EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Fairfax Financial Holdings (FRFFF) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Fairfax Financial Holdings $35.57, price $17.78, upside +100.0%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Financial Services · US · ISIN CA3039011026

FF Fairfax Financial Holdings logo Some data Sep 29, 2026

Fairfax Financial Holdings

FRFFF · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value $35.57 · Strongly undervalued (+100.0%)
!Quality 49/100
!Mixed Growth (revenue 5y +8.9 %/yr)
✓Solidly profitable · 11.7% net margin (TTM)
✓Low debt · generates free cash flow
!Moderate moat 54/100
!Evidence only medium, so the estimate is less certain
Watch Fairfax Financial Holdings for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$18.71 $6.34 Fair Value $35.57 Aug 2015 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 29, 2026.

How to read this chart

60‑month range $6.34 – $18.71 · fair‑value band $26.67 – $44.46 · the $17.78 price screens below the $35.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Sep 29, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Show more

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments. The company offers property insurance, which insures against losses to property from fire, explosion, and terrorism, as well as natural perils, such as earthquake, windstorm, and flood; and engineering problems, including boiler explosion, machinery breakdown, and construction defects. It also provides casualty insurance, which insures against accidents, and workers' compensation and automobile; employers' liability, accident and health, medical malpractice, cyber, and professional liability and umbrella coverage; specialty insurance comprising marine, aerospace and surety risk, and other various risks and liabilities; and reinsurance products. In addition, the company engages in the franchising, owning, and operating of restaurants; specialty sleep retailing; sports lifestyle retailing; owns and operates holiday resorts; originates, processes, and distributes value-added pulses and staple food; develops, invests, and manages hospitality real estate; and designs, manufactures, and distributes performance sports related equipment, and related apparel and accessories. Further, it offers travel and travel-related financial services; infrastructure support services; advanced digital tools for agriculture; and value-added milk, fats, fresh confectionery, and plant-based bulk ingredients. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was incorporated in 1951 and is headquartered in Toronto, Canada.

Stock analysis

Fairfax Financial Holdings (FRFFF) currently trades at $17.78, while our model-based Fair Value estimate is $35.57, implying the stock looks roughly 50.0% undervalued today.

Show more

Valuation

Bull case: the Economic Profit group reads highest at a median of $46.35 per share, and 4 of the 6 models we run sit above the $17.78 price.

Bear case: the Dividend Discount group reads lowest at $6.57, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.

Scenario range: $26.67 (bear) to $44.46 (bull), the price of $17.78 sits below 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 49/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Fairfax Financial Holdings reported revenue of $30.4B in FY2025 versus $25.8B in FY2021, a compound +4.2%/yr. Reported net income was $4.9B in FY2025, compounding +9.3%/yr from FY2021.

Key figures

Market cap $16.5B · P/E ratio 0.2 · P/S ratio 0.03 · EPS (TTM) $99.31 · Net margin 16.0% · Return on equity 17.2% · Return on assets (EBIT) 5.7% · Operating margin 14.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 5% below its 52-week high and 3% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at 100%, FRFFF screens cheaper than that median.

Fair Value models

Bear $26.67 Fair Value $35.57 Bull $44.46
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($63.75 per share) are deliberately not added. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income $34.01 $46.35 $84.05 72
Gordon GGM $3.75 $7.79 $12.36 66
DDM Multi-Stage $3.75 $6.57 $8.18 66
All 6 models by family
Dividend Discount
Gordon GGM $3.75 $7.79 $12.36 66
DDM Multi-Stage $3.75 $6.57 $8.18 66
Multiples
P/E Multiple $51.61 $68.81 $86.01 63
P/B Multiple $30.29 $40.39 $50.48 55
Asset-Based
NCAV (Graham) $14.42 $19.33 $28.85 54
Economic Profit
Residual Income $34.01 $46.35 $84.05 72

Open the full fair value analysis →

Notify me when FRFFF reaches fair value

Put FRFFF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 73

Profitability 40
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 50
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.9%
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.
+15.8%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: +12.7% a year
Revenue growth 32 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.
+16.0%
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.
+24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.9%
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.24.9% vs 16.3%, picking up
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.1% → 22%
Start year 2020 (pandemic)

Watch FRFFF, get fair value alerts →

Compare Fairfax Financial Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Insurance - Property & Casualty · 116 stocks

Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside +26.5% · Above median
Profitability
Return on equity (TTM) 17.2% · Above median
Return on assets 4.3% · Above median
Net margin (TTM) 11.7% · Above median
Operating margin (TTM) 14.4% · Above median
Growth and dividend
Revenue growth −7.8% · Bottom 25%
Dividend yield (TTM) 83.4% · Top 25%
Balance sheet
Debt / equity 0.42× · Highest 25%

Valuation Multiplesvs Insurance - Property & Casualty median · lower = cheaper

P/E (TTM) 0.2× · Cheapest 25%
P/FCF 6.9× · Cheaper than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Chubb Limited CB $331.37 $235.99 −29%
The Progressive Corporation PGR $209.47 $160.75 −23%
The Travelers Companies, Inc TRV $356.51 $279.78 −22%
The Allstate Corporation ALL $224.41 $290.52 +29%
The People's Insurance Company 601319 ¥7.98 ¥9.02 +13%
Intact Financial Corporation IFC C$250.54 C$167.88 −33%
Cincinnati Financial Corporation CINF $161.92 $143.72 −11%
W. R. Berkley Corporation WRB $67.66 $47.22 −30%
QBE Insurance Group QBE A$23.81 A$13.42 −44%
Unipol Assicurazioni S.p.A UNI €25.79 €16.11 −38%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Fairfax Financial Holdings · Fair Value
$35.57 +50%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Fairfax Financial Holdings Fair Value". https://www.fairvalue-calculator.com/stock/FRFFF

