Frp Holdings Ord (FRPH) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Frp Holdings Ord $13.50, price $21.08, upside -36.0%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $20.72 – $32.50 · fair‑value band $8.23 – $19.02 · the $21.08 price screens above the $13.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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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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. 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 $21.08, while our model-based Fair Value estimate is $13.50, implying the stock looks roughly 56.2% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $14.98 per share, and 0 of the 13 models we run sit above the $21.08 price.
Bear case: the Multiples group reads lowest at $2.95, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: $8.23 (bear) to $19.02 (bull), the price of $21.08 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 57/100 (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 $455M · P/E ratio 421.6 · P/S ratio 32.8 · EPS (TTM) $0.0500 · Net margin 7.8% · Return on equity 0.1% · Return on assets (EBIT) 1.1% · Operating margin −26.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 18% 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 −37% fair-value upside, at −36%, FRPH screens cheaper than that median.
Fair Value models
Bear $8.23Fair Value $13.50Bull $19.02
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 ($0.0367 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.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.
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). Over 10 years: +2.1% a year
Revenue growth 40 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.
+0.9%
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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.−27% vs −10%, 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%
Start year 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).
+6.6%
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 +4.2% 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 · 547 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−36% · Below median
Profitability
Return on equity (TTM)0% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)−26% · Bottom 25%
Growth and dividend
Revenue growth−4% · Below median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)421.6× · Priciest 25%
P/B1.06× · Pricier than median
P/S (TTM)13.60× · Priciest 25%
P/FCF15.3× · Priciest 25%
EV/EBITDA55.8× · Priciest 25%
PEG1.12× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)0· sector 12
PAST (return on equity)0· sector 16
HEALTH (low debt)78· sector 83
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
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.
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 Sep 23, 2026, our model estimates a fair value of $13.50 versus a price of $21.08, about −36% upside (overvalued).
What is the fair value of FRPH?
Our model-based fair value for Frp Holdings Ord is $13.50 (as of Sep 23, 2026), built from audited fundamentals. The current price: $21.08.
What is the quality score of FRPH?
Frp Holdings Ord has a Quality Score of 57/100. 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 $13.50 (as of Sep 23, 2026) from 13 valuation models. Cautious scenario $8.23, optimistic scenario $19.02. 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 $13.50, about −36% upside versus a price of $21.08 (overvalued). Cautious scenario $8.23, optimistic scenario $19.02. 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 $33.4M (latest available figure, as of Sep 23, 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 +6.6 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of FRPH use?
Our models discount Frp Holdings Ord at 9.9 %: a base by market capitalisation (small), damped by beta 0.52, 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 +6.6 % per year a year over ten years, using the same discount rate (9.9 %) 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 +6.6 % per year free-cash-flow growth a 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 +1.8 % a year. That is the yardstick for the growth priced into Frp Holdings Ord (+6.6 % per year a 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 7.37 %: that much free cash flow Frp Holdings Ord produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), 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 $13.50 per share (as of Sep 23, 2026), against a price of $21.08. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Frp Holdings Ord stock overvalued or undervalued in 2026?
As of Sep 23, 2026, FRPH trades above its calculated fair value: price $21.08, fair value $13.50, a gap of about −36% (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 ($21.08); the fair value is what the company's own numbers justify ($13.50). For Frp Holdings Ord the two are $7.58 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 $455M (market capitalisation, as of Sep 23, 2026). Per share that is $21.08; our models calculate a fair value of $13.50 per share.
What do the bullish and bearish scenarios say about FRPH?
Our models span a range for Frp Holdings Ord: cautious scenario $8.23, base $13.50, optimistic $19.02 per share (as of Sep 23, 2026, price $21.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRPH?
Frp Holdings Ord trades at a price-to-earnings ratio of 421.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.50 is built from several models across several years. Other multiples: PEG 1.1, P/B 1.1, P/S 13.6, EV/EBITDA 55.8.
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 Sep 23, 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 Sep 23, 2026): return on equity 0.1%, debt of 0.45 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is FRPH from its 52-week high?
Frp Holdings Ord trades at $21.08, about 18% below its 52-week high of $25.56 and 2% above the low of $20.72 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $13.50 is for.
Which stocks are comparable to Frp Holdings Ord?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Sep 23, 2026: price $21.08, calculated fair value $13.50 (−36%), Quality Score 57/100, 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 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 $13.50, 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 14.0 % 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 Sep 24, 2026 was $21.08. Our model-based fair value is $13.50, about −36% upside (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?
The price sits above even our optimistic bull case ($19.02). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($8.23 to $19.02) leaves room in how you read the outcome. 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 $455M. 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 32.8 (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 Frp Holdings Ord (FRPH)?
Earnings per share at Frp Holdings Ord are $0.0500 (price ÷ EPS = P/E 421.6). 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 7.8% (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 Frp Holdings Ord (FRPH)?
The return on equity (ROE) of Frp Holdings Ord is 0.1% (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 −26.4% (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 −3.6% 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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Some data
Sep 23, 2026