BB Seguridade Participacoes SA (BBSE3) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of BB Seguridade Participacoes SA stock BRL 33.94, price BRL 39.77, that is 14.7% below the price, quality 73 out of 100. Rating: overvalued. Calculated from audited financials with 6 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 9, 2026.
How to read this chart
60‑month range R$11.31 – R$43.68 · fair‑value band R$25.46 – R$42.42 · the R$39.77 price screens above the R$33.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow BB Seguridade Participacoes in your weekly email
Every Wednesday you see whether BB Seguridade Participacoes is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
BB Seguridade Participações S.A., through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through two segments, Insurance and Brokerage.
Show moreShow less
The Insurance segment offers insurance products and services, including life, property and vehicle insurance, property insurance, rural, special risks and financial, transport, hulls, and housing people, as well as supplementary pension, dental, and capitalization plans.
Its Brokerage segment engages in the brokerage and administration, implementation, promotion, and viability of insurance businesses in the basic, life, and capitalization sectors, as well as open pension plans and dental plans. The company was founded in 1981 and is headquartered in Brasília, Brazil.
BB Seguridade Participações S.A. operates as a subsidiary of Banco do Brasil S.A.
Stock analysis
BB Seguridade Participacoes SA (BBSE3) currently trades at R$39.77, while our model-based Fair Value estimate is R$33.94, 15% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of R$64.08 per share, and 3 of the 6 models we run sit above the R$39.77 price.
Bear case: the Asset-Based group reads lowest at R$3.58, and 3 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$25.46 (bear) to R$42.42 (bull), the price of R$39.77 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BB Seguridade Participacoes SA reported revenue of R$6.0B in FY2025 versus R$5.3B in FY2021, a compound +2.8%/yr. Reported net income was R$9.0B in FY2025, compounding +23.1%/yr from FY2021.
Key figures
Market cap R$79.5B (≈ $14.3B) Large · P/E ratio 8.4 · P/S ratio 7.64 · EPS (TTM) R$4.74 · Dividend yield 11.5% · Net margin 88.2% · Return on equity 69.8% · Return on assets (EBIT) 44.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −15%, BBSE3 screens cheaper than that median.
Fair Value models
BearR$25.46Fair Value R$33.94BullR$42.42
Price R$39.77 · Downside -14.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (R$0.1458 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+24.1%
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.
+13.6%
Revenue growth 14 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.
+6.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in BRL ⓘ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 BRL: 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.
+30.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.7%
Dividend (yield on the price)11.5%
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.18.7% vs 8.7%, 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.94% → 184%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than 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).
+11.1%
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.
+21.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about +7.6% a year for the price and +17.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (64 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.
Compare BB Seguridade Participacoes SA with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Insurance - Diversified · 74 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−14.7% · Above median
Profitability
Return on equity (12 months)69.8% · Top 25%
Return on assets39.0% · Top 25%
Net margin (12 months)88.2% · Top 25%
Operating margin (12 months)96.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.4% · Below median
Dividend yield (12 months)11.5% · Top 25%
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
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). "BB Seguridade Participacoes SA Fair Value". https://www.fairvalue-calculator.com/stock/BBSE3
Frequently asked questions
Is BB Seguridade Participacoes SA (BBSE3) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of R$33.94 versus a price of R$39.77, about 15% lower (overvalued).
What is the fair value of BBSE3?
Our model-based fair value for BB Seguridade Participacoes SA is R$33.94 (as of Nov 9, 2026), built from audited fundamentals. The current price: R$39.77.
What is the quality score of BBSE3?
BB Seguridade Participacoes SA has a Quality Score of 73/100. 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 BB Seguridade Participacoes SA (BBSE3)?
Our model-based price target is the fair value of R$33.94 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario R$25.46, optimistic scenario R$42.42. It is a calculation from audited fundamentals, not an analyst target.
What is the BB Seguridade Participacoes SA stock forecast for 2026?
Our models put fair value at R$33.94, about 15% lower versus a price of R$39.77 (overvalued). Cautious scenario R$25.46, optimistic scenario R$42.42. The calculation is refreshed regularly with new filings.
What is the revenue of BB Seguridade Participacoes SA (BBSE3)?
BB Seguridade Participacoes SA reported trailing-twelve-month revenue of about R$10.4B (latest available figure, as of Nov 9, 2026).
Does BB Seguridade Participacoes SA pay a dividend?
BB Seguridade Participacoes SA currently shows a dividend yield of 11.49% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of BB Seguridade Participacoes SA (BBSE3) and when is the ex-dividend date?
BB Seguridade Participacoes SA pays a dividend of R$4.57 per share a year, a dividend yield of 11.5%. The last ex-dividend date was Aug 7, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 96.4% of earnings. Free cash flow covers the dividend 0.42 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into BB Seguridade Participacoes SA (BBSE3)?
For today's price to be fair in a discounted-cash-flow model, BB Seguridade Participacoes SA would have to grow free cash flow by +11.1 % 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 +3.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of BBSE3 use?
