Affirm Holdings (FRA:78P) Unearned Premiums

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:78P Affirm Holdings Inc FRA:78P
61 GF Score
Price €59.96
GF Value €66.15
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Affirm Holdings Unearned Premiums?

Unearned Premiums only applies to insurance companies.

FRA:78P
61GF Score
Affirm Holdings Inc FRA:78P
Unearned Premiums is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Affirm Holdings (FRA:78P) Overvalued in 2026?

Based on GuruFocus' analysis, Affirm Holdings stock appears to be undervalued. The current stock price of €59.96 is trading 9.4% below its estimated GF Value™ of €66.15. GuruFocus considers Affirm Holdings to be Modestly Undervalued.

Key valuation signals for FRA:78P:

  • Unearned Premiums:
  • GF Value™: €66.15 vs. price of €59.96 (9.4% below fair value)
  • GF Score™: 61/100 with 9 warning signs

No single metric tells the full story. See the FRA:78P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Affirm Holdings Business Description

Address 650 California Street, San Francisco, CA, USA, 94108
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.
61GF Score

Get the complete analysis for FRA:78P

Unearned Premiums is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€59.96
Price
€66.15
GF Value