Paymentus Holdings, Inc. (PAY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Paymentus Holdings, Inc. stock $16.89, price $33.47, that is 49.5% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 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 4, 2026.
How to read this chart
60‑month range $7.00 – $44.60 · fair‑value band $11.63 – $24.65 · the $33.47 price screens above the $16.89 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 4, 2026.
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Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions in the United States and internationally.
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The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service, secure, and omni channel technology platform.
Its platform's payment processing includes credit cards, debit cards, echecks, and digital wallets.
The company serves utility, financial services, insurance, telecommunication, real estate management, education, consumer finance, healthcare, and business to business industries, as well as governments and small businesses.
Paymentus Holdings, Inc. was founded in 2004 and is headquartered in Charlotte, North Carolina.
Stock analysis
Paymentus Holdings, Inc. (PAY) currently trades at $33.47, while our model-based Fair Value estimate is $16.89, 50% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $20.34 per share, and 0 of the 11 models we run sit above the $33.47 price.
Bear case: the Asset-Based group reads lowest at $2.59, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $11.63 (bear) to $24.65 (bull), the price of $33.47 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 Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Paymentus Holdings, Inc. reported revenue of $1.2B in FY2025 versus $396M in FY2021, a compound +31.9%/yr. Reported net income was $66.9M in FY2025, compounding +63.8%/yr from FY2021.
Key figures
Market cap $4.3B Mid · P/E ratio 42.5 · P/S ratio 3.17 · EPS (TTM) $0.7300 · Net margin 6.2% · Return on equity 15.0% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 66% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −50%, PAY screens richer than that median.
Fair Value models
Bear$11.63Fair Value $16.89Bull$24.65
Price $33.47 · Downside -49.5%
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 ($0.6260 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.
In the last 6 months, 2 officers or directors sold shares worth $7.1M and none bought.
SaleSanjay KalraSVP and CFO27,909 shares at $41.11$1.1MAug 5, 202610b5-1 plan
SaleGary TrainorDirector2× since Jul 28, 2026: 160,000 shares, avg. $37.46$6.0MAug 4, 202610b5-1 plan
Plus 22 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.
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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+37.3%
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.
+34.0%
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.
+31.7%
Start year 2020 (pandemic). Over 10 years: −5.0% a year
Revenue growth 24 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.
+5.3%
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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.
+50.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.3%
Dividend (yield on the price)0.0%
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.34.7% vs −2.7%, picking up
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.6% → 6%
2025 sits 97% 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)
⚠ Revenue per share shrinking 7.8%/yr over ~11Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+15.9%
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.
+15.4%
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 +13.2% a year for the price and +12.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 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: The platform's strength lies in high-volume transaction handling and Guidewire Premier status that extends billing and AI tools into insurance, yet limited moat evidence and modest margins point to a competitive rather than advantaged position.
Main risk: Competition may erode margins across the core biller base before insurance integrations can expand reach and offset the pressure on the established payment platform.
Paymentus just reached Premier status in Guidewire's partner program, extending its billing, payments and AI tools deeper into insurance. The platform already handles hundreds of millions of transactions yearly across utilities and other sectors with solid revenue growth. Our models see the stock as overvalued. Will the new insurance integrations expand its reach faster than competition erodes margins, or will the core biller base limit upside?
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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.Software - Infrastructure · 345 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−49.5% · Below median
Profitability
Return on equity (12 months)15.0% · Above median
Return on assets10.0% · Top 25%
Net margin (12 months)6.2% · Above median
Operating margin (12 months)9.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)28.8% · Top 25%
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (12 months)42.5× · Pricier than median
P/B7.71× · Priciest 25%
P/S (12 months)3.17× · Pricier than median
Price / free cash flow (fiscal year)26.7× · Pricier than median
EV/EBITDA36.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)100· sector 60
PAST (return on equity)60· sector 23
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 31
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). "Paymentus Holdings, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/PAY
Frequently asked questions
Is Paymentus Holdings, Inc. (PAY) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $16.89 versus a price of $33.47, about 50% lower (overvalued).
What is the fair value of PAY?
Our model-based fair value for Paymentus Holdings, Inc. is $16.89 (as of Nov 4, 2026), built from audited fundamentals. The current price: $33.47.
What is the quality score of PAY?
Paymentus Holdings, Inc. 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 Paymentus Holdings, Inc. (PAY)?
Our model-based price target is the fair value of $16.89 (as of Nov 4, 2026) from 11 valuation models. Cautious scenario $11.63, optimistic scenario $24.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Paymentus Holdings, Inc. stock forecast for 2026?
Our models put fair value at $16.89, about 50% lower versus a price of $33.47 (overvalued). Cautious scenario $11.63, optimistic scenario $24.65. The calculation is refreshed regularly with new filings.
