Freedom HoldingFRHC +2.68%84 Cyclically Adjusted PS Ratio is 11.01 as of Jul. 08, 2026, which is 1% below its 10-year median of 11.09. GuruFocus rates FRHC with a GF Score™ of 84/100 and a GF Value™ of $154.22 (Fairly Valued). The stock has 11 warning signs investors should review. Among 74 Diversified Financial Services companies, Freedom Holding ranks worse than 86.49% on this metric.
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: 11.09 Max: 36.91
Current: 10.73
During the past years, Freedom Holding's highest Cyclically Adjusted PS Ratio was 36.91. The lowest was 0.01. And the median was 11.09.
FRHC's Cyclically Adjusted PS Ratio is ranked worse than 86.49% of 74
companies
in the Diversified Financial Services industry
Industry Median: 2.555
vs FRHC: 10.73
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 Mar. 2026 was $8.693. 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 $14.25 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
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
Freedom Holding Cyclically Adjusted PS Ratio Historical Data
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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.
Freedom Holding Cyclically Adjusted PS Ratio Chart
FRHC vs VOYA, HTH, TMS: Cyclically Adjusted PS Ratio Comparison
For the Financial Conglomerates 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 Cyclically Adjusted PS Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services 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
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 11.01 mean?
Freedom Holding (FRHC) has a Cyclically Adjusted PS Ratio of 11.01 as of Jul. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Freedom Holding and its competitors. This is near median its historical median of 11.09. Over the past decade, Freedom Holding's Cyclically Adjusted PS Ratio has ranged from 0.01 to 36.91. According to the industry distribution chart, Freedom Holding ranks #64 out of 74 companies in the Diversified Financial Services industry, placing it in the top 86.5%.
Is Freedom Holding's Cyclically Adjusted PS Ratio too high?
Freedom Holding's current Cyclically Adjusted PS Ratio of 11.01 is near median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 36.91. The Diversified Financial Services industry median Cyclically Adjusted PS Ratio is 2.56. Freedom Holding's value of 11.01 is 330.9% above this industry median. Based on the distribution chart, Freedom Holding ranks #64 out of 74 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Freedom Holding has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Cyclically Adjusted PS Ratio compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #64 out of 74 companies for Cyclically Adjusted PS Ratio. This places Freedom Holding in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.56. Freedom Holding's value of 11.01 is 330.9% above this benchmark. Historically, Freedom Holding's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 36.91 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 2.56, Freedom Holding has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Diversified Financial Services company?
The median Cyclically Adjusted PS Ratio among Diversified Financial Services companies is 2.56, based on 74 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current Cyclically Adjusted PS Ratio of 11.01 is 330.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Freedom Holding and its competitors. For the Diversified Financial Services industry, the median Cyclically Adjusted PS Ratio is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current Cyclically Adjusted PS Ratio is 11.01, which is near median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freedom Holding stock overvalued right now?
Based on GuruFocus' analysis, Freedom Holding (FRHC) is currently considered Fairly Valued. The stock's GF Value™ is $154.22, compared to a current price of $156.95 — trading 1.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.01, which is near median its 10-year median of 11.09 and 330.9% above the Diversified Financial Services industry median of 2.56. Freedom Holding's overall GF Score™ is 84/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Cyclically Adjusted PS Ratio is 11.01 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Freedom Holding (FRHC) Overvalued in 2026?
Based on GuruFocus' analysis, Freedom Holding stock appears to be overvalued.
The current stock price of $156.95 is trading 1.8% above its estimated GF Value™ of $154.22.
GuruFocus considers Freedom Holding to be Fairly Valued.
Key valuation signals for FRHC:
Cyclically Adjusted PS Ratio: 11.01 (near median its 10-year median of 11.09)
GF Value™: $154.22 vs. price of $156.95 (1.8% above fair value)
Industry Position: 330.9% above the Diversified Financial Services median (#64 of 74)
No single metric tells the full story. See the FRHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freedom Holding Corp is a holding company with its subsidiary it is engaged in securities brokerage, securities dealing for customers and account, market-making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. 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 segments are Brokerage, Banking, Insurance, and Others.
84GF Score
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