Bill Com Holdings Inc (BILL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bill Com Holdings Inc $46.32, price $45.92, upside +0.9%, quality 61 out of 100. 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $31.96 – $342.26 · the $45.92 price screens below the $46.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide.
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BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. It provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. The company also offers onboarding implementation support, and ongoing support and training services. In addition, the company's artificial intelligence enabled financial software platform provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software provider companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
Stock analysis
Bill Com Holdings Inc (BILL) currently trades at $45.92, while our model-based Fair Value estimate is $46.32, implying the stock looks roughly 0.9% fairly valued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $68.10 per share, and 5 of the 20 models we run sit above the $45.92 price.
Bear case: the Earnings-Based group reads lowest at $8.36, and 15 of the 20 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bill Com Holdings Inc reported revenue of $1.5B in FY2025 versus $238M in FY2021, a compound +57.4%/yr. Reported net income was $23.8M in FY2025.
Key figures
Market cap $4.8B · P/S ratio 2.78 · Net margin 1.6% · Return on assets (EBIT) −2.2% · Operating margin 1.1% · Revenue (TTM) $1.6B · Revenue growth (YoY) +13.5% · Free cash flow $310M.
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 18% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 1%, BILL screens cheaper than that median.
Fair Value models
Bear $46.32Fair Value $46.32Bull $46.32
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.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.
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 growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.4%
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.
+31.6%
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.
+56.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+56.1%
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Profit margin (trend) ⓘ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.
−21.7% (2020) → −5.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
+3.3%
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.
+10.9%
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 +0.9% a year for the price and +8.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 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.
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.Software - Application · 710 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+1% · Above median
Profitability
Return on assets0% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth14% · Above median
Balance sheet
Debt / equity0.38× · Highest 25%
Valuation Multiplesvs Software - Application 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). "Bill Com Holdings Inc Fair Value". https://www.fairvalue-calculator.com/stock/BILL
Frequently asked questions
Is Bill Com Holdings Inc (BILL) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $46.32 versus a price of $45.92, about +1% upside (fairly valued).
What is the fair value of BILL?
Our model-based fair value for Bill Com Holdings Inc is $46.32 (as of Sep 23, 2026), built from audited fundamentals. The current price: $45.92.
What is the quality score of BILL?
Bill Com Holdings Inc has a Quality Score of 61/100. 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 Bill Com Holdings Inc (BILL)?
Our model-based price target is the fair value of $46.32 (as of Sep 23, 2026) from 20 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Bill Com Holdings Inc stock forecast for 2026?
Our models put fair value at $46.32, about +1% upside versus a price of $45.92 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of Bill Com Holdings Inc (BILL)?
Bill Com Holdings Inc reported trailing-twelve-month revenue of about $1.6B (latest available figure, as of Sep 23, 2026).
What growth is priced into Bill Com Holdings Inc (BILL)?
For today's price to be fair in a discounted-cash-flow model, Bill Com Holdings Inc would have to grow free cash flow by +3.3 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +56.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of BILL use?
Our models discount Bill Com Holdings Inc at 10.2 %: a base by market capitalisation (mid), damped by beta 1.18, 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 Bill Com Holdings Inc that is +3.3 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Bill Com Holdings Inc (BILL) delivered so far?
Over the past 5 years revenue at Bill Com Holdings Inc grew +56.1 % a year. The price currently implies +3.3 % 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 Bill Com Holdings Inc (BILL) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Bill Com Holdings Inc (+3.3 % 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 Bill Com Holdings Inc (BILL)?
The free-cash-flow yield on the price is 6.49 %: that much free cash flow Bill Com Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bill Com Holdings Inc (BILL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bill Com Holdings Inc it is $46.32 per share (as of Sep 23, 2026), against a price of $45.92. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Bill Com Holdings Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BILL trades below its calculated fair value: price $45.92, fair value $46.32, a gap of about +1% (fairly valued). 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 BILL?
No. The price is what the market pays today ($45.92); the fair value is what the company's own numbers justify ($46.32). For Bill Com Holdings Inc the two are $0.4000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bill Com Holdings Inc worth?
The market values Bill Com Holdings Inc at about $4.8B (market capitalisation, as of Sep 23, 2026). Per share that is $45.92; our models calculate a fair value of $46.32 per share.
What is the PEG ratio of BILL?
The PEG ratio of Bill Com Holdings Inc is 0.41 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Bill Com Holdings Inc (BILL)?
Balance-sheet figures for Bill Com Holdings Inc (as of Sep 23, 2026): debt of 0.38 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is BILL from its 52-week high?
Bill Com Holdings Inc trades at $45.92, about 18% below its 52-week high of $56.31 and 44% above the low of $31.96 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $46.32 is for.
Which stocks are comparable to Bill Com Holdings Inc?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Bill Com Holdings Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $45.92, calculated fair value $46.32 (+1%), Quality Score 61/100, from 20 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 BILL calculated?
We run Bill Com Holdings Inc through 20 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 $46.32, 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 14.1 % above its aggregate fair value. Bill Com Holdings Inc currently trades 1 % below its own fair value, and the market average says nothing about that. 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 Bill Com Holdings Inc (BILL)?
The closing price on Sep 23, 2026 was $45.92. Our model-based fair value is $46.32, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bill Com Holdings Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Bill Com Holdings Inc
How large is the market capitalisation of Bill Com Holdings Inc (BILL)?
The market capitalisation of Bill Com Holdings Inc is $4.8B. 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 Bill Com Holdings Inc (BILL)?
The price-to-sales ratio of Bill Com Holdings Inc is 2.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Bill Com Holdings Inc (BILL)?
The net margin of Bill Com Holdings Inc is 1.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Bill Com Holdings Inc (BILL)?
On an EBIT basis the return on assets of Bill Com Holdings Inc is −2.2% (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 Bill Com Holdings Inc (BILL)?
The operating margin of Bill Com Holdings Inc is 1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bill Com Holdings Inc (BILL)?
Revenue at Bill Com Holdings Inc is growing +13.5% versus a year earlier (3y avg +31.6%). 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 debt does Bill Com Holdings Inc (BILL) carry?
The net debt of Bill Com Holdings Inc is $633M (fiscal year 2025, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026