FRHC (Freedom Holding) EBIT: $715 Mil (TTM As of Mar. 2026)


FRHC Freedom Holding Corp FRHC
81 GF Score
Price $129.50
GF Value $153.27
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Freedom Holding EBIT?

Freedom Holding FRHC -4.41% 81 EBIT is $715 Mil as of Mar. 2026. GuruFocus rates FRHC with a GF Score™ of 81/100 and a GF Value™ of $153.27 (Modestly Undervalued). The stock has 11 warning signs investors should review.

Freedom Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $176 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $715 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freedom Holding's annualized ROC % for the quarter that ended in Mar. 2026 was 2.02%. Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 181.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freedom Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.02%.

Freedom Holding  (NAS:FRHC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Freedom Holding's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=736.044 * ( 1 - 74.29% )/( (9548.634 + 9201.692)/ 2 )
=189.2369124/9375.163
=2.02 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12376.81 - 619.589 - ( 3140.576 - max(0, 8596.543 - 10805.13+3140.576))
=9548.634

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13155.239 - 787.952 - ( 3879.253 - max(0, 9012.432 - 12178.027+3879.253))
=9201.692

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=705.884/( ( (370.734 + max(-1887.163, 0)) + (405.975 + max(-1850.423, 0)) )/ 2 )
=705.884/( ( 370.734 + 405.975 )/ 2 )
=705.884/388.3545
=181.76 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3010.731 + 0 + 2643.375) - (619.589 + 6921.68 + 0)
=-1887.163

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4691.344 + 17.623 + 1428.119) - (787.952 + 7199.557 + 0)
=-1850.423

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Freedom Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=715.001/6489.793
=11.02 %

* 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 EBIT Related Terms

Freedom Holding EBIT Historical Data

* Premium members only.

The historical data trend for Freedom Holding's EBIT 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 EBIT Chart

Freedom Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 440.64 444.89 940.05 640.48 715.00

Freedom Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -29.45 153.93 162.75 221.86 176.47

FRHC vs VOYA, HTH, TREE: EBIT Comparison

For the Financial Conglomerates subindustry, Freedom Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Freedom Holding's EV-to-EBIT falls into.


FRHC
81GF Score
Freedom Holding Corp FRHC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Freedom Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $715 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $715 Mil mean?
Freedom Holding (FRHC) has a EBIT of $715 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Freedom Holding.
Is Freedom Holding's EBIT too high?
Freedom Holding's current EBIT is $715 Mil. Overall, Freedom Holding has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's EBIT compare to VOYA and HTH?
Freedom Holding's EBIT of $715 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Freedom Holding. Freedom Holding's current EBIT is $715 Mil. 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 Modestly Undervalued. The stock's GF Value™ is $153.27, compared to a current price of $129.50 — trading 15.5% below its estimated fair value. The current EBIT is $715 Mil. Freedom Holding's overall GF Score™ is 81/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Freedom Holding (FRHC), the current EBIT is $715 Mil 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 $129.50 is trading 15.5% below its estimated GF Value™ of $153.27. GuruFocus considers Freedom Holding to be Modestly Undervalued.

Key valuation signals for FRHC:

  • EBIT: $715 Mil
  • GF Value™: $153.27 vs. price of $129.50 (15.5% below fair value)
  • GF Score™: 81/100 with 11 warning signs

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 Business Description

Address 40 Wall Street, 58th Floor, New York, NY, USA, 10005
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.
81GF Score

Get the complete analysis for FRHC

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

$129.50
Price
$153.27
GF Value