Is FRHC or IX more undervalued in 2026?

CirclFi compares Freedom Holding Corp. (FRHC) and ORIX Corporation (IX) using 13 institutional-grade valuation models. FRHC has a Quality of Company score of 6.8/10 while IX scores 7.6/10.

Which is a better buy — FRHC or IX?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do FRHC and IX valuations compare?

FRHC at $144.07 and IX at $38.70 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FRHC vs IX Valuation Comparison 2026 — Intrinsic Value Analysis

FRHC

Financial Conglomerates

Freedom Holding Corp.

Quality

6.8

out of 10

Value Trap

LOW

Price

$144.07

Last close

Models

12/13

Active

IX

Financial Conglomerates

ORIX Corporation

Quality

7.6

out of 10

Value Trap

SAFE

Price

$38.70

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	FRHC Fair Value	FRHC Upside	IX Fair Value	IX Upside
Bayesian DCF	Intrinsic	$197.82	+37.3%	$137.61	+255.6%
Earnings Power Value	Intrinsic	$37.43	-74.0%	$14.25	-63.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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FRHC vs IX — Which Stock Is More Undervalued?

IX scores higher with a 7.6/10 quality rating vs FRHC's 6.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Freedom Holding Corp. (FRHC) and ORIX Corporation (IX) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

FRHC currently trades at $144.07 with a QOC of 6.8/10, while IX trades at $38.70 with a QOC of 7.6/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).