Life Insurance Corporation Of India (LICI) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Life Insurance Corporation Of India stock ₹299, price ₹408, that is 26.8% below the price, quality 39 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 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
54‑month range ₹252.86 – ₹572.85 · fair‑value band ₹233.96 – ₹491.16 · the ₹408.00 price screens above the ₹298.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Life Insurance Corporation of India provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.
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It offers insurance plans, including endowment, whole life, term insurance plans, money back, and term assurance plans, as well as riders comprising accidental death and disability benefit, critical illness benefit, and premium waiver benefit riders.
The company also provides pension, unit linked, micro insurance, withdrawal, and health plans, as well as various group schemes. Life Insurance Corporation of India was incorporated in 1956 and is based in Mumbai, India.
Stock analysis
Life Insurance Corporation Of India (LICI) currently trades at ₹408.00, while our model-based Fair Value estimate is ₹298.84, 27% 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 ₹298.84 per share, and 1 of the 6 models we run sit above the ₹408.00 price.
Bear case: the Dividend Discount group reads lowest at ₹79.18, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹233.96 (bear) to ₹491.16 (bull), the price of ₹408.00 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 39/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Life Insurance Corporation Of India reported revenue of ₹9.8T in FY2026 versus ₹7.3T in FY2022, a compound +7.5%/yr. Reported net income was ₹575B in FY2026, compounding +93.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹5.2T (≈ $54.6B) Large · P/E ratio 8.6 · P/S ratio 0.52 · EPS (TTM) ₹47.50 · Dividend yield 2.5% · Net margin 6.5% · Return on equity 40.8% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −39% fair-value upside, at −27%, LICI screens cheaper than that median.
Fair Value models
Bear₹233.96Fair Value ₹298.84Bull₹491.16
Price ₹408.00 · Downside -26.8%
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 2026 figures (about 7 months old). Earnings retained since then (₹22.60 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.47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.7%
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.
+7.1%
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.
+7.3%
Start year 2021 (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.
+8.2%
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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.
+77.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+74.5%
Dividend (yield on the price)2.5%
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.0% → 6%
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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.Insurance - Life · 77 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−26.8% · Below median
Profitability
Return on equity (12 months)40.8% · Top 25%
Return on assets1.0% · Below median
Net margin (12 months)6.5% · Below median
Operating margin (12 months)6.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)6.8% · Below median
Dividend yield (12 months)2.5% · Below median
Valuation Multiplesvs Insurance - Life median · lower = cheaper
P/E (12 months)8.6× · Cheaper than median
P/B2.92× · Priciest 25%
P/S (12 months)0.52× · Cheapest 25%
EV/EBITDA6.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)34· sector 44
PAST (return on equity)100· sector 52
HEALTH (low debt)100· sector 87
DIVIDEND (yield)49· sector 55
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). "Life Insurance Corporation Of India Fair Value". https://www.fairvalue-calculator.com/stock/LICI
Frequently asked questions
Is Life Insurance Corporation Of India (LICI) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of ₹298.84 versus a price of ₹408.00, about 27% lower (overvalued).
What is the fair value of LICI?
Our model-based fair value for Life Insurance Corporation Of India is ₹298.84 (as of Nov 1, 2026), built from audited fundamentals. The current price: ₹408.00.
What is the quality score of LICI?
Life Insurance Corporation Of India has a Quality Score of 39/100. 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 Life Insurance Corporation Of India (LICI)?
Our model-based price target is the fair value of ₹298.84 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario ₹233.96, optimistic scenario ₹491.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Life Insurance Corporation Of India stock forecast for 2026?
Our models put fair value at ₹298.84, about 27% lower versus a price of ₹408.00 (overvalued). Cautious scenario ₹233.96, optimistic scenario ₹491.16. The calculation is refreshed regularly with new filings.
What is the revenue of Life Insurance Corporation Of India (LICI)?
Life Insurance Corporation Of India reported trailing-twelve-month revenue of about ₹10.0T (latest available figure, as of Nov 1, 2026).
Does Life Insurance Corporation Of India pay a dividend?
