How does FRMO's PE Ratio compare to its peers?

FRMO is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (23.4x).

How does FRMO's PE Ratio compare vs other companies in the US Capital Markets Industry?

FRMO is good value based on its Price-To-Earnings Ratio (2x) compared to the US Capital Markets industry average (22.4x).

What is FRMO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FRMO's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of FRMO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FRMO ($9.6) is trading below our estimate of [[fair value]] ($12.99)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FRMO (OTCPK:FRMO) - Stock Price, News & Analysis

FRMO Stock Overview

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States. More details

FRMO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 26.1% below our estimate of its fair value

Became profitable this year

Risk Analysis

High level of non-cash earnings

My Notes

Capture your thoughts, links and company narrative

FRMO Corporation Competitors

Saratoga Investment

NYSE:SAR

US$357.7m

Trinity Capital

NasdaqGS:TRIN

US$903.0m

Agriculture & Natural Solutions Acquisition

NasdaqGM:ANSC

US$453.7m

Capital Southwest

NasdaqGS:CSWC

US$1.1b

Price History & Performance

Summary of share price highs, lows and changes for FRMO
Historical stock prices
Current Share Price	US$9.60
52 Week High	US$13.27
52 Week Low	US$6.40
Beta	1.12
1 Month Change	-10.41%
3 Month Change	6.33%
1 Year Change	33.33%
3 Year Change	-4.95%
5 Year Change	39.74%
Change since IPO	156.00%

Recent updates

Shareholder Returns

	FRMO	US Capital Markets	US Market
7D	-4.0%	-1.8%	-0.3%
1Y	33.3%	42.4%	22.7%

Return vs Industry: FRMO underperformed the US Capital Markets industry which returned 44.3% over the past year.

Return vs Market: FRMO exceeded the US Market which returned 22.2% over the past year.

Price Volatility

Is FRMO's price volatile compared to industry and market?
FRMO volatility
FRMO Average Weekly Movement	8.4%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	6.4%
10% most volatile stocks in US Market	18.8%
10% least volatile stocks in US Market	3.2%

Stable Share Price: FRMO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FRMO's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	n/a	Murray Stahl	www.frmocorp.com

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States. The company offers in-depth analysis of information-poor, and under-researched companies and strategies to identify complex or overlooked situations. It serves institutional investors.

FRMO Corporation Fundamentals Summary

How do FRMO's earnings and revenue compare to its market cap?
FRMO fundamental statistics
Market cap	US$429.22m
Earnings (TTM)	US$206.94m
Revenue (TTM)	US$525.85m

2.0x

P/E Ratio

0.8x

P/S Ratio

Is FRMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRMO income statement (TTM)
Revenue	US$525.85m
Cost of Revenue	US$0
Gross Profit	US$525.85m
Other Expenses	US$318.92m
Earnings	US$206.94m

Last Reported Earnings

Nov 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.70
Gross Margin	100.00%
Net Profit Margin	39.35%
Debt/Equity Ratio	0.08%

How did FRMO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/04 07:38
End of Day Share Price	2025/02/04 00:00
Earnings	2024/11/30
Annual Earnings	2024/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FRMO Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.