Freedom HoldingFRHC +3.25%72 3-Year ROIIC % is 1.90 as of Mar. 2026, which is 83% below its 10-year median of 11.11. GuruFocus rates FRHC with a GF Score™ of 72/100 and a GF Value™ of $153.90 (Fairly Valued). The stock has 11 warning signs investors should review. Among 176 Diversified Financial Services companies, Freedom Holding ranks better than 61.93% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Freedom Holding's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 1.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Freedom Holding's 3-Year ROIIC % or its related term are showing as below:
FRHC's 3-Year ROIIC % is ranked better than 61.93% of 176
companies
in the Diversified Financial Services industry
Industry Median: 0.115
vs FRHC: 1.90
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Freedom Holding 3-Year ROIIC % Related Terms
Freedom Holding 3-Year ROIIC % Historical Data
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The historical data trend for Freedom Holding's 3-Year ROIIC % 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.
For the Financial Conglomerates subindustry, Freedom Holding's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Freedom Holding's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Freedom Holding (FRHC) has a 3-Year ROIIC % of 1.90 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Freedom Holding and its competitors. This is 83% below median its historical median of 11.11. Over the past decade, Freedom Holding's 3-Year ROIIC % has ranged from 1.51 to 18.33. According to the industry distribution chart, Freedom Holding ranks #67 out of 176 companies in the Diversified Financial Services industry, placing it in the top 38.1%.
Is Freedom Holding's 3-Year ROIIC % too high?
Freedom Holding's current 3-Year ROIIC % of 1.90 is 83% below median its 10-year median of 11.11. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 18.33. The Diversified Financial Services industry median 3-Year ROIIC % is 0.12. Freedom Holding's value of 1.90 is 1552.2% above this industry median. Based on the distribution chart, Freedom Holding ranks #67 out of 176 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Freedom Holding has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's 3-Year ROIIC % compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #67 out of 176 companies for 3-Year ROIIC %. This puts Freedom Holding in the upper half of its industry. The industry median 3-Year ROIIC % is 0.12. Freedom Holding's value of 1.90 is 1552.2% above this benchmark. Historically, Freedom Holding's own 3-Year ROIIC % has ranged from 1.51 to 18.33 over the past decade. While the company's 10-year median is 11.11 vs. the industry median of 0.12, 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 3-Year ROIIC % for a Diversified Financial Services company?
The median 3-Year ROIIC % among Diversified Financial Services companies is 0.12, based on 176 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current 3-Year ROIIC % of 1.90 is 1552.2% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Freedom Holding and its competitors. For the Diversified Financial Services industry, the median 3-Year ROIIC % is 0.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current 3-Year ROIIC % is 1.90, which is 83% below median its own 10-year median of 11.11. 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 $153.90, compared to a current price of $162.22 — trading 5.4% above its estimated fair value. The current 3-Year ROIIC % is 1.90, which is 83% below median its 10-year median of 11.11 and 1552.2% above the Diversified Financial Services industry median of 0.12. Freedom Holding's overall GF Score™ is 72/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Freedom Holding (FRHC), the current 3-Year ROIIC % is 1.90 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 $162.22 is trading 5.4% above its estimated GF Value™ of $153.90.
GuruFocus considers Freedom Holding to be Fairly Valued.
Key valuation signals for FRHC:
3-Year ROIIC %: 1.90 (83% below median its 10-year median of 11.11)
GF Value™: $153.90 vs. price of $162.22 (5.4% above fair value)
Industry Position: 1552.2% above the Diversified Financial Services median (#67 of 176)
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.
72GF Score
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