Freedom HoldingFRHC +20.40%73 Return-on-Tangible-Equity is 2.41% as of Mar. 2026, which is 91% below its 10-year median of 25.98. GuruFocus rates FRHC with a GF Score™ of 73/100 and a GF Value™ of $153.67 (Fairly Valued). The stock has 11 warning signs investors should review. Among 489 Diversified Financial Services companies, Freedom Holding ranks better than 91.21% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Freedom Holding's annualized net income for the quarter that ended in Mar. 2026 was $32 Mil. Freedom Holding's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,322 Mil. Therefore, Freedom Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.41%.
The historical rank and industry rank for Freedom Holding's Return-on-Tangible-Equity or its related term are showing as below:
FRHC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.26 Med: 25.98 Max: 76.44
Current: 12.75
During the past 13 years, Freedom Holding's highest Return-on-Tangible-Equity was 76.44%. The lowest was 6.26%. And the median was 25.98%.
FRHC's Return-on-Tangible-Equity is ranked better than 91.21% of 489
companies
in the Diversified Financial Services industry
Industry Median: 1.65
vs FRHC: 12.75
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Freedom Holding Return-on-Tangible-Equity Related Terms
Freedom Holding Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Freedom Holding's Return-on-Tangible-Equity 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-Equity Comparison
For the Financial Conglomerates subindustry, Freedom Holding's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Freedom Holding's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.41% mean?
Freedom Holding (FRHC) has a Return-on-Tangible-Equity of 2.41% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Freedom Holding and its competitors. This is 91% below median its historical median of 25.98. Over the past decade, Freedom Holding's Return-on-Tangible-Equity has ranged from 6.26 to 76.44. According to the industry distribution chart, Freedom Holding ranks #43 out of 489 companies in the Diversified Financial Services industry, placing it in the top 8.8%.
Is Freedom Holding's Return-on-Tangible-Equity too high?
Freedom Holding's current Return-on-Tangible-Equity of 2.41% is 91% below median its 10-year median of 25.98. Over the past 10 years, this metric has ranged from a low of 6.26 to a high of 76.44. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.65. Freedom Holding's value of 2.41% is 46.1% above this industry median. Based on the distribution chart, Freedom Holding ranks #43 out of 489 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Freedom Holding has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Return-on-Tangible-Equity compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #43 out of 489 companies for Return-on-Tangible-Equity. This places Freedom Holding in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 1.65. Freedom Holding's value of 2.41% is 46.1% above this benchmark. Historically, Freedom Holding's own Return-on-Tangible-Equity has ranged from 6.26 to 76.44 over the past decade. While the company's 10-year median is 25.98 vs. the industry median of 1.65, 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 Return-on-Tangible-Equity for a Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.65, based on 489 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current Return-on-Tangible-Equity of 2.41% is 46.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Freedom Holding and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current Return-on-Tangible-Equity is 2.41%, which is 91% below median its own 10-year median of 25.98. 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 $153.67, compared to a current price of $157.11 — trading 2.2% above its estimated fair value. The current Return-on-Tangible-Equity is 2.41%, which is 91% below median its 10-year median of 25.98 and 46.1% above the Diversified Financial Services industry median of 1.65. Freedom Holding's overall GF Score™ is 73/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Return-on-Tangible-Equity is 2.41% 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 $157.11 is trading 2.2% above its estimated GF Value™ of $153.67.
GuruFocus considers Freedom Holding to be Fairly Valued.
Key valuation signals for FRHC:
Return-on-Tangible-Equity: 2.41% (91% below median its 10-year median of 25.98)
GF Value™: $153.67 vs. price of $157.11 (2.2% above fair value)
Industry Position: 46.1% above the Diversified Financial Services median (#43 of 489)
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.
73GF Score
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