Freedom HoldingFRHC +2.76%84 Return-on-Tangible-Asset is 0.25% as of Mar. 2026, which is 96% below its 10-year median of 6.00. GuruFocus rates FRHC with a GF Score™ of 84/100 and a GF Value™ of $154.38 (Fairly Valued). The stock has 11 warning signs investors should review. Among 561 Diversified Financial Services companies, Freedom Holding ranks better than 59.71% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Freedom Holding's annualizedNet Income for the quarter that ended in Mar. 2026 was $32 Mil. Freedom Holding's average total tangible assets for the quarter that ended in Mar. 2026 was $12,646 Mil. Therefore, Freedom Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.25%.
The historical rank and industry rank for Freedom Holding's Return-on-Tangible-Asset or its related term are showing as below:
FRHC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.85 Med: 6 Max: 11.8
Current: 1.4
During the past 13 years, Freedom Holding's highest Return-on-Tangible-Asset was 11.80%. The lowest was 0.85%. And the median was 6.00%.
FRHC's Return-on-Tangible-Asset is ranked better than 59.71% of 561
companies
in the Diversified Financial Services industry
Industry Median: 0.9
vs FRHC: 1.40
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Freedom Holding Return-on-Tangible-Asset Related Terms
Freedom Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Freedom Holding's Return-on-Tangible-Asset 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.
FRHC vs VOYA, HTH, TMS: Return-on-Tangible-Asset Comparison
For the Financial Conglomerates subindustry, Freedom Holding's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Freedom Holding's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.25% mean?
Freedom Holding (FRHC) has a Return-on-Tangible-Asset of 0.25% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Freedom Holding and its competitors. This is 96% below median its historical median of 6.00. Over the past decade, Freedom Holding's Return-on-Tangible-Asset has ranged from 0.85 to 11.80. According to the industry distribution chart, Freedom Holding ranks #226 out of 561 companies in the Diversified Financial Services industry, placing it in the top 40.3%.
Is Freedom Holding's Return-on-Tangible-Asset too high?
Freedom Holding's current Return-on-Tangible-Asset of 0.25% is 96% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 11.80. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.90. Freedom Holding's value of 0.25% is 72.2% below this industry median. Based on the distribution chart, Freedom Holding ranks #226 out of 561 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Freedom Holding has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Return-on-Tangible-Asset compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #226 out of 561 companies for Return-on-Tangible-Asset. This puts Freedom Holding in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.90. Freedom Holding's value of 0.25% is 72.2% below this benchmark. Historically, Freedom Holding's own Return-on-Tangible-Asset has ranged from 0.85 to 11.80 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 0.90, 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 Return-on-Tangible-Asset for a Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.90, based on 561 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current Return-on-Tangible-Asset of 0.25% is 72.2% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Freedom Holding and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current Return-on-Tangible-Asset is 0.25%, which is 96% below median its own 10-year median of 6.00. 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 $154.38, compared to a current price of $166.69 — trading 8% above its estimated fair value. The current Return-on-Tangible-Asset is 0.25%, which is 96% below median its 10-year median of 6.00 and 72.2% below the Diversified Financial Services industry median of 0.90. Freedom Holding's overall GF Score™ is 84/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Return-on-Tangible-Asset is 0.25% 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 overvalued.
The current stock price of $166.69 is trading 8% above its estimated GF Value™ of $154.38.
GuruFocus considers Freedom Holding to be Fairly Valued.
Key valuation signals for FRHC:
Return-on-Tangible-Asset: 0.25% (96% below median its 10-year median of 6.00)
GF Value™: $154.38 vs. price of $166.69 (8% above fair value)
Industry Position: 72.2% below the Diversified Financial Services median (#226 of 561)
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.
84GF Score
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