Our models discount BB Seguridade Participacoes SA at 10.7 %: a base by market capitalisation (large), damped by beta 0.04, country premium for Brazil. 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 BB Seguridade Participacoes SA that is +11.1 % 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 BB Seguridade Participacoes SA (BBSE3) delivered so far?
Over the past 5 years revenue at BB Seguridade Participacoes SA grew +3.0 % a year. The price currently implies free-cash-flow growth of +11.1 % 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 BB Seguridade Participacoes SA (BBSE3) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into BB Seguridade Participacoes SA (+11.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BB Seguridade Participacoes SA (BBSE3)?
The free-cash-flow yield on the price is 4.67 %: that much free cash flow BB Seguridade Participacoes SA 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 BB Seguridade Participacoes SA (BBSE3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BB Seguridade Participacoes SA it is R$33.94 per share (as of Nov 9, 2026), against a price of R$39.77. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is BB Seguridade Participacoes SA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, BBSE3 trades above its calculated fair value: price R$39.77, fair value R$33.94, a gap of about −15% (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 BBSE3?
No. The price is what the market pays today (R$39.77); the fair value is what the company's own numbers justify (R$33.94). For BB Seguridade Participacoes SA the two are R$5.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is BB Seguridade Participacoes SA worth?
The market values BB Seguridade Participacoes SA at about R$79.5B (market capitalisation, as of Nov 9, 2026). Per share that is R$39.77; our models calculate a fair value of R$33.94 per share.
What do the bullish and bearish scenarios say about BBSE3?
Our models span a range for BB Seguridade Participacoes SA: cautious scenario R$25.46, base R$33.94, optimistic R$42.42 per share (as of Nov 9, 2026, price R$39.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBSE3?
BB Seguridade Participacoes SA trades at a price-to-earnings ratio of 8.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$33.94 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 11.1. Other multiples: PEG 2.4, P/B 7.7, P/S 7.6, EV/EBITDA 7.1.
What is the PEG ratio of BBSE3?
The PEG ratio of BB Seguridade Participacoes SA is 2.38 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of BB Seguridade Participacoes SA (BBSE3)?
Balance-sheet figures for BB Seguridade Participacoes SA (as of Nov 9, 2026): return on equity 69.8%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is BBSE3 from its 52-week high?
BB Seguridade Participacoes SA trades at R$39.77, about 9% below its 52-week high of R$43.68 and 35% above the low of R$29.57 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of R$33.94 is for.
Which stocks are comparable to BB Seguridade Participacoes SA?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 BB Seguridade Participacoes SA stock attractive at the current price?
The data as of Nov 9, 2026: price R$39.77, calculated fair value R$33.94 (−15%), Quality Score 73/100, 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 BBSE3 calculated?
We run BB Seguridade Participacoes SA through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of R$33.94 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. BB Seguridade Participacoes SA 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 BB Seguridade Participacoes SA (BBSE3)?
The closing price on Nov 10, 2026 was R$39.77. Our model-based fair value is R$33.94, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BB Seguridade Participacoes SA right now?
Solid but not exceptional quality (73/100) 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 BB Seguridade Participacoes SA (BBSE3) come from?
Earnings per share at BB Seguridade Participacoes SA grew +9.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.4 %, EBIT margin −3.9 %, tax rate −0.1 %, residual (interest, one-offs) +0.4 %. 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 BB Seguridade Participacoes SA
How large is the market capitalisation of BB Seguridade Participacoes SA (BBSE3)?
The market capitalisation of BB Seguridade Participacoes SA is R$79.5B (≈ $14.3B). 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 BB Seguridade Participacoes SA (BBSE3)?
The price-to-sales ratio of BB Seguridade Participacoes SA is 7.64 (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 BB Seguridade Participacoes SA (BBSE3)?
Earnings per share at BB Seguridade Participacoes SA are R$4.74 (price ÷ EPS = P/E 8.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BB Seguridade Participacoes SA (BBSE3)?
The dividend yield of BB Seguridade Participacoes SA is 11.5% (payout 96.4%). 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 BB Seguridade Participacoes SA (BBSE3)?
The net margin of BB Seguridade Participacoes SA is 88.2% (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 BB Seguridade Participacoes SA (BBSE3)?
The return on equity (ROE) of BB Seguridade Participacoes SA is 69.8% (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 BB Seguridade Participacoes SA (BBSE3)?
On an EBIT basis the return on assets of BB Seguridade Participacoes SA is 44.8% (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 BB Seguridade Participacoes SA (BBSE3)?
The operating margin of BB Seguridade Participacoes SA is 96.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BB Seguridade Participacoes SA (BBSE3)?
Revenue at BB Seguridade Participacoes SA is growing −1.4% versus a year earlier (3y avg −8.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does BB Seguridade Participacoes SA (BBSE3) hold?
BB Seguridade Participacoes SA holds more cash than debt, R$9.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch BB Seguridade Participacoes SA in the live analysis
One click puts BB Seguridade Participacoes SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 9, 2026