Angel One Limited (ANGELONE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Angel One Limited stock ₹180, price ₹338, that is 46.7% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹84.07 – ₹351.92 · fair‑value band ₹61.76 – ₹364.26 · the ₹338.00 price screens above the ₹180.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Angel One Limited provides broking and advisory services, margin funding, and financial products to its clients in India and internationally. The company provides equity, commodities, derivatives, and currency derivative products.
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It also manages client's securities in the electronic form; facilitates clients in applying for initial public offerings; and provides funds to investors for trading.
In addition, the company offers insurance, mutual funds, sovereign gold bonds, and credit products; and investment insight and market research services; as well as educates clients on financial markets and investing strategies.
Further, it provides portfolio management, trading accounts, and DEMAT account services.
Additionally, the company engages in stock, currency and commodity broking, provides margin trading facility, depository services, and distribution of mutual funds; asset and wealth management services, software consultancy, annual maintenance services and other financial services.
The company operates through Angel One Super App, Angel One Trade, and Smart API investing and trading platforms.
It serves resident and non-resident individuals, salaried professionals, high net worth individuals, Hindu undivided Families, corporates and trusts, partnership firms and LLP, and co-operative societies.
The company was formerly known as Angel Broking Limited and changed its name to Angel One Limited in September 2021. Angel One Limited was incorporated in 1996 and is based in Mumbai, India.
Stock analysis
Angel One Limited (ANGELONE) currently trades at ₹338.00, while our model-based Fair Value estimate is ₹180.29, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹387.32 per share, and 1 of the 13 models we run sit above the ₹338.00 price.
Bear case: the Asset-Based group reads lowest at ₹42.84, and 12 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹61.76 (bear) to ₹364.26 (bull), the price of ₹338.00 sits inside 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 43/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Angel One Limited reported revenue of ₹51.5B in FY2026 versus ₹20.0B in FY2022, a compound +26.7%/yr. Reported net income was ₹9.2B in FY2026, compounding +10.0%/yr from FY2022.
Key figures
Market cap ₹318B (≈ $3.4B) Mid · P/E ratio 27.3 · P/S ratio 6.17 · EPS (TTM) ₹12.36 · Dividend yield 1.7% · Net margin 22.4% · Return on equity 18.4% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 7% fair-value upside, at −47%, ANGELONE screens richer than that median.
Fair Value models
Bear₹61.76Fair Value ₹180.29Bull₹364.26
Price ₹338.00 · Downside -46.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹7.62 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income₹63.22₹76.53₹105.0076
Growth DCF₹105.11₹231.07₹463.8673
Owner Earnings₹94.02₹285.70₹643.9569
All 13 models by family
DCF Models
Owner Earnings₹94.02₹285.70₹643.9569
5Y P/E Exit₹48.84₹178.10₹348.6465
10Y P/E Exit₹72.66₹212.11₹428.5458
Earnings-Based
Graham-Dodd₹68.04₹474.48₹665.8763
Lynch FV₹210.10₹300.15₹390.1961
Dividend Discount
Gordon GGM₹38.17₹69.38₹96.2368
DDM Multi-Stage₹38.17₹63.09₹74.0567
Multiples
P/E Multiple₹97.55₹130.07₹162.5963
P/B Multiple₹69.51₹92.68₹115.8455
Asset-Based
NCAV (Graham)₹28.27₹42.84₹53.5554
Growth DCF
Growth DCF₹105.11₹231.07₹463.8673
Rev-Margin DCF₹44.36₹138.85₹323.1665
Economic Profit
Residual Income₹63.22₹76.53₹105.0076
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+21.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.3%
Start year 2021 (pandemic). Over 10 years: +27.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−22.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.0%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−24.0% vs 8.3%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 25%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +2.9% a year for the price and +4.4% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Capital Markets · 455 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−46.7% · Bottom 25%
Profitability
Return on equity (12 months)18.4% · Top 25%
Return on assets3.8% · Above median
Net margin (12 months)22.4% · Above median
Operating margin (12 months)35.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.4% · Above median
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity1.29× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (12 months)27.3× · Priciest 25%
P/B5.20× · Priciest 25%
P/S (12 months)6.17× · Pricier than median
Price / free cash flow (fiscal year)15.4× · Pricier than median
EV/EBITDA28.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)77· sector 58
PAST (return on equity)74· sector 32
HEALTH (low debt)36· sector 94
DIVIDEND (yield)35· sector 46
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Angel One Limited Fair Value". https://www.fairvalue-calculator.com/stock/ANGELONE
Frequently asked questions
Is Angel One Limited (ANGELONE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹180.29 versus a price of ₹338.00, about 47% lower (overvalued).
What is the fair value of ANGELONE?
Our model-based fair value for Angel One Limited is ₹180.29 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹338.00.
What is the quality score of ANGELONE?
