Stock fact sheet · data as of
FRP Holdings, Inc. (FRPH): fair value, margin of safety and Wheel Score
Real Estate · Real Estate - Services · United States · Blend
Is FRPH undervalued?
FRPH closed at 19.14 on 16 Oct 2026, more than 30% above the GLS average fair value of 5.70. Only 1 of the 8 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
The 8 models disagree widely: GLS Growth gives 0.0032 while DCF gives 26.34. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files FRPH under Blend.
Nine valuation models for FRPH
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 26.34 | +38% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 1.59 | -92% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 0.0811 | -100% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.0201 | -100% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.0032 | -100% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 17.32 | -10% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 0.2117 | -99% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.0559 | -100% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -8.93 | -147% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - FRPH passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.4 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 0.5%, ROE 0.8%, ROA 0.5% - with debt at 0.45 times equity and a free-cash-flow yield of 4.5%.
FRP Holdings, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Multifamily 78%, Industrial and Commercial 14%, Development 9% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 0.5% |
|---|---|---|---|
| GLS Moat | 2.4 / 10 | ROE | 0.8% |
| Debt / equity | 0.45 | ROA | 0.5% |
| Free-cash-flow yield | 4.5% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 23: No options
FRPH has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (23 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 102k shares a day on a market cap of $367M, with a beta of 0.52 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -236% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 102k shares/day, $367M cap, beta 0.52 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Real Estate - Services
The 12 companies below are the closest to FRP Holdings, Inc. by market cap within the Real Estate - Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| TCI Transcontinental Realty Investors, Inc. | 48.91 | 25.76 | -90% | 21No options | $429M |
| REAX The Real Brokerage Inc. | 13.60 | 77.37 | +82% | 45Weak | $296M |
| RMR The RMR Group Inc. | 18.12 | 50.01 | +64% | 64Fair | $291M |
| SEG Seaport Entertainment Group Inc. | 21.69 | - | - | 43Weak | $278M |
| ARL American Realty Investors, Inc. | 16.77 | 13.94 | -20% | 24No options | $271M |
| AZLCZ Aztec Land and Cattle Company, Limited | 2,800.00 | 390.58 | -617% | 16No options | $255M |
| AGNT AGNT, Inc. | 3.91 | 5.32 | +27% | 45Weak | $653M |
| TPRP Tower Properties Company | 29,000.00 | 43,759.51 | +34% | 39No options | $174M |
| CHCI Comstock Holding Companies, Inc. | 17.28 | 48.66 | +64% | 39No options | $174M |
| DOUG Douglas Elliman Inc. | 1.49 | 6.52 | +77% | 51Fair | $135M |
| MMI Marcus & Millichap, Inc. | 28.27 | 19.67 | -44% | 54Fair | $1.1B |
| HBNB Hotel101 Global Holdings Corp. | 4.71 | - | - | 27No options | $1.1B |
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Start free See the Sunday ScanQuestions about FRPH
Is FRPH undervalued right now?
No: at 19.14 the stock trades 236% above the GLS average fair value of 5.70 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FRPH and what does it mean?
FRPH has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FRPH?
5.70 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FRP Holdings, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FRPH have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FRPH, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.