Alexander Forbes Grp Hldg Ltd (AFH) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Alexander Forbes Grp Hldg Ltd stock ZAR 5.27, price ZAR 7.53, that is 30.0% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Alexander Forbes Grp Hldg Ltd
AFH · JSEOur calculation puts a fair price 30% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range R2.94 – R9.33 · fair‑value band R3.95 – R6.58 · the R7.53 price screens above the R5.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Alexander Forbes Group Holdings Limited, a financial services company, provides employee benefits, retirement and healthcare consulting, investment, and wealth management solutions to corporate clients and individuals in South Africa, Namibia, Botswana, Jersey, the Channel Islands, and Nigeria.
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It offers solutions for individuals, including preservation funds, local and global unit trusts, tax-free saving accounts, wills and estates planning, investment planning, retirement navigators, and living and living and retirement annuities, as well as healthcare broking and management solutions.
The company also provides solutions for businesses, such as retirement consulting services; platform, investment consulting, and multi-management services; healthcare consulting, group risk, and administration services; umbrella and beneficiary funds; and employee benefit systems.
In addition, it offers financial advisory and broking services. The company was formerly known as Alexander Forbes Equity Holdings Proprietary Limited and changed its name to Alexander Forbes Group Holdings Limited in June 2014.
Alexander Forbes Group Holdings Limited was founded in 1935 and is headquartered in Sandton, South Africa.
Stock analysis
Alexander Forbes Grp Hldg Ltd (AFH) currently trades at R7.53, while our model-based Fair Value estimate is R5.27, 30% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of R6.09 per share, and 1 of the 6 models we run sit above the R7.53 price.
Bear case: the Asset-Based group reads lowest at R0.9300, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: R3.95 (bear) to R6.58 (bull), the price of R7.53 sits above 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 55/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Alexander Forbes Grp Hldg Ltd reported revenue of 6.3B ZAR in FY2026 versus 4.2B ZAR in FY2022, a compound +10.7%/yr. Reported net income was 841M ZAR in FY2026, compounding +14.2%/yr from FY2022.
Key figures
Market cap 9.9B ZAR Small · P/E ratio 13.2 · P/S ratio 1.58 · EPS (TTM) R0.5700 · Dividend yield 7.6% · Net margin 13.4% · Return on equity 19.3% · Return on assets (EBIT) 0.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −39% fair-value upside, at −30%, AFH screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
AFH screens overvalued: fair value 30% below the price. Compare with ORIX Corporation →
Compare Alexander Forbes Grp Hldg Ltd with another stock
Price, fair value, quality and upside side by side.
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.Financial Conglomerates · 49 stocks
Valuation Multiplesvs Financial Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Guosen Securities Co 002736 | ¥8.99 | ¥15.33 | +71% | vs AFH |
| ORIX Corporation IX | $34.85 | $59.05 | +69% | vs AFH |
| China Galaxy Securities Co 601881 | ¥11.75 | ¥12.36 | +5% | vs AFH |
| CNPC Capital Company 000617 | ¥6.43 | ¥6.25 | −3% | vs AFH |
| Voya Financial, Inc VOYA | $99.01 | $60.87 | −39% | vs AFH |
| Storebrand ASA STB | kr 200.00 | kr 108.73 | −46% | vs AFH |
| Aditya Birla Capital Limited ABCAPITAL | ₹401.65 | ₹217.72 | −46% | vs AFH |
| Bajaj Finserv Ltd BAJAJFINSV | ₹1,837 | ₹796.21 | −57% | vs AFH |
| Yuanta Financial Holding 2885 | 69.40 TWD | 23.12 TWD | −67% | vs AFH |
| Freedom Holding FRHC | $174.60 | $23.86 | −86% | vs AFH |
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Frequently asked questions
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Key figures of Alexander Forbes Grp Hldg Ltd
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