× 5.90× 25% above 1.39× 429% above
EV/EBITDA — 6.56× 7.55× — 3.38× —
EV/Sales — 3.42× 3.60× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
16.07×39.21×62.34×85.48×10Y avg 41.24×2018201920202021202220232024202520262026

FRHC trades at 72.77× P/E, against a 10-year average of 41.24× (range 4.89×–92.43×). That is dearer than 78% of the last 9 year-end readings; re-rating to the average implies $105.41 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.