Frequently asked questions

Is Fairfax Financial Holdings (FRFFF) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $35.57 versus the last price from Sep 25, 2026 of $17.78, about +100% upside (undervalued).
What is the fair value of FRFFF?
Our model-based fair value for Fairfax Financial Holdings is $35.57 (as of Sep 29, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $17.78.
What is the quality score of FRFFF?
Fairfax Financial Holdings has a Quality Score of 49/100. 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 Fairfax Financial Holdings (FRFFF)?
Our model-based price target is the fair value of $35.57 (as of Sep 29, 2026) from 6 valuation models. Cautious scenario $26.67, optimistic scenario $44.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Fairfax Financial Holdings stock forecast for 2026?
Our models put fair value at $35.57, about +100% upside versus the last price from Sep 25, 2026 of $17.78 (undervalued). Cautious scenario $26.67, optimistic scenario $44.46. The calculation is refreshed regularly with new filings.
What is the revenue of Fairfax Financial Holdings (FRFFF)?
Fairfax Financial Holdings reported trailing-twelve-month revenue of about $38.6B (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of Fairfax Financial Holdings (FRFFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fairfax Financial Holdings it is $35.57 per share (as of Sep 29, 2026), against a price of $17.78. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Fairfax Financial Holdings stock overvalued or undervalued in 2026?
As of Sep 29, 2026, FRFFF trades below its calculated fair value: price $17.78, fair value $35.57, a gap of about +100% (undervalued). 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 FRFFF?
No. The price is what the market pays today ($17.78); the fair value is what the company's own numbers justify ($35.57). For Fairfax Financial Holdings the two are $17.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fairfax Financial Holdings worth?
The market values Fairfax Financial Holdings at about $16.5B (market capitalisation, as of Sep 29, 2026). Per share that is $17.78; our models calculate a fair value of $35.57 per share.
What do the bullish and bearish scenarios say about FRFFF?
Our models span a range for Fairfax Financial Holdings: cautious scenario $26.67, base $35.57, optimistic $44.46 per share (as of Sep 29, 2026, price $17.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRFFF?
Fairfax Financial Holdings trades at a price-to-earnings ratio of 0.2 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $35.57 is built from several models across several years.
How solid is the balance sheet of Fairfax Financial Holdings (FRFFF)?
Balance-sheet figures for Fairfax Financial Holdings (as of Sep 29, 2026): return on equity 17.2%, debt of 0.42 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is FRFFF from its 52-week high?
Fairfax Financial Holdings trades at $17.78, about 5% below its 52-week high of $18.71 and 3% above the low of $17.27 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $35.57 is for.
Which stocks are comparable to Fairfax Financial Holdings?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, 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 Fairfax Financial Holdings stock attractive at the current price?
The data as of Sep 29, 2026: price $17.78, calculated fair value $35.57 (+100%), Quality Score 49/100, from 6 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 FRFFF calculated?
We run Fairfax Financial Holdings through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $35.57, 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 14.5 % above its aggregate fair value. Fairfax Financial Holdings currently trades 50 % below its own fair value, and the market average says nothing about that. 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 Fairfax Financial Holdings (FRFFF)?
The latest price we hold is from Sep 25, 2026 and stands at $17.78. Our model-based fair value is $35.57, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fairfax Financial Holdings right now?
The price is below even our cautious bear case ($26.67). The market is more pessimistic than our downside scenario. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Fairfax Financial Holdings (FRFFF) come from?
Earnings per share at Fairfax Financial Holdings grew +16.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.2 %, EBIT margin +3.4 %, tax rate +0.3 %, residual (interest, one-offs) −0.6 %. 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 Fairfax Financial Holdings

How large is the market capitalisation of Fairfax Financial Holdings (FRFFF)?
The market capitalisation of Fairfax Financial Holdings is $16.5B. 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 Fairfax Financial Holdings (FRFFF)?
The price-to-sales ratio of Fairfax Financial Holdings is 0.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fairfax Financial Holdings (FRFFF)?
Earnings per share at Fairfax Financial Holdings are $99.31 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fairfax Financial Holdings (FRFFF)?
The net margin of Fairfax Financial Holdings is 16.0% (fiscal year 2025). 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 Fairfax Financial Holdings (FRFFF)?
The return on equity (ROE) of Fairfax Financial Holdings is 17.2% (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 Fairfax Financial Holdings (FRFFF)?
On an EBIT basis the return on assets of Fairfax Financial Holdings is 5.7% (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 Fairfax Financial Holdings (FRFFF)?
The operating margin of Fairfax Financial Holdings is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fairfax Financial Holdings (FRFFF)?
Revenue at Fairfax Financial Holdings is growing −7.8% versus a year earlier (3y avg +15.8%). 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 Fairfax Financial Holdings (FRFFF)?
Earnings per share at Fairfax Financial Holdings are growing −27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fairfax Financial Holdings (FRFFF) generate?
The free cash flow of Fairfax Financial Holdings is $2.4B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fairfax Financial Holdings (FRFFF) carry?
The net debt of Fairfax Financial Holdings is $3.2B (fiscal year 2025, ≈ 1.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Fairfax Financial Holdings in the live analysis

One click puts Fairfax Financial Holdings on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.