EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

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

We calculate from audited financials what Bajaj Finserv Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Financial Services · IN · ISIN INE918I01026

BF Some data Sep 18, 2026

Bajaj Finserv Limited

BAJAJFINSV · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹525.88 · Strongly overvalued (−72%)
!Quality 38/100
!Expensive Growth (revenue 5y +41.3 %/yr)
!Thin margins · 6.6% net margin (TTM)
!High debt · negative free cash flow
·0.08% dividend yield
!Trails peers (3/13)
!Moderate moat 62/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range ₹444.40 to ₹1,125
!Weak on future: 27 out of 100

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 ₹525.88 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range ₹1,090 – ₹2,174 · fair‑value band ₹444.40 – ₹1,125 · the ₹1,853 price screens above the ₹525.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.

Which stocks are undervalued right now? Check free Discover now →

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.

Show more

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. 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 ₹1,853, while our model-based Fair Value estimate is ₹525.88, implying the stock looks roughly 252.2% overvalued today.

Show more

Valuation

Bull case: the Earnings-Based group reads highest at a median of ₹2,146 per share, and 2 of the 9 models we run sit above the ₹1,853 price.

Bear case: the Dividend Discount group reads lowest at ₹198.81, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹444.40 (bear) to ₹1,125 (bull), the price of ₹1,853 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 ₹3.0T (≈ $31.0B) · P/E ratio 30.4 · P/S ratio 1.96 · EPS (TTM) ₹60.93 · Dividend yield 0.1% · Net margin 6.4% · Return on equity 14.6% · Return on assets (EBIT) 3.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −19% fair-value upside, at −72%, BAJAJFINSV screens richer than that median.

Fair Value models

Bear ₹444.40 Fair Value ₹525.88 Bull ₹1,125
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹28.35 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. Evidence Evidence = 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.
Highest evidence
Owner Earnings n/a ₹317.94 ₹3,408 71
Residual Income ₹465.15 ₹586.37 ₹1,596 65
DDM Multi-Stage ₹111.17 ₹198.81 ₹252.93 64
All 9 models by family
DCF Models
Owner Earnings n/a ₹317.94 ₹3,408 71
Earnings-Based
Graham-Dodd ₹416.87 ₹2,907 ₹4,080 61
Lynch FV ₹1,502 ₹2,146 ₹2,789 59
Dividend Discount
Gordon GGM ₹111.17 ₹242.70 ₹408.35 63
DDM Multi-Stage ₹111.17 ₹198.81 ₹252.93 64
Multiples
P/E Multiple ₹597.72 ₹796.96 ₹996.20 63
P/B Multiple ₹511.72 ₹682.29 ₹852.87 55
Asset-Based
NCAV (Graham) ₹243.68 ₹326.53 ₹487.35 54
Economic Profit
Residual Income ₹465.15 ₹586.37 ₹1,596 65

Open the full fair value analysis →

Notify me when BAJAJFINSV reaches fair value

Put BAJAJFINSV on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 38/100

Of which business quality 32 · Market factors (momentum, volatility) 54

Profitability 29
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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%
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% vs 18%, 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%

BAJAJFINSV screens 252% overvalued. Compare with ORIX Corporation →

Compare Bajaj Finserv Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupHow 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 · 57 stocks

Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −60% · Bottom 25%
Profitability
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Below median
Operating margin (TTM) 37% · Top 25%
Growth and dividend
Revenue growth 5% · Below median
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 4.62× · Highest 25%

Valuation Multiplesvs Financial Conglomerates median · lower = cheaper

P/E (TTM) 30.4× · Priciest 25%
P/B 3.93× · Priciest 25%
P/S (TTM) 2.05× · Pricier than median
EV/EBITDA 11.4× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 10
FUTURE (revenue growth)27 · sector 39
PAST (return on equity)58 · sector 30
HEALTH (low debt)0 · sector 84
DIVIDEND (yield)2 · sector 52

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

Similar stocks

10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $39.59 $62.23 +57%
China Galaxy Securities Co 601881 ¥11.95 ¥11.34 −5%
Guosen Securities Co 002736 ¥9.75 ¥10.84 +11%
CNPC Capital Company 000617 ¥6.81 ¥6.99 +3%
Aditya Birla Capital Limited ABCAPITAL ₹390.00 ₹119.98 −69%
Freedom Holding FRHC $164.71 $23.22 −86%
Voya Financial, Inc VOYA $99.58 $72.59 −27%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.34 ¥5.62 −23%
Bicecorp S.A BICE 421.55 CLP 261.70 CLP −38%
First Capital Securities Co 002797 ¥6.36 ¥5.18 −19%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

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). "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 Sep 18, 2026, our model estimates a fair value of ₹525.88 versus a price of ₹1,853, about −72% upside (overvalued).
What is the fair value of BAJAJFINSV?
Our model-based fair value for Bajaj Finserv Limited is ₹525.88 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹1,853.
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 ₹525.88 (as of Sep 18, 2026) from 9 valuation models. Cautious scenario ₹444.40, optimistic scenario ₹1,125. 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 ₹525.88, about −72% upside versus a price of ₹1,853 (overvalued). Cautious scenario ₹444.40, optimistic scenario ₹1,125. 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 ₹1.5T (latest available figure, as of Sep 18, 2026).
Does Bajaj Finserv Limited pay a dividend?
Bajaj Finserv Limited currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 18, 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 ₹525.88 per share (as of Sep 18, 2026), against a price of ₹1,853. 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 Sep 18, 2026, BAJAJFINSV trades above its calculated fair value: price ₹1,853, fair value ₹525.88, a gap of about −72% (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 (₹1,853); the fair value is what the company's own numbers justify (₹525.88). For Bajaj Finserv Limited the two are ₹1,327 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 ₹3.0T (market capitalisation, as of Sep 18, 2026). Per share that is ₹1,853; our models calculate a fair value of ₹525.88 per share.
What do the bullish and bearish scenarios say about BAJAJFINSV?
Our models span a range for Bajaj Finserv Limited: cautious scenario ₹444.40, base ₹525.88, optimistic ₹1,125 per share (as of Sep 18, 2026, price ₹1,853). 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 30.4 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹525.88 is built from several models across several years. Other multiples: P/B 3.9, P/S 2.1, EV/EBITDA 11.4.
How solid is the balance sheet of Bajaj Finserv Limited (BAJAJFINSV)?
Balance-sheet figures for Bajaj Finserv Limited (as of Sep 18, 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 ₹1,853, about 16% below its 52-week high of ₹2,195 and 16% above the low of ₹1,597 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹525.88 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 Sep 18, 2026: price ₹1,853, calculated fair value ₹525.88 (−72%), 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 ₹525.88, 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 16.1 % 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 Sep 18, 2026 was ₹1,853. Our model-based fair value is ₹525.88, about −72% upside (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 (₹1,125). 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 (₹444.40 to ₹1,125) 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 ₹3.0T (≈ $31.0B). 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 1.96 (P/E × margin). 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 ₹60.93 (price ÷ EPS = P/E 30.4). 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 2.5%). 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 6.4% (fiscal year 2026). 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 37.2% (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 +5.3% 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 +5.7% 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.
Free · no account needed

Watch Bajaj Finserv Limited in the live analysis

One click puts Bajaj Finserv Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.