GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (NAS:FRHC) » Definitions » Cyclically Adjusted PS Ratio

Freedom Holding (Freedom Holding) Cyclically Adjusted PS Ratio : 9.00 (As of Apr. 30, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Freedom Holding Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Freedom Holding's current share price is $69.05. Freedom Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $7.67. Freedom Holding's Cyclically Adjusted PS Ratio for today is 9.00.

The historical rank and industry rank for Freedom Holding's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRHC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 11.34   Max: 36.91
Current: 8.93

During the past years, Freedom Holding's highest Cyclically Adjusted PS Ratio was 36.91. The lowest was 0.01. And the median was 11.34.

FRHC's Cyclically Adjusted PS Ratio is ranked worse than
79% of 581 companies
in the Capital Markets industry
Industry Median: 3.03 vs FRHC: 8.93

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Freedom Holding's adjusted revenue per share data for the three months ended in Dec. 2023 was $7.273. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $7.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freedom Holding Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Freedom Holding's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freedom Holding Cyclically Adjusted PS Ratio Chart

Freedom Holding Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.75 13.69 24.48 14.52 12.85

Freedom Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.69 12.85 13.06 12.13 10.50

Competitive Comparison of Freedom Holding's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Freedom Holding's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freedom Holding's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Freedom Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Cyclically Adjusted PS Ratio falls into.



Freedom Holding Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Freedom Holding's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.05/7.67
=9.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Freedom Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Freedom Holding's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.273/129.4194*129.4194
=7.273

Current CPI (Dec. 2023) = 129.4194.

Freedom Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 0.004 101.688 0.005
201609 0.019 101.861 0.024
201612 0.010 101.863 0.013
201703 0.037 102.862 0.047
201706 0.029 103.349 0.036
201709 1.124 104.136 1.397
201712 -0.027 104.011 -0.034
201803 0.161 105.290 0.198
201806 0.128 106.317 0.156
201809 0.301 106.507 0.366
201812 0.453 105.998 0.553
201903 0.386 107.251 0.466
201906 0.502 108.070 0.601
201909 0.566 108.329 0.676
201912 0.506 108.420 0.604
202003 -0.148 108.902 -0.176
202006 0.965 108.767 1.148
202009 1.192 109.815 1.405
202012 1.340 109.897 1.578
202103 3.072 111.754 3.558
202106 2.087 114.631 2.356
202109 5.335 115.734 5.966
202112 2.083 117.630 2.292
202203 2.851 121.301 3.042
202206 2.898 125.017 3.000
202209 2.925 125.227 3.023
202212 2.374 125.222 2.454
202303 4.958 127.348 5.039
202306 5.286 128.729 5.314
202309 7.109 129.860 7.085
202312 7.273 129.419 7.273

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Freedom Holding  (NAS:FRHC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Freedom Holding Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Freedom Holding's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Freedom Holding (Freedom Holding) Business Description

Traded in Other Exchanges
Address
No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040
Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.
Executives
Sergey Lukyanov officer: *See Remarks ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Evgeny Ler officer: Chief Financial Officer 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051
Liudmila Kiriaku officer: VP of Compliance until 8/18/23 CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041
Robert Wotczak officer: CEO - Prime Executions C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704
Renat Tukanov officer: CHIEF TECHNOLOGY OFFICER "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040
Boris Cherdabayev 10 percent owner, officer: Chief Operating Officer C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101
Amber Williams director 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101
Askar Tashtitov officer: President KURMANGAZY ST 31, APT 38, ALMATY 1P 050051
Arkady V Rakhilkin director AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059
Timur R Turlov director, 10 percent owner, officer: Chief Executive Officer VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000
Toleush Tolmakov 10 percent owner, officer: Vice President 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051
Daymon M. Smith director 352 E. 426 N., ALPINE UT 84004
Anuarbek Baimoldin officer: Chief Operating Officer 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051
Jason M Kerr director 1038 SOUTH 750 EAST, KAYSVILLE UT 84037
Jsc Compass Asset Management 10 percent owner 240V FURMANOVA STREET, ALMATY 1P 050059

Freedom Holding (Freedom Holding) Headlines

From GuruFocus