FRP Holdings, Inc. logo FRPH - FRP Holdings, Inc.

Price: -- --
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 75% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 161.2% above fair value
Current Price $22.63
Bear Case $6.93 69.4% downside ($6.93 - $22.63) / $22.63 = -69.4% $0.47 × 15x P/E
Fair Value $8.66 61.7% downside ($8.66 - $22.63) / $22.63 = -61.7% $0.47 × 19x P/E
Bull Case $10.40 54.1% downside ($10.40 - $22.63) / $22.63 = -54.1% $0.47 × 22x P/E

Adjust Assumptions

18.5x
0.47$

Key Value Driver

Normalized P/E multiple (19x base case)

Implied Market Multiple 48.4x

Plain-Language Summary

Applying a 19x P/E to adjusted EPS of $0.47, the base-case value is $8.66 per share.

Warnings

The company's reported profits differ from official accounting profits by 175%. Check what costs are being left out of the adjusted number.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples