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SBI HoldingsFRA:ZOF -0.30%78 Intrinsic Value: Projected FCF is €106.20 as of Sep. 12, 2026. GuruFocus rates FRA:ZOF with a GF Score™ of 78/100 and a GF Value™ of €15.48 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 89 Diversified Financial Services companies, SBI Holdings ranks better than 91.01% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-12), SBI Holdings's Intrinsic Value: Projected FCF is €106.20. The stock price of SBI Holdings is €18.005. Therefore, SBI Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.
The historical rank and industry rank for SBI Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:
FRA:ZOF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.13 Med: 0.61 Max: 16.21
Current: 0.17
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of SBI Holdings was 16.21. The lowest was 0.13. And the median was 0.61.
FRA:ZOF's Price-to-Projected-FCF is ranked better than 91.01% of 89
companies
in the Diversified Financial Services industry
Industry Median: 1.24
vs FRA:ZOF: 0.17
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
SBI Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
18.005
/
118.16160550065
=
0.15
* 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.
SBI Holdings Intrinsic Value: Projected FCF Related Terms
SBI Holdings Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for SBI Holdings's Intrinsic Value: Projected FCF 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:ZOF vs FRHC, VOYA: Intrinsic Value: Projected FCF Comparison
For the Financial Conglomerates subindustry, SBI Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
SBI Holdings Price-to-Projected-FCF vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where SBI Holdings's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of €106.20 mean?
SBI Holdings (FRA:ZOF) has a Intrinsic Value: Projected FCF of €106.20 as of Sep. 12, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on SBI Holdings and its competitors. According to the industry distribution chart, SBI Holdings ranks #8 out of 89 companies in the Diversified Financial Services industry, placing it in the top 9%.
Is SBI Holdings' Intrinsic Value: Projected FCF too high?
SBI Holdings' current Intrinsic Value: Projected FCF is €106.20. Based on the distribution chart, SBI Holdings ranks #8 out of 89 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, SBI Holdings has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Intrinsic Value: Projected FCF compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #8 out of 89 companies for Intrinsic Value: Projected FCF. This places SBI Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 1.24. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Diversified Financial Services company?
The median Intrinsic Value: Projected FCF among Diversified Financial Services companies is 1.24, based on 89 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on SBI Holdings and its competitors. For the Diversified Financial Services industry, the median Intrinsic Value: Projected FCF is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Intrinsic Value: Projected FCF is €106.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.48, compared to a current price of €18.01 — trading 16.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is €106.20. SBI Holdings' overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For SBI Holdings (FRA:ZOF), the current Intrinsic Value: Projected FCF is €106.20 as of Sep. 12, 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €18.01 is trading 16.3% above its estimated GF Value™ of €15.48.
GuruFocus considers SBI Holdings to be Modestly Overvalued.
Key valuation signals for FRA:ZOF:
Intrinsic Value: Projected FCF: €106.20
GF Value™: €15.48 vs. price of €18.01 (16.3% above fair value)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
78GF Score
Get the complete analysis for FRA:ZOF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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