Alexander Forbes Group Holdings (JSE:AFH) Interest Coverage: 14.38 (As of Mar. 2026) — 56% Above Median


JSE:AFH Alexander Forbes Group Holdings Ltd JSE:AFH
68 GF Score
Price R7.50
GF Value R8.61
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Alexander Forbes Group Holdings Interest Coverage?

Alexander Forbes Group Holdings JSE:AFH +0.94% 68 Interest Coverage is 14.38 as of Mar. 2026, which is 56% above its 10-year median of 9.20. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.61 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 395 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks worse than 93.16% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Alexander Forbes Group Holdings's Operating Income for the six months ended in Mar. 2026 was R604 Mil. Alexander Forbes Group Holdings's Interest Expense for the six months ended in Mar. 2026 was R-42 Mil. Alexander Forbes Group Holdings's interest coverage for the quarter that ended in Mar. 2026 was 14.38. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Alexander Forbes Group Holdings's Interest Coverage or its related term are showing as below:

JSE:AFH' s Interest Coverage Range Over the Past 10 Years
Min: 3.75   Med: 9.2   Max: 11.96
Current: 11.96


JSE:AFH's Interest Coverage is ranked worse than
93.16% of 395 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs JSE:AFH: 11.96

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Alexander Forbes Group Holdings  (JSE:AFH) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Alexander Forbes Group Holdings Interest Coverage Related Terms


Alexander Forbes Group Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Alexander Forbes Group Holdings's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Alexander Forbes Group Holdings Interest Coverage Chart

Alexander Forbes Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.13 9.72 9.39 9.80 11.96

Alexander Forbes Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage 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 7.91 9.83 9.76 9.55 14.38

JSE:AFH vs VOYA, FRHC: Interest Coverage Comparison

For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Alexander Forbes Group Holdings Interest Coverage vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's Interest Coverage falls into.


JSE:AFH
68GF Score
Alexander Forbes Group Holdings Ltd JSE:AFH
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander Forbes Group Holdings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alexander Forbes Group Holdings's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Alexander Forbes Group Holdings's Interest Expense was R-84 Mil. Its Operating Income was R1,005 Mil. And its Long-Term Debt & Capital Lease Obligation was R549 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*1005/-84
=11.96

Alexander Forbes Group Holdings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Alexander Forbes Group Holdings's Interest Expense was R-42 Mil. Its Operating Income was R604 Mil. And its Long-Term Debt & Capital Lease Obligation was R549 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*604/-42
=14.38

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 14.38 mean?
Alexander Forbes Group Holdings (JSE:AFH) has a Interest Coverage of 14.38 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alexander Forbes Group Holdings and its competitors. This is 56% above median its historical median of 9.20. Over the past decade, Alexander Forbes Group Holdings' Interest Coverage has ranged from 3.75 to 11.96. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #368 out of 395 companies in the Diversified Financial Services industry, placing it in the top 93.2%.
Is Alexander Forbes Group Holdings' Interest Coverage too high?
Alexander Forbes Group Holdings' current Interest Coverage of 14.38 is 56% above median its 10-year median of 9.20. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 11.96. The Diversified Financial Services industry median Interest Coverage is 10,000.00. Alexander Forbes Group Holdings' value of 14.38 is 99.9% below this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #368 out of 395 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Interest Coverage compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #368 out of 395 companies for Interest Coverage. This places Alexander Forbes Group Holdings in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Alexander Forbes Group Holdings' value of 14.38 is 99.9% below this benchmark. Historically, Alexander Forbes Group Holdings' own Interest Coverage has ranged from 3.75 to 11.96 over the past decade. While the company's 10-year median is 9.20 vs. the industry median of 10,000.00, Alexander Forbes Group Holdings 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 Interest Coverage for a Diversified Financial Services company?
The median Interest Coverage among Diversified Financial Services companies is 10,000.00, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alexander Forbes Group Holdings's current Interest Coverage of 14.38 is 99.9% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Interest Coverage is 14.38, which is 56% above median its own 10-year median of 9.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.61, compared to a current price of R7.50 — trading 12.9% below its estimated fair value. The current Interest Coverage is 14.38, which is 56% above median its 10-year median of 9.20 and 99.9% below the Diversified Financial Services industry median of 10,000.00. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Alexander Forbes Group Holdings (JSE:AFH), the current Interest Coverage is 14.38 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued. The current stock price of R7.50 is trading 12.9% below its estimated GF Value™ of R8.61. GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.

Key valuation signals for JSE:AFH:

  • Interest Coverage: 14.38 (56% above median its 10-year median of 9.20)
  • GF Value™: R8.61 vs. price of R7.50 (12.9% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 99.9% below the Diversified Financial Services median (#368 of 395)

No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexander Forbes Group Holdings Business Description

Address 115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score

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

R7.50
Price
R8.61
GF Value