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Freedom HoldingFRHC +1.54%73 Debt-to-EBITDA is 3.19 as of Mar. 2026, which is 3% below its 10-year median of 3.29. GuruFocus rates FRHC with a GF Score™ of 73/100 and a GF Value™ of $155.02 (Fairly Valued). The stock has 11 warning signs investors should review. Among 120 Diversified Financial Services companies, Freedom Holding ranks better than 70% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Freedom Holding's Debt-to-EBITDA or its related term are showing as below:
FRHC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.99 Med: 3.29 Max: 6.11
Current: 3.24
During the past 13 years, the highest Debt-to-EBITDA Ratio of Freedom Holding was 6.11. The lowest was 1.99. And the median was 3.29.
FRHC's Debt-to-EBITDA is ranked better than 70% of 120
companies
in the Diversified Financial Services industry
Industry Median: 5.755
vs FRHC: 3.24
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Freedom Holding Debt-to-EBITDA Related Terms
Freedom Holding Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Freedom Holding's Debt-to-EBITDA 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.
For the Financial Conglomerates subindustry, Freedom Holding's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Freedom Holding's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Freedom Holding (FRHC) has a Debt-to-EBITDA of 3.19 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Freedom Holding. This is near median its historical median of 3.29. Over the past decade, Freedom Holding's Debt-to-EBITDA has ranged from 1.99 to 6.11. According to the industry distribution chart, Freedom Holding ranks #36 out of 120 companies in the Diversified Financial Services industry, placing it in the top 30%.
Is Freedom Holding's Debt-to-EBITDA too high?
Freedom Holding's current Debt-to-EBITDA of 3.19 is near median its 10-year median of 3.29. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 6.11. The Diversified Financial Services industry median Debt-to-EBITDA is 5.76. Freedom Holding's value of 3.19 is 44.6% below this industry median. Based on the distribution chart, Freedom Holding ranks #36 out of 120 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Freedom Holding has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Debt-to-EBITDA compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #36 out of 120 companies for Debt-to-EBITDA. This puts Freedom Holding in the upper half of its industry. The industry median Debt-to-EBITDA is 5.76. Freedom Holding's value of 3.19 is 44.6% below this benchmark. Historically, Freedom Holding's own Debt-to-EBITDA has ranged from 1.99 to 6.11 over the past decade. While the company's 10-year median is 3.29 vs. the industry median of 5.76, Freedom Holding has consistently been below 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 Debt-to-EBITDA for a Diversified Financial Services company?
The median Debt-to-EBITDA among Diversified Financial Services companies is 5.76, based on 120 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current Debt-to-EBITDA of 3.19 is 44.6% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Freedom Holding. For the Diversified Financial Services industry, the median Debt-to-EBITDA is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current Debt-to-EBITDA is 3.19, which is near median its own 10-year median of 3.29. 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 $155.02, compared to a current price of $152.69 — trading 1.5% below its estimated fair value. The current Debt-to-EBITDA is 3.19, which is near median its 10-year median of 3.29 and 44.6% below the Diversified Financial Services industry median of 5.76. Freedom Holding's overall GF Score™ is 73/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Debt-to-EBITDA is 3.19 as of Mar. 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 undervalued.
The current stock price of $152.69 is trading 1.5% below its estimated GF Value™ of $155.02.
GuruFocus considers Freedom Holding to be Fairly Valued.
Key valuation signals for FRHC:
Debt-to-EBITDA: 3.19 (near median its 10-year median of 3.29)
GF Value™: $155.02 vs. price of $152.69 (1.5% below fair value)
Industry Position: 44.6% below the Diversified Financial Services median (#36 of 120)
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.
73GF Score
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