FRHC (Freedom Holding) Shiller PE Ratio: 66.47 (As of Sep. 14, 2026) — 21% Above Median

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FRHC Freedom Holding Corp FRHC
83 GF Score
Price $165.50
GF Value $166.35
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is Freedom Holding Shiller PE Ratio?

Freedom Holding FRHC +1.11% 83 Shiller PE Ratio is 66.47 as of Sep. 14, 2026, which is 21% above its 10-year median of 55.03. GuruFocus rates FRHC with a GF Score™ of 83/100 and a GF Value™ of $166.35 (Fairly Valued). The stock has 11 warning signs investors should review. Among 50 Diversified Financial Services companies, Freedom Holding ranks worse than 88% on this metric.

As of today (2026-09-14), Freedom Holding's current share price is $165.50. Freedom Holding's E10 for the quarter that ended in Jun. 2026 was $2.49. Freedom Holding's Shiller PE Ratio for today is 66.47.

The historical rank and industry rank for Freedom Holding's Shiller PE Ratio or its related term are showing as below:

FRHC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 30.87   Med: 55.03   Max: 82.43
Current: 66.38

During the past years, Freedom Holding's highest Shiller PE Ratio was 82.43. The lowest was 30.87. And the median was 55.03.

FRHC's Shiller PE Ratio is ranked worse than
88% of 50 companies
in the Diversified Financial Services industry
Industry Median: 14.97 vs FRHC: 66.38

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Freedom Holding's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freedom Holding  (NAS:FRHC) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Freedom Holding Shiller PE Ratio Related Terms


Freedom Holding Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Freedom Holding's Shiller PE Ratio 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 Shiller PE Ratio Chart

Freedom Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.77 53.24 33.30 60.41 60.03

Freedom Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 66.00 75.07 50.36 60.03 52.33

FRHC vs VOYA, HTH, TMS: Shiller PE Ratio Comparison

For the Financial Conglomerates subindustry, Freedom Holding's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Shiller PE Ratio falls into.


FRHC
83GF Score
Freedom Holding Corp FRHC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Freedom Holding Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Freedom Holding's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=165.50/2.49
=66.47

* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Freedom Holding's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.52/333.9520*333.9520
=0.520

Current CPI (Jun. 2026) = 333.9520.

Freedom Holding Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.008 241.428 0.011
201612 -0.002 241.432 -0.003
201703 0.021 243.801 0.029
201706 0.016 244.955 0.022
201709 0.860 246.819 1.164
201712 -0.256 246.524 -0.347
201803 -0.064 249.554 -0.086
201806 -0.119 251.989 -0.158
201809 0.030 252.439 0.040
201812 0.150 251.233 0.199
201903 0.050 254.202 0.066
201906 0.140 256.143 0.183
201909 0.150 256.759 0.195
201912 0.070 256.974 0.091
202003 0.070 258.115 0.091
202006 0.420 257.797 0.544
202009 0.400 260.280 0.513
202012 0.720 260.474 0.923
202103 1.020 264.877 1.286
202106 0.930 271.696 1.143
202109 3.470 274.310 4.224
202112 0.860 278.802 1.030
202203 -1.340 287.504 -1.556
202206 1.030 296.311 1.161
202209 0.440 296.808 0.495
202212 1.050 296.797 1.181
202303 0.950 301.836 1.051
202306 1.160 305.109 1.270
202309 1.950 307.789 2.116
202312 1.630 306.746 1.775
202403 1.640 312.332 1.754
202406 0.570 314.175 0.606
202409 1.890 315.301 2.002
202412 1.290 315.605 1.365
202503 -2.550 319.799 -2.663
202506 0.610 322.561 0.632
202509 0.630 324.800 0.648
202512 1.250 324.054 1.288
202603 0.129 330.213 0.130
202606 0.520 333.952 0.520

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 66.47 mean?
Freedom Holding (FRHC) has a Shiller PE Ratio of 66.47 as of Sep. 14, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Freedom Holding and its competitors. This is 21% above median its historical median of 55.03. Over the past decade, Freedom Holding's Shiller PE Ratio has ranged from 30.87 to 82.43. According to the industry distribution chart, Freedom Holding ranks #44 out of 50 companies in the Diversified Financial Services industry, placing it in the top 88%.
Is Freedom Holding's Shiller PE Ratio too high?
Freedom Holding's current Shiller PE Ratio of 66.47 is 21% above median its 10-year median of 55.03. Over the past 10 years, this metric has ranged from a low of 30.87 to a high of 82.43. The Diversified Financial Services industry median Shiller PE Ratio is 14.97. Freedom Holding's value of 66.47 is 344% above this industry median. Based on the distribution chart, Freedom Holding ranks #44 out of 50 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Freedom Holding has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Freedom Holding's Shiller PE Ratio compare to VOYA and HTH?
According to the Diversified Financial Services industry distribution chart, Freedom Holding ranks #44 out of 50 companies for Shiller PE Ratio. This places Freedom Holding in the lower half of its industry. The industry median Shiller PE Ratio is 14.97. Freedom Holding's value of 66.47 is 344% above this benchmark. Historically, Freedom Holding's own Shiller PE Ratio has ranged from 30.87 to 82.43 over the past decade. While the company's 10-year median is 55.03 vs. the industry median of 14.97, 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 Shiller PE Ratio for a Diversified Financial Services company?
The median Shiller PE Ratio among Diversified Financial Services companies is 14.97, based on 50 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freedom Holding's current Shiller PE Ratio of 66.47 is 344% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Freedom Holding and its competitors. For the Diversified Financial Services industry, the median Shiller PE Ratio is 14.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freedom Holding's current Shiller PE Ratio is 66.47, which is 21% above median its own 10-year median of 55.03. 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 $166.35, compared to a current price of $165.50 — trading 0.5% below its estimated fair value. The current Shiller PE Ratio is 66.47, which is 21% above median its 10-year median of 55.03 and 344% above the Diversified Financial Services industry median of 14.97. Freedom Holding's overall GF Score™ is 83/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Freedom Holding (FRHC), the current Shiller PE Ratio is 66.47 as of Sep. 14, 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 $165.50 is trading 0.5% below its estimated GF Value™ of $166.35. GuruFocus considers Freedom Holding to be Fairly Valued.

Key valuation signals for FRHC:

  • Shiller PE Ratio: 66.47 (21% above median its 10-year median of 55.03)
  • GF Value™: $166.35 vs. price of $165.50 (0.5% below fair value)
  • GF Score™: 83/100 with 11 warning signs
  • Industry Position: 344% above the Diversified Financial Services median (#44 of 50)

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.
83GF Score

Get the complete analysis for FRHC

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

$165.50
Price
$166.35
GF Value