Angel One Limited has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Angel One Limited (ANGELONE)?
Our model-based price target is the fair value of ₹180.29 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario ₹61.76, optimistic scenario ₹364.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Angel One Limited stock forecast for 2026?
Our models put fair value at ₹180.29, about 47% lower versus a price of ₹338.00 (overvalued). Cautious scenario ₹61.76, optimistic scenario ₹364.26. The calculation is refreshed regularly with new filings.
What is the revenue of Angel One Limited (ANGELONE)?
Angel One Limited reported trailing-twelve-month revenue of about ₹51.6B (latest available figure, as of Nov 7, 2026).
Does Angel One Limited pay a dividend?
Angel One Limited currently shows a dividend yield of 1.74% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Angel One Limited (ANGELONE)?
Angel One Limited has a dividend yield of 1.7%.
What growth is priced into Angel One Limited (ANGELONE)?
For today's price to be fair in a discounted-cash-flow model, Angel One Limited would have to grow free cash flow by +7.2 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ANGELONE use?
Our models discount Angel One Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.31, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Angel One Limited that is +7.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Angel One Limited (ANGELONE) delivered so far?
Over the past 5 years revenue at Angel One Limited grew +35.3 % a year. The price currently implies free-cash-flow growth of +7.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Angel One Limited (ANGELONE) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Angel One Limited (+7.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Angel One Limited (ANGELONE)?
The free-cash-flow yield on the price is 6.49 %: that much free cash flow Angel One Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Angel One Limited (ANGELONE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Angel One Limited it is ₹180.29 per share (as of Nov 7, 2026), against a price of ₹338.00. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Angel One Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ANGELONE trades above its calculated fair value: price ₹338.00, fair value ₹180.29, a gap of about −47% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANGELONE?
No. The price is what the market pays today (₹338.00); the fair value is what the company's own numbers justify (₹180.29). For Angel One Limited the two are ₹157.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Angel One Limited worth?
The market values Angel One Limited at about ₹318B (market capitalisation, as of Nov 7, 2026). Per share that is ₹338.00; our models calculate a fair value of ₹180.29 per share.
What do the bullish and bearish scenarios say about ANGELONE?
Our models span a range for Angel One Limited: cautious scenario ₹61.76, base ₹180.29, optimistic ₹364.26 per share (as of Nov 7, 2026, price ₹338.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANGELONE?
Angel One Limited trades at a price-to-earnings ratio of 27.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹180.29 is built from several models across several years. Other multiples: P/B 5.2, P/S 6.2, EV/EBITDA 28.2.
How solid is the balance sheet of Angel One Limited (ANGELONE)?
Balance-sheet figures for Angel One Limited (as of Nov 7, 2026): return on equity 18.4%, debt of 1.29 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ANGELONE from its 52-week high?
Angel One Limited trades at ₹338.00, about 4% below its 52-week high of ₹351.92 and 61% above the low of ₹209.60 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹180.29 is for.
Which stocks are comparable to Angel One Limited?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Angel One Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹338.00, calculated fair value ₹180.29 (−47%), Quality Score 43/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANGELONE calculated?
We run Angel One Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹180.29 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Angel One Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Angel One Limited (ANGELONE)?
The closing price on Nov 9, 2026 was ₹338.00. Our model-based fair value is ₹180.29, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Angel One Limited right now?
Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (₹61.76 to ₹364.26). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Angel One Limited (ANGELONE) come from?
Earnings per share at Angel One Limited grew +21.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.8 %, EBIT margin +5.8 %, tax rate +1.7 %, residual (interest, one-offs) +5.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Angel One Limited
How large is the market capitalisation of Angel One Limited (ANGELONE)?
The market capitalisation of Angel One Limited is ₹318B (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Angel One Limited (ANGELONE)?
The price-to-sales ratio of Angel One Limited is 6.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Angel One Limited (ANGELONE)?
Earnings per share at Angel One Limited are ₹12.36 (price ÷ EPS = P/E 27.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Angel One Limited (ANGELONE)?
The dividend yield of Angel One Limited is 1.7% (payout 47.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Angel One Limited (ANGELONE)?
The net margin of Angel One Limited is 22.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Angel One Limited (ANGELONE)?
The return on equity (ROE) of Angel One Limited is 18.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Angel One Limited (ANGELONE)?
On an EBIT basis the return on assets of Angel One Limited is 9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Angel One Limited (ANGELONE)?
The operating margin of Angel One Limited is 35.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Angel One Limited (ANGELONE)?
Revenue at Angel One Limited is growing +15.4% versus a year earlier (3y avg +27.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Angel One Limited (ANGELONE)?
Earnings per share at Angel One Limited are growing +57.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Angel One Limited (ANGELONE) carry?
The net debt of Angel One Limited is ₹76.3B (fiscal year 2026, ≈ 3.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026