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Bajaj Finserv Limited (BAJAJFINSV) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Bajaj Finserv Limited stock ₹796, price ₹1,835, that is 56.6% below the price, quality 38 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services IN · ISIN INE918I01026

BF Bajaj Finserv Limited logo Some data Nov 4, 2026

Bajaj Finserv Limited

BAJAJFINSV · NSE
Very expensive, weak quality

Our calculation puts a fair price 57% below what the stock costs today.

0.1% dividend yield · Low payout
Revenue last quarter +19% vs. a year ago.
Expensive Growth (revenue 5y +41.3 %/yr in INR)
Thin margins · 6.5% net margin (TTM)
Moderate moat 59/100 · thin data
Some data
Fair value ₹796.21 · Strongly overvalued (−56.6%)
Quality 38/100
Trails peers (4/13)
Negative coverage

Risks from the AI analysis

🚩RBI curbs on revolving credit

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹2,174 ₹1,090 Fair Value ₹796.21 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range ₹1,090 – ₹2,174 · fair‑value band ₹437.19 – ₹995.26 · the ₹1,835 price screens above the ₹796.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Bajaj Finserv Ltd., through its subsidiaries, provides financial services in India. The company operates through Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others segments.

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It offers personal, business, home, home renovation, commercial, car, and gold loans; two- and three-wheeler loans; mortgages; education loans; unsecured and secured loans to small and medium-sized enterprises and professionals, as well as micro, small and medium enterprises; loans against properties, securities, car, mutual funds, bonds, and insurance policy; financing for products, such as consumer electronics, digital, lifecare, furniture, etc.; developer financing; and lease rental discounting products.

The company also provides investment products, including fixed deposits, systematic deposit plans, and mutual funds; savings products; life, health, motor, fire, engineering, liabilities, marine, crop, car, two-wheeler, pet, home, travel, and personal accident insurance products; wealth management and retirement planning services; healthcare services comprising wellness, outpatient, and inpatient services; and wallets and credit cards.

In addition, it offers pocket subscription plans; bill and recharge services; digital technology services; and trading and demat account, stock broking, margin trading, and HNI and retail broking services, as well as gold loans.

Further, the company owns and operates 138 windmills with total installed capacity of 65.2 megawatts. Bajaj Finserv Ltd. was incorporated in 2007 and is based in Pune, India.

Stock analysis

Bajaj Finserv Limited (BAJAJFINSV) currently trades at ₹1,835, while our model-based Fair Value estimate is ₹796.21, 57% 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 ₹2,144 per share, and 2 of the 9 models we run sit above the ₹1,835 price.

Bear case: the Asset-Based group reads lowest at ₹316.13, and 7 of the 9 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ₹437.19 (bear) to ₹995.26 (bull), the price of ₹1,835 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 38/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Bajaj Finserv Limited reported revenue of ₹1.5T in FY2026 versus ₹314B in FY2022, a compound +48.4%/yr. Reported net income was ₹98.0B in FY2026, compounding +21.1%/yr from FY2022.

Key figures

Market cap ₹2.9T (≈ $31.2B) Large · P/E ratio 29.1 · P/S ratio 1.87 · EPS (TTM) ₹62.99 · Dividend yield 0.1% · Net margin 6.5% · Return on equity 14.6% · Return on assets (EBIT) 3.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −5% fair-value upside, at −57%, BAJAJFINSV screens richer than that median.

