The Bank of New York Mellon Corporation (BNY) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of The Bank of New York Mellon Corporation stock $72.33, price $147, that is 50.8% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $33.48 – $164.84 · fair‑value band $59.00 – $98.34 · the $147.11 price screens above the $72.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
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The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments.
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The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.
This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors.
The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services.
This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services.
The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services.
The Other segment provides corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services.
The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Stock analysis
The Bank of New York Mellon Corporation (BNY) currently trades at $147.11, while our model-based Fair Value estimate is $72.33, 50.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $72.33 per share, and 0 of the 6 models we run sit above the $147.11 price.
Bear case: the Asset-Based group reads lowest at $24.41, and 6 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $59.00 (bear) to $98.34 (bull), the price of $147.11 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 72/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
The Bank of New York Mellon Corporation reported revenue of $40.4B in FY2025 versus $15.9B in FY2021, a compound +26.4%/yr. Reported net income was $5.5B in FY2025, compounding +10.2%/yr from FY2021.
Key figures
Market cap $103B Large · P/E ratio 16.3 · P/S ratio 4.67 · EPS (TTM) $9.03 · Dividend yield 1.5% · Net margin 29.7% · Return on equity 14.9% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −51%, BNY screens richer than that median.
Fair Value models
Bear$59.00Fair Value $72.33Bull$98.34
Price $147.11 · Downside -50.8%
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 2025 figures (about 10 months old). Earnings retained since then ($5.73 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.
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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.2%
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.
+26.9%
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.
+19.5%
Start year 2020 (pandemic). Over 10 years: +10.3% a year
Revenue growth 42 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.
+10.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.2%
Dividend (yield on the price)1.5%
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.12.4% vs 10.7%, steady
Profit margin 2020 to 2025 ⓘ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.27% → 18%
2025 sits 88% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
−7.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −10.1% a year for the forecasts.
News mood ⓘNews mood, the average tone of recent news (62 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Established custodian scale delivers pricing stability while innovation and human capital stay average for the sector with partly commoditized services.
Main risk: Faster-moving peers advancing tokenization such as JPM Coin risk squeezing margins in the traditional custody business.
BNY is extending its custody and transfer agency platform onto blockchain networks, including a deeper collaboration with Ripple for tokenized trade finance and digital assets. Revenue growth has outpaced expenses enough for management to raise its 2026 operating leverage target. Our models see the stock as overvalued. Will the push into on-chain services generate meaningful new fee streams, or will it mainly safeguard margins in the traditional custody business against faster-moving competitors?
Compare The Bank of New York Mellon Corporation with another stock
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.Banks - Diversified · 46 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−50.8% · Bottom 25%
Profitability
Return on equity (12 months)14.9% · Above median
Return on assets1.2% · Top 25%
Net margin (12 months)29.7% · Below median
Operating margin (12 months)39.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.5% · Above median
Dividend yield (12 months)1.5% · Bottom 25%
Balance sheet
Debt / equity0.73× · Below median
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
P/E (12 months)16.3× · Priciest 25%
P/B2.32× · Priciest 25%
P/S (12 months)4.67× · Pricier than median
Price / free cash flow19.8× · Priciest 25%
PEG1.14× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)58· sector 36
PAST (return on equity)59· sector 47
HEALTH (low debt)64· sector 40
DIVIDEND (yield)30· sector 62
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). "The Bank of New York Mellon Corporation Fair Value". https://www.fairvalue-calculator.com/stock/BNY
Frequently asked questions
Is The Bank of New York Mellon Corporation (BNY) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of $72.33 versus a price of $147.11, about 51% lower (overvalued).
What is the fair value of BNY?
Our model-based fair value for The Bank of New York Mellon Corporation is $72.33 (as of Nov 1, 2026), built from audited fundamentals. The current price: $147.11.
What is the quality score of BNY?
The Bank of New York Mellon Corporation has a Quality Score of 72/100. 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 The Bank of New York Mellon Corporation (BNY)?
Our model-based price target is the fair value of $72.33 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario $59.00, optimistic scenario $98.34. It is a calculation from audited fundamentals, not an analyst target.
What is the The Bank of New York Mellon Corporation stock forecast for 2026?
Our models put fair value at $72.33, about 51% lower versus a price of $147.11 (overvalued). Cautious scenario $59.00, optimistic scenario $98.34. The calculation is refreshed regularly with new filings.
What is the revenue of The Bank of New York Mellon Corporation (BNY)?
The Bank of New York Mellon Corporation reported trailing-twelve-month revenue of about $22.0B (latest available figure, as of Nov 1, 2026).
Does The Bank of New York Mellon Corporation pay a dividend?
The Bank of New York Mellon Corporation currently shows a dividend yield of 1.51% relative to its recent price (as of Nov 1, 2026).
What growth is priced into The Bank of New York Mellon Corporation (BNY)?
For today's price to be fair in a discounted-cash-flow model, The Bank of New York Mellon Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.5 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of BNY use?
