Freedom Holding (STU:DMW2) ROCE %: 17.93% (As of Mar. 2026)


STU:DMW2 Freedom Holding Corp STU:DMW2
84 GF Score
Price €112.00
GF Value €133.71
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Freedom Holding ROCE %?

Freedom Holding STU:DMW2 -5.08% 84 ROCE % is 17.93% as of Mar. 2026. GuruFocus rates STU:DMW2 with a GF Score™ of 84/100 and a GF Value™ of €133.71 (Modestly Undervalued). The stock has 11 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Freedom Holding's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.93%.

Freedom Holding  (STU:DMW2) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Freedom Holding ROCE % Related Terms

Freedom Holding ROCE % Historical Data

* Premium members only.

The historical data trend for Freedom Holding's ROCE % 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.

Freedom Holding ROCE % Chart

Freedom Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.83 41.35 50.31 25.85 20.34

Freedom Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 -4.29 20.85 21.02 25.76 17.93
STU:DMW2
84GF Score
Freedom Holding Corp STU:DMW2
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Freedom Holding ROCE % Calculation

Freedom Holding's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=618.476/( ( (9171.483 - 6674.171) + (11379.282 - 7795.754) )/ 2 )
=618.476/( (2497.312+3583.528)/ 2 )
=618.476/3040.42
=20.34 %

Freedom Holding's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=610.588/( ( (10569.796 - 7341.448) + (11379.282 - 7795.754) )/ 2 )
=610.588/( ( 3228.348 + 3583.528 )/ 2 )
=610.588/3405.938
=17.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 17.93% mean?
Freedom Holding (STU:DMW2) has a ROCE % of 17.93% as of Mar. 2026.
Is Freedom Holding's ROCE % too high?
Freedom Holding's current ROCE % is 17.93%. Overall, Freedom Holding has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's ROCE % compare to VOYA and HTH?
Freedom Holding's ROCE % of 17.93% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Freedom Holding's current ROCE % is 17.93%. 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 (STU:DMW2) is currently considered Modestly Undervalued. The stock's GF Value™ is €133.71, compared to a current price of €112.00 — trading 16.2% below its estimated fair value. The current ROCE % is 17.93%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Freedom Holding (STU:DMW2), the current ROCE % is 17.93% 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 (STU:DMW2) Overvalued in 2026?

Based on GuruFocus' analysis, Freedom Holding stock appears to be undervalued. The current stock price of €112.00 is trading 16.2% below its estimated GF Value™ of €133.71. GuruFocus considers Freedom Holding to be Modestly Undervalued.

Key valuation signals for STU:DMW2:

  • ROCE %: 17.93%
  • GF Value™: €133.71 vs. price of €112.00 (16.2% below fair value)
  • GF Score™: 84/100 with 11 warning signs

No single metric tells the full story. See the STU:DMW2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Freedom Holding Business Description

Address 40 Wall Street, 58th Floor, New York, NY, USA, 10005
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

Get the complete analysis for STU:DMW2

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

€112.00
Price
€133.71
GF Value