Frp Holdings Ord (FRPH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Frp Holdings Ord stock $14.34, price $18.63, that is 23.0% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $18.30 – $32.50 · fair‑value band $8.45 – $20.88 · the $18.63 price screens above the $14.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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FRP Holdings, Inc. engages in the real estate business in the United States. The company operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. Its Industrial and Commercial segment owns, leases, and manages commercial properties.
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The Mining Royalty Lands segment owns, leases, and manages mining royalties in Florida, Georgia, and Virginia. Its Development segment owns and assesses the use of parcels of land that are in various stages of development; and constructs new buildings own and operate.
The Multifamily segment owns, leases, and manages buildings through joint ventures. FRP Holdings, Inc. was founded in 1988 and is based in Jacksonville, Florida.
Stock analysis
Frp Holdings Ord (FRPH) currently trades at $18.63, while our model-based Fair Value estimate is $14.34, 23% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $18.71 per share, and 3 of the 13 models we run sit above the $18.63 price.
Bear case: the Multiples group reads lowest at $3.52, and 10 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: $8.45 (bear) to $20.88 (bull), the price of $18.63 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Frp Holdings Ord reported revenue of $42.8M in FY2025 versus $31.2M in FY2021, a compound +8.2%/yr. Reported net income was $3.3M in FY2025, compounding −41.4%/yr from FY2021.
Key figures
Market cap $356M Small · P/S ratio 10.6 · EPS (TTM) $−0.0400 · Net margin −2.2% · Return on equity −0.3% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin 10.4% · Revenue (TTM) $33.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −23%, FRPH screens richer than that median.
Fair Value models
Bear$8.45Fair Value $14.34Bull$20.88
Price $18.63 · Downside -23.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors bought shares worth $349,926, most recently on Aug 18, 2026. Buying cluster
BuyJohn D Baker IIDirector, 10% owner5× since Nov 10, 2025: 495,977 shares, avg. $20.97$10.4MAug 18, 2026
BuyJohn D. Baker IIICEO, Director2× since Nov 10, 2025: 10,966 shares, avg. $22.59$247,722Aug 7, 2026
SaleDavid H Devilliers JrSr. Advisor to Pres. & COO, Director2× since Nov 21, 2025: 6,060 shares, avg. $22.91$138,825Jan 1, 2026
SaleDavid H deVilliers IIIPresident & COO2× since Dec 11, 2025: 6,089 shares, avg. $22.92$139,530Dec 31, 2025
BuyMatthew C. McNultyCFO2,000 shares at $23.89$47,780Nov 13, 2025
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.7%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.5% vs −10.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 11.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +2.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 472 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−23.0% · Below median
Profitability
Return on assets0.5% · Below median
Net margin (12 months)−2.2% · Bottom 25%
Operating margin (12 months)10.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.9% · Below median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B0.83× · Pricier than median
P/S (12 months)10.60× · Priciest 25%
Price / free cash flow (fiscal year)12.0× · Pricier than median
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Cite: Fair Value Calculator (2026). "Frp Holdings Ord Fair Value". https://www.fairvalue-calculator.com/stock/FRPH
Frequently asked questions
Is Frp Holdings Ord (FRPH) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $14.34 versus a price of $18.63, about 23% lower (overvalued).
What is the fair value of FRPH?
Our model-based fair value for Frp Holdings Ord is $14.34 (as of Nov 7, 2026), built from audited fundamentals. The current price: $18.63.
What is the quality score of FRPH?
Frp Holdings Ord has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Frp Holdings Ord (FRPH)?
Our model-based price target is the fair value of $14.34 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario $8.45, optimistic scenario $20.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Frp Holdings Ord stock forecast for 2026?
Our models put fair value at $14.34, about 23% lower versus a price of $18.63 (overvalued). Cautious scenario $8.45, optimistic scenario $20.88. The calculation is refreshed regularly with new filings.
What is the revenue of Frp Holdings Ord (FRPH)?
Frp Holdings Ord reported trailing-twelve-month revenue of about $33.6M (latest available figure, as of Nov 7, 2026).