What is the revenue of Paymentus Holdings, Inc. (PAY)?
Paymentus Holdings, Inc. reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Nov 4, 2026).
What growth is priced into Paymentus Holdings, Inc. (PAY)?
For today's price to be fair in a discounted-cash-flow model, Paymentus Holdings, Inc. would have to grow free cash flow by +15.9 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of PAY use?
Our models discount Paymentus Holdings, Inc. at 10.7 %: a base by market capitalisation (mid), damped by beta 1.38, 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 Paymentus Holdings, Inc. that is +15.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Paymentus Holdings, Inc. (PAY) delivered so far?
Over the past 5 years revenue at Paymentus Holdings, Inc. grew +31.7 % a year. The price currently implies free-cash-flow growth of +15.9 % 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 Paymentus Holdings, Inc. (PAY) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Paymentus Holdings, Inc. (+15.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Paymentus Holdings, Inc. (PAY)?
The free-cash-flow yield on the price is 3.75 %: that much free cash flow Paymentus Holdings, Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Paymentus Holdings, Inc. (PAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Paymentus Holdings, Inc. it is $16.89 per share (as of Nov 4, 2026), against a price of $33.47. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Paymentus Holdings, Inc. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PAY trades above its calculated fair value: price $33.47, fair value $16.89, a gap of about −50% (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 PAY?
No. The price is what the market pays today ($33.47); the fair value is what the company's own numbers justify ($16.89). For Paymentus Holdings, Inc. the two are $16.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Paymentus Holdings, Inc. worth?
The market values Paymentus Holdings, Inc. at about $4.3B (market capitalisation, as of Nov 4, 2026). Per share that is $33.47; our models calculate a fair value of $16.89 per share.
What do the bullish and bearish scenarios say about PAY?
Our models span a range for Paymentus Holdings, Inc.: cautious scenario $11.63, base $16.89, optimistic $24.65 per share (as of Nov 4, 2026, price $33.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PAY?
Paymentus Holdings, Inc. trades at a price-to-earnings ratio of 42.5 (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 $16.89 is built from several models across several years. Other multiples: P/B 7.7, P/S 3.2, EV/EBITDA 36.9.
How solid is the balance sheet of Paymentus Holdings, Inc. (PAY)?
Balance-sheet figures for Paymentus Holdings, Inc. (as of Nov 4, 2026): return on equity 15.0%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is PAY from its 52-week high?
Paymentus Holdings, Inc. trades at $33.47, about 25% below its 52-week high of $44.60 and 66% above the low of $20.21 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $16.89 is for.
Which stocks are comparable to Paymentus Holdings, Inc.?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Paymentus Holdings, Inc. stock attractive at the current price?
The data as of Nov 4, 2026: price $33.47, calculated fair value $16.89 (−50%), Quality Score 72/100, from 11 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 PAY calculated?
We run Paymentus Holdings, Inc. through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $16.89 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 13.3% above its aggregate fair value. Paymentus Holdings, Inc. 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 Paymentus Holdings, Inc. (PAY)?
The closing price on Nov 6, 2026 was $33.47. Our model-based fair value is $16.89, about 50% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Paymentus Holdings, Inc. right now?
The price sits above even our optimistic bull case ($24.65). 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. A fairly wide model range ($11.63 to $24.65) leaves room in how you read the outcome.
Key figures of Paymentus Holdings, Inc.
How large is the market capitalisation of Paymentus Holdings, Inc. (PAY)?
The market capitalisation of Paymentus Holdings, Inc. is $4.3B. 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 Paymentus Holdings, Inc. (PAY)?
The price-to-sales ratio of Paymentus Holdings, Inc. is 3.17 (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 Paymentus Holdings, Inc. (PAY)?
Earnings per share at Paymentus Holdings, Inc. are $0.7300 (price ÷ EPS = P/E 42.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Paymentus Holdings, Inc. (PAY)?
The net margin of Paymentus Holdings, Inc. is 6.2% (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 Paymentus Holdings, Inc. (PAY)?
The return on equity (ROE) of Paymentus Holdings, Inc. is 15.0% (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 Paymentus Holdings, Inc. (PAY)?
On an EBIT basis the return on assets of Paymentus Holdings, Inc. is 4.8% (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 Paymentus Holdings, Inc. (PAY)?
The operating margin of Paymentus Holdings, Inc. is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Paymentus Holdings, Inc. (PAY)?
Revenue at Paymentus Holdings, Inc. is growing +28.8% versus a year earlier (3y avg +34.0%). 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 Paymentus Holdings, Inc. (PAY)?
Earnings per share at Paymentus Holdings, Inc. are growing +81.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Paymentus Holdings, Inc. (PAY) hold?
Paymentus Holdings, Inc. holds more cash than debt, $313M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 4, 2026