Is FRHC or RILY more undervalued in 2026?

CirclFi compares Freedom Holding Corp. (FRHC) and BRC Group Holdings, Inc. (RILY) using 13 institutional-grade valuation models. FRHC has a Quality of Company score of 6.8/10 while RILY scores 5.3/10.

Which is a better buy — FRHC or RILY?

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 RILY valuations compare?

FRHC at $144.07 and RILY at $10.27 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FRHC vs RILY 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

RILY

Financial Conglomerates

BRC Group Holdings, Inc.

Quality

5.3

out of 10

Value Trap

WARN

Price

$10.27

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	FRHC Fair Value	FRHC Upside	RILY Fair Value	RILY Upside
Bayesian DCF	Intrinsic	$197.82	+37.3%	—	—
Earnings Power Value	Intrinsic	$37.43	-74.0%	$25.49	+183.9%
EROIC Spread	Intrinsic	$34.37	-76.1%	$12.56	+39.9%
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 RILY — Which Stock Is More Undervalued?

FRHC scores higher with a 6.8/10 quality rating vs RILY's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Freedom Holding Corp. (FRHC) and BRC Group Holdings, Inc. (RILY) 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 RILY trades at $10.27 with a QOC of 5.3/10.

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).