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.
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.
Freedom HoldingFRA:DMW2 83 EV-to-EBITDA is 8.81 as of Aug. 17, 2026, which is 5% below its 10-year median of 9.28. GuruFocus rates FRA:DMW2 with a GF Score™ of 83/100 and a GF Value™ of €143.28 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 146 Diversified Financial Services companies, Freedom Holding ranks worse than 63.7% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Freedom Holding's enterprise value is €6,198 Mil.
Freedom Holding's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €703 Mil. Therefore, Freedom Holding's EV-to-EBITDA for today is 8.81.
The historical rank and industry rank for Freedom Holding's EV-to-EBITDA or its related term are showing as below:
FRA:DMW2'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -152.42 Med: 9.28 Max: 51.8
Current: 8.74
During the past 13 years, the highest EV-to-EBITDA of Freedom Holding was 51.80. The lowest was -152.42. And the median was 9.28.
FRA:DMW2's EV-to-EBITDA is ranked worse than 63.7% of 146
companies
in the Diversified Financial Services industry
Industry Median: 3.905
vs FRA:DMW2: 8.74
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Freedom Holding's PE Ratio (TTM) for today is calculated as:
Freedom Holding's share price for today is €126.00.
Freedom Holding's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.166.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Freedom Holding's EV-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.
FRA:DMW2 vs VOYA, HTH, TREE: EV-to-EBITDA Comparison
For the Financial Conglomerates subindustry, Freedom Holding's EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Freedom Holding's EV-to-EBITDA falls into.
Freedom Holding's current Enterprise Value is €6,198 Mil.
Freedom Holding's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €703 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.
Freedom Holding (FRA:DMW2) has a EV-to-EBITDA of 8.81 as of Aug. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Freedom Holding. This is near median its historical median of 9.28. According to the industry distribution chart, Freedom Holding ranks #93 out of 146 companies in the Diversified Financial Services industry, placing it in the top 63.7%.
Is Freedom Holding's EV-to-EBITDA too high?
Freedom Holding's current EV-to-EBITDA of 8.81 is near median its 10-year median of 9.28. The Diversified Financial Services industry median EV-to-EBITDA is 3.91. Freedom Holding's value of 8.81 is 125.6% above this industry median. Based on the distribution chart, Freedom Holding ranks #93 out of 146 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Freedom Holding has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's EV-to-EBITDA compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #93 out of 146 companies for EV-to-EBITDA. This places Freedom Holding in the lower half of its industry. The industry median EV-to-EBITDA is 3.91. Freedom Holding's value of 8.81 is 125.6% above this benchmark. While the company's 10-year median is 9.28 vs. the industry median of 3.91, 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 EV-to-EBITDA for a Diversified Financial Services company?
The median EV-to-EBITDA among Diversified Financial Services companies is 3.91, based on 146 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current EV-to-EBITDA of 8.81 is 125.6% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Freedom Holding. For the Diversified Financial Services industry, the median EV-to-EBITDA is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current EV-to-EBITDA is 8.81, which is near median its own 10-year median of 9.28. 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 (FRA:DMW2) is currently considered Modestly Undervalued. The stock's GF Value™ is €143.28, compared to a current price of €126.00 — trading 12.1% below its estimated fair value. The current EV-to-EBITDA is 8.81, which is near median its 10-year median of 9.28 and 125.6% above the Diversified Financial Services industry median of 3.91. Freedom Holding's overall GF Score™ is 83/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Freedom Holding (FRA:DMW2), the current EV-to-EBITDA is 8.81 as of Aug. 17, 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 (FRA:DMW2) Overvalued in 2026?
Based on GuruFocus' analysis, Freedom Holding stock appears to be undervalued.
The current stock price of €126.00 is trading 12.1% below its estimated GF Value™ of €143.28.
GuruFocus considers Freedom Holding to be Modestly Undervalued.
Key valuation signals for FRA:DMW2:
EV-to-EBITDA: 8.81 (near median its 10-year median of 9.28)
GF Value™: €143.28 vs. price of €126.00 (12.1% below fair value)
Industry Position: 125.6% above the Diversified Financial Services median (#93 of 146)
No single metric tells the full story. See the FRA:DMW2 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.
83GF Score
Get the complete analysis for FRA:DMW2
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:DMW2 has been successfully added to your 
