FRHC (Freedom Holding) Shares Outstanding (Basic Average): 60 Mil (As of Mar. 2026)


FRHC Freedom Holding Corp FRHC
77 GF Score
Price $128.15
GF Value $153.27
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Freedom Holding Shares Outstanding (Basic Average)?

Freedom Holding FRHC -1.04% 77 Shares Outstanding (Basic Average) is 60 Mil as of Mar. 2026. GuruFocus rates FRHC with a GF Score™ of 77/100 and a GF Value™ of $153.27 (Modestly Undervalued). The stock has 11 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Freedom Holding's average basic shares outstanding for the quarter that ended in Mar. 2026 was 60 Mil.


Freedom Holding  (NAS:FRHC) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Freedom Holding Shares Outstanding (Basic Average) Related Terms


Freedom Holding Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Freedom Holding's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

Freedom Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.38 58.63 58.96 59.39 59.99

Freedom Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) 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 59.58 59.85 59.95 59.37 60.21
FRHC
77GF Score
Freedom Holding Corp FRHC
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Freedom Holding Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 60 Mil mean?
Freedom Holding (FRHC) has a Shares Outstanding (Basic Average) of 60 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Freedom Holding and its competitors.
Is Freedom Holding's Shares Outstanding (Basic Average) too high?
Freedom Holding's current Shares Outstanding (Basic Average) is 60 Mil. Overall, Freedom Holding has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Shares Outstanding (Basic Average) compare to VOYA and HTH?
Freedom Holding's Shares Outstanding (Basic Average) of 60 Mil 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 Shares Outstanding (Basic Average) for a Diversified Financial Services company?
A good Shares Outstanding (Basic Average) depends on the Diversified Financial Services industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Freedom Holding and its competitors. Freedom Holding's current Shares Outstanding (Basic Average) is 60 Mil. 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 Modestly Undervalued. The stock's GF Value™ is $153.27, compared to a current price of $128.15 — trading 16.4% below its estimated fair value. The current Shares Outstanding (Basic Average) is 60 Mil. Freedom Holding's overall GF Score™ is 77/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Shares Outstanding (Basic Average) is 60 Mil 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 undervalued. The current stock price of $128.15 is trading 16.4% below its estimated GF Value™ of $153.27. GuruFocus considers Freedom Holding to be Modestly Undervalued.

Key valuation signals for FRHC:

  • Shares Outstanding (Basic Average): 60 Mil
  • GF Value™: $153.27 vs. price of $128.15 (16.4% below fair value)
  • GF Score™: 77/100 with 11 warning signs

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 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.
77GF Score

Get the complete analysis for FRHC

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$128.15
Price
$153.27
GF Value