Our models discount The Bank of New York Mellon Corporation at 9.4 %: a base by market capitalisation (large), damped by beta 1.05, country premium for USA. 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 The Bank of New York Mellon Corporation that is less than minus 40 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has The Bank of New York Mellon Corporation (BNY) delivered so far?
Over the past 5 years revenue at The Bank of New York Mellon Corporation grew +19.5 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 The Bank of New York Mellon Corporation (BNY) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into The Bank of New York Mellon Corporation (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of The Bank of New York Mellon Corporation (BNY)?
The free-cash-flow yield on the price is 5.04 %: that much free cash flow The Bank of New York Mellon Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of The Bank of New York Mellon Corporation (BNY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The Bank of New York Mellon Corporation it is $72.33 per share (as of Nov 1, 2026), against a price of $147.11. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is The Bank of New York Mellon Corporation stock overvalued or undervalued in 2026?
As of Nov 1, 2026, BNY trades above its calculated fair value: price $147.11, fair value $72.33, a gap of about −51% (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 BNY?
No. The price is what the market pays today ($147.11); the fair value is what the company's own numbers justify ($72.33). For The Bank of New York Mellon Corporation the two are $74.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is The Bank of New York Mellon Corporation worth?
The market values The Bank of New York Mellon Corporation at about $103B (market capitalisation, as of Nov 1, 2026). Per share that is $147.11; our models calculate a fair value of $72.33 per share.
What do the bullish and bearish scenarios say about BNY?
Our models span a range for The Bank of New York Mellon Corporation: cautious scenario $59.00, base $72.33, optimistic $98.34 per share (as of Nov 1, 2026, price $147.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BNY?
The Bank of New York Mellon Corporation trades at a price-to-earnings ratio of 16.3 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $72.33 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2018, FY2022 ex one-offs: 12.6. Other multiples: PEG 1.1, P/B 2.3, P/S 4.7.
What is the PEG ratio of BNY?
The PEG ratio of The Bank of New York Mellon Corporation is 1.14 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of The Bank of New York Mellon Corporation (BNY)?
Balance-sheet figures for The Bank of New York Mellon Corporation (as of Nov 1, 2026): return on equity 14.9%, debt of 0.73 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is BNY from its 52-week high?
The Bank of New York Mellon Corporation trades at $147.11, about 11% below its 52-week high of $164.84 and 40% above the low of $105.12 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of $72.33 is for.
Which stocks are comparable to The Bank of New York Mellon Corporation?
From the same area (Financial Services) we also value JPMorgan Chase & Co, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, Agricultural Bank of China Limited, 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 The Bank of New York Mellon Corporation stock attractive at the current price?
The data as of Nov 1, 2026: price $147.11, calculated fair value $72.33 (−51%), Quality Score 72/100, from 6 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 BNY calculated?
We run The Bank of New York Mellon Corporation through 6 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 $72.33, 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 15.2 % above its aggregate fair value. The Bank of New York Mellon Corporation 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 The Bank of New York Mellon Corporation (BNY)?
The closing price on Oct 30, 2026 was $147.11. Our model-based fair value is $72.33, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The Bank of New York Mellon Corporation right now?
The price sits above even our optimistic bull case ($98.34). The favourable scenario is already priced in. Solid but not exceptional quality (72/100) and above fair value, neither a clear bargain nor a standout compounder. 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 The Bank of New York Mellon Corporation (BNY) come from?
Earnings per share at The Bank of New York Mellon Corporation grew +8.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.8 %, EBIT margin −6.5 %, tax rate +0.5 %, residual (interest, one-offs) +0.1 %. 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 The Bank of New York Mellon Corporation
How large is the market capitalisation of The Bank of New York Mellon Corporation (BNY)?
The market capitalisation of The Bank of New York Mellon Corporation is $103B. 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 The Bank of New York Mellon Corporation (BNY)?
The price-to-sales ratio of The Bank of New York Mellon Corporation is 4.67 (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 The Bank of New York Mellon Corporation (BNY)?
Earnings per share at The Bank of New York Mellon Corporation are $9.03 (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of The Bank of New York Mellon Corporation (BNY)?
The dividend yield of The Bank of New York Mellon Corporation is 1.5% (payout 24.6%). 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 The Bank of New York Mellon Corporation (BNY)?
The net margin of The Bank of New York Mellon Corporation is 29.7% (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 The Bank of New York Mellon Corporation (BNY)?
The return on equity (ROE) of The Bank of New York Mellon Corporation is 14.9% (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 The Bank of New York Mellon Corporation (BNY)?
On an EBIT basis the return on assets of The Bank of New York Mellon Corporation is 1.2% (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 The Bank of New York Mellon Corporation (BNY)?
The operating margin of The Bank of New York Mellon Corporation is 39.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The Bank of New York Mellon Corporation (BNY)?
Revenue at The Bank of New York Mellon Corporation is growing +11.5% versus a year earlier (3y avg +26.9%). 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 The Bank of New York Mellon Corporation (BNY)?
Earnings per share at The Bank of New York Mellon Corporation are growing +24.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does The Bank of New York Mellon Corporation (BNY) hold?
The Bank of New York Mellon Corporation holds more cash than debt, $97.6B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 1, 2026