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- Freedom Holding
Freedom Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for Freedom Holding and similar public comparables like Bank of the Philippine Islands, UMB Bank, Banca Transilvania, Bank Muscat and more.
Freedom Holding Overview
About Freedom Holding
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.
Founded
1981
HQ

Employees
996
Website
Financials (FY)
EV
$8B
Freedom Holding Financials
Freedom Holding reported last fiscal year revenue of $2B and EBITDA of $666M.
In the same fiscal year, Freedom Holding generated $1B in gross profit, $666M in EBITDA, and $85M in net income.
Revenue (LTM)
Freedom Holding P&L
In the most recent fiscal year, Freedom Holding reported revenue of $2B and EBITDA of $666M.
Freedom Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 53% | XXX | XXX | XXX |
| EBITDA | — | XXX | $666M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 31% | XXX | XXX | XXX |
| Net Profit | — | XXX | $85M | XXX | XXX | XXX |
| Net Margin | — | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Freedom Holding Stock Performance
Freedom Holding has current market cap of $9B, and enterprise value of $8B.
Market Cap Evolution
Freedom Holding's stock price is $151.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $9B | -3.9% | XXX | XXX | XXX | $1.38 |
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Start Free TrialFreedom Holding Valuation Multiples
Freedom Holding trades at 4.1x EV/Revenue multiple, and 12.4x EV/EBITDA.
EV / Revenue (LTM)
Freedom Holding Financial Valuation Multiples
As of April 11, 2026, Freedom Holding has market cap of $9B and EV of $8B.
Equity research analysts estimate Freedom Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Freedom Holding has a P/E ratio of 109.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 12.4x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 13.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.7x | XXX | XXX | XXX |
| P/E | — | XXX | 109.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 5.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Freedom Holding Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Freedom Holding Margins & Growth Rates
Freedom Holding's revenue in the last fiscal year grew by 5%.
Freedom Holding's revenue per employee in the last FY averaged $2.0M, while opex per employee averaged $0.4M for the same period.
Freedom Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (10%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Freedom Holding Public Comps
See public comps and valuation multiples for other Investment Brokerage and Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bank of the Philippine Islands | XXX | XXX | XXX | XXX | XXX | XXX |
| UMB Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Banca Transilvania | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank Muscat | XXX | XXX | XXX | XXX | XXX | XXX |
| Old National | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Freedom Holding M&A Activity
Freedom Holding acquired XXX companies to date.
Last acquisition by Freedom Holding was on XXXXXXXX, XXXXX. Freedom Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Freedom Holding
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFreedom Holding Investment Activity
Freedom Holding invested in XXX companies to date.
Freedom Holding made its latest investment on XXXXXXXX, XXXXX. Freedom Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Freedom Holding
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Freedom Holding
| When was Freedom Holding founded? | Freedom Holding was founded in 1981. |
| Where is Freedom Holding headquartered? | Freedom Holding is headquartered in United States. |
| How many employees does Freedom Holding have? | As of today, Freedom Holding has over 996 employees. |
| Who is the CEO of Freedom Holding? | Freedom Holding's CEO is Timur Turlov. |
| Is Freedom Holding publicly listed? | Yes, Freedom Holding is a public company listed on Nasdaq. |
| What is the stock symbol of Freedom Holding? | Freedom Holding trades under FRHC ticker. |
| When did Freedom Holding go public? | Freedom Holding went public in 1994. |
| Who are competitors of Freedom Holding? | Freedom Holding main competitors are Bank of the Philippine Islands, UMB Bank, Banca Transilvania, Bank Muscat. |
| What is the current market cap of Freedom Holding? | Freedom Holding's current market cap is $9B. |
| What is the current revenue of Freedom Holding? | Freedom Holding's last fiscal year revenue is $2B. |
| What is the current EV/Revenue multiple of Freedom Holding? | Current revenue multiple of Freedom Holding is 4.1x. |
| Is Freedom Holding profitable? | No, Freedom Holding is not profitable. |
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