Voya Financial Inc (VOYA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Voya Financial Inc stock $60.87, price $99.01, that is 38.5% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Voya Financial Inc
VOYA · USOur calculation puts a fair price 39% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $52.15 – $104.86 · fair‑value band $52.00 – $77.55 · the $99.01 price screens above the $60.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits.
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The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.
This segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services.
This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional clients and individual customers.
The Employee Benefits segment offers various insurance products comprising stop loss, group life, group disability, whole and term life, critical illness, accident, and hospital indemnity insurance.
This segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations.
The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors, financial intermediaries, and institutional clients through its direct sales force, consultant channel, intermediary partners, banks, broker-dealers, and independent financial advisers.
The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was founded in 1975 and is based in New York, New York.
Stock analysis
Voya Financial Inc (VOYA) currently trades at $99.01, while our model-based Fair Value estimate is $60.87, 39% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $93.84 per share, and 0 of the 4 models we run sit above the $99.01 price.
Bear case: the Dividend Discount group reads lowest at $27.71, and 4 of the 4 models stay below the price. Data coverage for this calculation is high.
Scenario range: $52.00 (bear) to $77.55 (bull), the price of $99.01 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
Voya Financial Inc reported revenue of $7.5B in FY2025 versus $3.2B in FY2021, a compound +23.2%/yr. Reported net income was $654M in FY2025, compounding −30.9%/yr from FY2021.
Key figures
Market cap $9.6B Mid · P/E ratio 16.7 · P/S ratio 1.18 · EPS (TTM) $5.94 · Dividend yield 1.9% · Net margin 7.5% · Return on equity 9.6% · Return on assets (EBIT) 0.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −39%, VOYA screens richer than that median.
Fair Value models
All 4 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $4.1M and none bought.
- SaleTrevor OgleOfficer4× since Feb 20, 2026: 16,312 shares, avg. $79.68$1.3MOct 26, 202610b5-1 plan
- SaleSanthosh KeshavanOfficer35,587 shares at $98.07$3.5MAug 21, 202610b5-1 plan
- SaleTony D OhOfficer3,515 shares at $73.78$259,337Feb 20, 2026
- SaleMichael Robert KatzOfficer20,600 shares at $75.00$1.5MDec 12, 202510b5-1 plan
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
VOYA screens overvalued: fair value 39% below the price. Compare with ORIX Corporation →
Recent news
- What Is Voya Financial (VOYA) Telling Investors With This No Confidence Vote?
- Can Multiple Employer Solutions Boost VOYA's Retirement Business?
- Voya Financial Expands its Multiple Employer Solutions as Business Nearly Doubles
- Voya Financial Inc (VOYA) (Q3 2026) Earnings Call Highlights: Strong EPS Growth, 21% Dividend ...
Compare Voya Financial Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Financial Conglomerates · 49 stocks
Valuation Multiplesvs Financial Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Guosen Securities Co 002736 | ¥9.03 | ¥15.33 | +70% | vs VOYA |
| ORIX Corporation IX | $34.85 | $59.05 | +69% | vs VOYA |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥6.90 | ¥9.19 | +33% | vs VOYA |
| China Galaxy Securities Co 601881 | ¥11.81 | ¥12.36 | +5% | vs VOYA |
| CNPC Capital Company 000617 | ¥6.49 | ¥6.25 | −4% | vs VOYA |
| Aditya Birla Capital Limited ABCAPITAL | ₹398.80 | ₹217.72 | −45% | vs VOYA |
| Storebrand ASA STB | kr 200.00 | kr 108.73 | −46% | vs VOYA |
| Bajaj Finserv Ltd BAJAJFINSV | ₹1,865 | ₹796.21 | −57% | vs VOYA |
| Yuanta Financial Holding 2885 | 69.40 TWD | 23.12 TWD | −67% | vs VOYA |
| Freedom Holding FRHC | $178.85 | $23.86 | −87% | vs VOYA |
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Key figures of Voya Financial Inc
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