What growth is priced into Frp Holdings Ord (FRPH)?
For today's price to be fair in a discounted-cash-flow model, Frp Holdings Ord would have to grow free cash flow by +4.9 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of FRPH use?
Our models discount Frp Holdings Ord at 10.0 %: a base by market capitalisation (small), damped by beta 0.54, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Frp Holdings Ord that is +4.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Frp Holdings Ord (FRPH) delivered so far?
Over the past 5 years revenue at Frp Holdings Ord grew +12.7 % a year. The price currently implies free-cash-flow growth of +4.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Frp Holdings Ord (FRPH) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Frp Holdings Ord (+4.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Frp Holdings Ord (FRPH)?
The free-cash-flow yield on the price is 8.34 %: that much free cash flow Frp Holdings Ord produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Frp Holdings Ord (FRPH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Frp Holdings Ord it is $14.34 per share (as of Nov 7, 2026), against a price of $18.63. It is the blended result of 13 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Frp Holdings Ord stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FRPH trades above its calculated fair value: price $18.63, fair value $14.34, a gap of about −23% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FRPH?
No. The price is what the market pays today ($18.63); the fair value is what the company's own numbers justify ($14.34). For Frp Holdings Ord the two are $4.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Frp Holdings Ord worth?
The market values Frp Holdings Ord at about $356M (market capitalisation, as of Nov 7, 2026). Per share that is $18.63; our models calculate a fair value of $14.34 per share.
What do the bullish and bearish scenarios say about FRPH?
Our models span a range for Frp Holdings Ord: cautious scenario $8.45, base $14.34, optimistic $20.88 per share (as of Nov 7, 2026, price $18.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of FRPH?
The PEG ratio of Frp Holdings Ord is 1.12 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Frp Holdings Ord (FRPH)?
Balance-sheet figures for Frp Holdings Ord (as of Nov 7, 2026): return on equity −0.3%, debt of 0.45 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is FRPH from its 52-week high?
Frp Holdings Ord trades at $18.63, about 27% below its 52-week high of $25.56 and 2% above the low of $18.30 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $14.34 is for.
Which stocks are comparable to Frp Holdings Ord?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Frp Holdings Ord stock attractive at the current price?
The data as of Nov 7, 2026: price $18.63, calculated fair value $14.34 (−23%), Quality Score 60/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FRPH calculated?
We run Frp Holdings Ord through 13 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $14.34 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Frp Holdings Ord itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Frp Holdings Ord (FRPH)?
The closing price on Nov 6, 2026 was $18.63. Our model-based fair value is $14.34, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Frp Holdings Ord right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($8.45 to $20.88) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Frp Holdings Ord (FRPH) come from?
Earnings per share at Frp Holdings Ord grew −7.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.2 %, EBIT margin +4.3 %, tax rate +2.5 %, residual (interest, one-offs) −7.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Frp Holdings Ord
How large is the market capitalisation of Frp Holdings Ord (FRPH)?
The market capitalisation of Frp Holdings Ord is $356M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Frp Holdings Ord (FRPH)?
The price-to-sales ratio of Frp Holdings Ord is 10.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Frp Holdings Ord (FRPH)?
Earnings per share at Frp Holdings Ord are $−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Frp Holdings Ord (FRPH)?
The net margin of Frp Holdings Ord is −2.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Frp Holdings Ord (FRPH)?
The return on equity (ROE) of Frp Holdings Ord is −0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Frp Holdings Ord (FRPH)?
On an EBIT basis the return on assets of Frp Holdings Ord is 1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Frp Holdings Ord (FRPH)?
The operating margin of Frp Holdings Ord is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Frp Holdings Ord (FRPH)?
Revenue at Frp Holdings Ord is growing −0.9% versus a year earlier (3y avg +4.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Frp Holdings Ord (FRPH)?
Earnings per share at Frp Holdings Ord are growing −77.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Frp Holdings Ord (FRPH) carry?
The net debt of Frp Holdings Ord is $87.2M (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026