Fair Value models

Bear ₹437.19 Fair Value ₹796.21 Bull ₹995.26
Price ₹1,835 · Downside -56.6%
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 (₹37.06 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 ₹437.19 ₹511.22 ₹735.30 73
Gordon GGM ₹46.98 ₹87.95 ₹125.26 65
DDM Multi-Stage ₹46.98 ₹78.70 ₹93.55 65
All 9 models by family
DCF Models
Owner Earnings ₹206.48 ₹1,641 ₹4,389 62
Earnings-Based
Graham-Dodd ₹416.48 ₹2,904 ₹4,076 61
Lynch FV ₹1,501 ₹2,144 ₹2,787 59
Dividend Discount
Gordon GGM ₹46.98 ₹87.95 ₹125.26 65
DDM Multi-Stage ₹46.98 ₹78.70 ₹93.55 65
Multiples
P/E Multiple ₹597.16 ₹796.21 ₹995.26 63
P/B Multiple ₹495.43 ₹660.58 ₹825.72 55
Asset-Based
NCAV (Graham) ₹235.92 ₹316.13 ₹471.84 53
Economic Profit
Residual Income ₹437.19 ₹511.22 ₹735.30 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 8
Debt, balance sheet and risk of trouble
Investment 35
Does it invest with discipline instead of growing at any price?
Low Volatility 89
How calm the share price moves, does not count
Price momentum 29
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 31
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+125.3%
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.
+55.8%
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.
+41.3%
Start year 2021 (pandemic). Over 10 years: +36.5% a year
Revenue growth 18 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.
+50.0%
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.
+17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)0.1%
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.17.0% vs 18.0%, steady
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.37% → 18%
Pace: the 5-year rate starts in 2021 (pandemic)

BAJAJFINSV screens overvalued: fair value 57% below the price. Compare with ORIX Corporation →

Recent news

News mood ⓘNews mood, the average tone of recent news (7 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Negative
Recent news coverage is more negative than average.

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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.Financial Conglomerates · 49 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −56.6% · Bottom 25%
Profitability
Return on equity (12 months) 14.6% · Top 25%
Return on assets 2.6% · Above median
Net margin (12 months) 13.0% · Below median
Operating margin (12 months) 40.2% · Above median
Growth and dividend
Revenue growth (quarter YoY) 19.3% · Above median
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 4.62× · Highest 25%

Valuation Multiplesvs Financial Conglomerates median · lower = cheaper

P/E (12 months) 29.1× · Priciest 25%
P/B 3.78× · Priciest 25%
P/S (12 months) 3.77× · Pricier than median
EV/EBITDA 21.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 37
FUTURE (revenue growth)97 · sector 71
PAST (return on equity)58 · sector 43
HEALTH (low debt)0 · sector 84
DIVIDEND (yield)2 · sector 63

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Bajaj Finserv Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bajaj Finserv Limited Fair Value". https://www.fairvalue-calculator.com/stock/BAJAJFINSV