Life Insurance Corporation Of India currently shows a dividend yield of 2.45% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Life Insurance Corporation Of India (LICI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Life Insurance Corporation Of India it is ₹298.84 per share (as of Nov 1, 2026), against a price of ₹408.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Life Insurance Corporation Of India stock overvalued or undervalued in 2026?
As of Nov 1, 2026, LICI trades above its calculated fair value: price ₹408.00, fair value ₹298.84, a gap of about −27% (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 LICI?
No. The price is what the market pays today (₹408.00); the fair value is what the company's own numbers justify (₹298.84). For Life Insurance Corporation Of India the two are ₹109.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Life Insurance Corporation Of India worth?
The market values Life Insurance Corporation Of India at about ₹5.2T (market capitalisation, as of Nov 1, 2026). Per share that is ₹408.00; our models calculate a fair value of ₹298.84 per share.
What do the bullish and bearish scenarios say about LICI?
Our models span a range for Life Insurance Corporation Of India: cautious scenario ₹233.96, base ₹298.84, optimistic ₹491.16 per share (as of Nov 1, 2026, price ₹408.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LICI?
Life Insurance Corporation Of India trades at a price-to-earnings ratio of 8.6 (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 ₹298.84 is built from several models across several years. Other multiples: P/B 2.9, P/S 0.5, EV/EBITDA 6.6.
How solid is the balance sheet of Life Insurance Corporation Of India (LICI)?
Balance-sheet figures for Life Insurance Corporation Of India (as of Nov 1, 2026): return on equity 40.8%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is LICI from its 52-week high?
Life Insurance Corporation Of India trades at ₹408.00, about 10% below its 52-week high of ₹451.49 and 15% above the low of ₹354.51 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹298.84 is for.
Which stocks are comparable to Life Insurance Corporation Of India?
From the same area (Financial Services) we also value Ping An Insurance (Group) Company, China Life Insurance Company, AIA Group, Manulife Financial Corporation, 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 Life Insurance Corporation Of India stock attractive at the current price?
The data as of Nov 1, 2026: price ₹408.00, calculated fair value ₹298.84 (−27%), Quality Score 39/100, 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 LICI calculated?
We run Life Insurance Corporation Of India 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 ₹298.84, 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 15.5% above its aggregate fair value. Life Insurance Corporation Of India 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 Life Insurance Corporation Of India (LICI)?
The closing price on Nov 5, 2026 was ₹408.00. Our model-based fair value is ₹298.84, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Life Insurance Corporation Of India right now?
Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹233.96 to ₹491.16) 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.
Key figures of Life Insurance Corporation Of India
How large is the market capitalisation of Life Insurance Corporation Of India (LICI)?
The market capitalisation of Life Insurance Corporation Of India is ₹5.2T (≈ $54.6B). 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 Life Insurance Corporation Of India (LICI)?
The price-to-sales ratio of Life Insurance Corporation Of India is 0.52 (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 Life Insurance Corporation Of India (LICI)?
Earnings per share at Life Insurance Corporation Of India are ₹47.50 (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Life Insurance Corporation Of India (LICI)?
The dividend yield of Life Insurance Corporation Of India is 2.5% (payout 21.1%). 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 Life Insurance Corporation Of India (LICI)?
The net margin of Life Insurance Corporation Of India is 6.5% (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 Life Insurance Corporation Of India (LICI)?
The return on equity (ROE) of Life Insurance Corporation Of India is 40.8% (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 Life Insurance Corporation Of India (LICI)?
On an EBIT basis the return on assets of Life Insurance Corporation Of India is 0.8% (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 Life Insurance Corporation Of India (LICI)?
The operating margin of Life Insurance Corporation Of India is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Life Insurance Corporation Of India (LICI)?
Revenue at Life Insurance Corporation Of India is growing +6.8% versus a year earlier (3y avg +7.1%). 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 Life Insurance Corporation Of India (LICI)?
Earnings per share at Life Insurance Corporation Of India are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Life Insurance Corporation Of India (LICI) generate?
The free cash flow of Life Insurance Corporation Of India is −₹273B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Life Insurance Corporation Of India (LICI) hold?
Life Insurance Corporation Of India holds more cash than debt, ₹720B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 1, 2026