Frequently asked questions

Is Bajaj Finserv Limited (BAJAJFINSV) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ₹796.21 versus a price of ₹1,835, about 57% lower (overvalued).
What is the fair value of BAJAJFINSV?
Our model-based fair value for Bajaj Finserv Limited is ₹796.21 (as of Nov 4, 2026), built from audited fundamentals. The current price: ₹1,835.
What is the quality score of BAJAJFINSV?
Bajaj Finserv Limited has a Quality Score of 38/100. 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 Bajaj Finserv Limited (BAJAJFINSV)?
Our model-based price target is the fair value of ₹796.21 (as of Nov 4, 2026) from 9 valuation models. Cautious scenario ₹437.19, optimistic scenario ₹995.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Bajaj Finserv Limited stock forecast for 2026?
Our models put fair value at ₹796.21, about 57% lower versus a price of ₹1,835 (overvalued). Cautious scenario ₹437.19, optimistic scenario ₹995.26. The calculation is refreshed regularly with new filings.
What is the revenue of Bajaj Finserv Limited (BAJAJFINSV)?
Bajaj Finserv Limited reported trailing-twelve-month revenue of about ₹1.6T (latest available figure, as of Nov 4, 2026).
Does Bajaj Finserv Limited pay a dividend?
Bajaj Finserv Limited currently shows a dividend yield of 0.08% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of Bajaj Finserv Limited (BAJAJFINSV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bajaj Finserv Limited it is ₹796.21 per share (as of Nov 4, 2026), against a price of ₹1,835. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Bajaj Finserv Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BAJAJFINSV trades above its calculated fair value: price ₹1,835, fair value ₹796.21, a gap of about −57% (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 BAJAJFINSV?
No. The price is what the market pays today (₹1,835); the fair value is what the company's own numbers justify (₹796.21). For Bajaj Finserv Limited the two are ₹1,039 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bajaj Finserv Limited worth?
The market values Bajaj Finserv Limited at about ₹2.9T (market capitalisation, as of Nov 4, 2026). Per share that is ₹1,835; our models calculate a fair value of ₹796.21 per share.
What do the bullish and bearish scenarios say about BAJAJFINSV?
Our models span a range for Bajaj Finserv Limited: cautious scenario ₹437.19, base ₹796.21, optimistic ₹995.26 per share (as of Nov 4, 2026, price ₹1,835). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAJAJFINSV?
Bajaj Finserv Limited trades at a price-to-earnings ratio of 29.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹796.21 is built from several models across several years. Other multiples: P/B 3.8, P/S 3.8, EV/EBITDA 21.8.
How solid is the balance sheet of Bajaj Finserv Limited (BAJAJFINSV)?
Balance-sheet figures for Bajaj Finserv Limited (as of Nov 4, 2026): return on equity 14.6%, debt of 4.62 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is BAJAJFINSV from its 52-week high?
Bajaj Finserv Limited trades at ₹1,835, about 13% below its 52-week high of ₹2,118 and 12% above the low of ₹1,634 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹796.21 is for.
Which stocks are comparable to Bajaj Finserv Limited?
From the same area (Financial Services) we also value ORIX Corporation, China Galaxy Securities Co, Guosen Securities Co, CNPC Capital Company, 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 Bajaj Finserv Limited stock attractive at the current price?
The data as of Nov 4, 2026: price ₹1,835, calculated fair value ₹796.21 (−57%), Quality Score 38/100, from 9 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 BAJAJFINSV calculated?
We run Bajaj Finserv Limited through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹796.21, 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 15.5% above its aggregate fair value. Bajaj Finserv 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 Bajaj Finserv Limited (BAJAJFINSV)?
The closing price on Nov 5, 2026 was ₹1,835. Our model-based fair value is ₹796.21, about 57% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bajaj Finserv Limited right now?
The price sits above even our optimistic bull case (₹995.26). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹437.19 to ₹995.26) leaves room in how you read the outcome. 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 Bajaj Finserv Limited (BAJAJFINSV) come from?
Earnings per share at Bajaj Finserv Limited grew +18.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +32.3 %, EBIT margin −7.7 %, tax rate −0.9 %, residual (interest, one-offs) −2.0 %. 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 Bajaj Finserv Limited

How large is the market capitalisation of Bajaj Finserv Limited (BAJAJFINSV)?
The market capitalisation of Bajaj Finserv Limited is ₹2.9T (≈ $31.2B). 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 Bajaj Finserv Limited (BAJAJFINSV)?
The price-to-sales ratio of Bajaj Finserv Limited is 1.87 (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 Bajaj Finserv Limited (BAJAJFINSV)?
Earnings per share at Bajaj Finserv Limited are ₹62.99 (price ÷ EPS = P/E 29.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bajaj Finserv Limited (BAJAJFINSV)?
The dividend yield of Bajaj Finserv Limited is 0.1% (payout 2.4%). 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 Bajaj Finserv Limited (BAJAJFINSV)?
The net margin of Bajaj Finserv Limited is 6.5% (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 Bajaj Finserv Limited (BAJAJFINSV)?
The return on equity (ROE) of Bajaj Finserv Limited is 14.6% (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 Bajaj Finserv Limited (BAJAJFINSV)?
On an EBIT basis the return on assets of Bajaj Finserv Limited is 3.7% (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 Bajaj Finserv Limited (BAJAJFINSV)?
The operating margin of Bajaj Finserv Limited is 40.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bajaj Finserv Limited (BAJAJFINSV)?
Revenue at Bajaj Finserv Limited is growing +19.3% versus a year earlier (3y avg +55.8%). 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 Bajaj Finserv Limited (BAJAJFINSV)?
Earnings per share at Bajaj Finserv Limited are growing +12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bajaj Finserv Limited (BAJAJFINSV) generate?
The free cash flow of Bajaj Finserv Limited is −₹522B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bajaj Finserv Limited (BAJAJFINSV) carry?
The net debt of Bajaj Finserv Limited is ₹3.4T (fiscal year 2026). 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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