Lloyds Banking Group (LYGN) fair value: what the stock is really worth
As of Jul 14, 2026: fair value of Lloyds Banking Group MXN 69.91, price MXN 93.00, upside -24.8%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments.
Show more
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance, and leasing solutions to personal customers. Its Commercial Banking segment provides lending, transactional banking, working capital management, debt financing, and risk management services to small and medium businesses, corporates, and institutions. The Insurance, Pensions and Investments segment offers insurance, investment, and pension management products and services. It also provides life assurance; and digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, MBNA, Schroders Personal Wealth, Black Horse, Lex Autolease, Birmingham Midshires, LDC, AMC, Embark Group, Lloyds Living, Cavendish Online, Tusker, and HGP brands. The company was formerly known as Lloyds TSB Group plc and changed its name to Lloyds Banking Group plc in January 2009. Lloyds Banking Group plc was founded in 1695 and is headquartered in London, the United Kingdom.
Stock analysis
Lloyds Banking Group (LYGN) currently trades at 93.00 MXN, while our model-based Fair Value estimate is 69.91 MXN, 24.8% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 100.24 MXN per share, and 2 of the 6 models we run sit above the 93.00 MXN price.
Bear case: the Dividend Discount group reads lowest at 42.95 MXN, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 64.78 MXN (bear) to 78.39 MXN (bull), the price of 93.00 MXN 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 47/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Lloyds Banking Group reported revenue of £20.0B in FY2025 versus £37.4B in FY2021, a compound −14.5%/yr. Reported net income was £4.7B in FY2025, compounding −5.3%/yr from FY2021.
Key figures
Market cap 1.4T MXN (≈ $74.5B) · P/E ratio 13.2 · P/S ratio 3.08 · EPS (TTM) 7.03 MXN · Dividend yield 0.0% · Net margin 23.3% · Return on equity 10.8% · Return on assets (EBIT) 3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −25%, LYGN screens cheaper than that median.
Fair Value models
Bear 64.78 MXNFair Value 69.91 MXNBull 78.39 MXN
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 2025 figures (about 9 months old). Earnings retained since then (5.29 MXN 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.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.19/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.7%
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.
+3.2%
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 2020 (pandemic). Over 10 years: +0.1% a year
Revenue growth 12 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.
+1.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘ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.
+13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)0.0%
Profit margin 2014 to 2019 ⓘ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.10% → 11%
News mood ⓘNews mood, the average tone of recent news (99 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.Very negative
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). "Lloyds Banking Group Fair Value". https://www.fairvalue-calculator.com/stock/LYGN
Frequently asked questions
Is Lloyds Banking Group (LYGN) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 69.91 MXN versus the last price from Jul 14, 2026 of 93.00 MXN, about −25% upside (overvalued).
What is the fair value of LYGN?
Our model-based fair value for Lloyds Banking Group is 69.91 MXN (as of Sep 29, 2026), built from audited fundamentals. Last price (from Jul 14, 2026): 93.00 MXN.
What is the quality score of LYGN?
Lloyds Banking Group has a Quality Score of 47/100. 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 Lloyds Banking Group (LYGN)?
Our model-based price target is the fair value of 69.91 MXN (as of Sep 29, 2026) from 6 valuation models. Cautious scenario 64.78 MXN, optimistic scenario 78.39 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Lloyds Banking Group stock forecast for 2026?
Our models put fair value at 69.91 MXN, about −25% upside versus the last price from Jul 14, 2026 of 93.00 MXN (overvalued). Cautious scenario 64.78 MXN, optimistic scenario 78.39 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Lloyds Banking Group (LYGN)?
Lloyds Banking Group reported trailing-twelve-month revenue of about £19.1B (latest available figure, as of Sep 29, 2026).
Does Lloyds Banking Group pay a dividend?
Lloyds Banking Group currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Lloyds Banking Group (LYGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lloyds Banking Group it is 69.91 MXN per share (as of Sep 29, 2026), against a price of 93.00 MXN. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Lloyds Banking Group stock overvalued or undervalued in 2026?
As of Sep 29, 2026, LYGN trades above its calculated fair value: price 93.00 MXN, fair value 69.91 MXN, a gap of about −25% (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 LYGN?
No. The price is what the market pays today (93.00 MXN); the fair value is what the company's own numbers justify (69.91 MXN). For Lloyds Banking Group the two are 23.09 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Lloyds Banking Group worth?
The market values Lloyds Banking Group at about 1.4T MXN (market capitalisation, as of Sep 29, 2026). Per share that is 93.00 MXN; our models calculate a fair value of 69.91 MXN per share.
What do the bullish and bearish scenarios say about LYGN?
Our models span a range for Lloyds Banking Group: cautious scenario 64.78 MXN, base 69.91 MXN, optimistic 78.39 MXN per share (as of Sep 29, 2026, price 93.00 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is LYGN from its 52-week high?
Lloyds Banking Group trades at 93.00 MXN, about 1% below its 52-week high of 94.00 MXN and 21% above the low of 76.85 MXN (as of Jul 14, 2026). Distance from the high says nothing about value: that is what the fair value of 69.91 MXN is for.
Which stocks are comparable to Lloyds Banking Group?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, 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 Lloyds Banking Group stock attractive at the current price?
The data as of Sep 29, 2026: price 93.00 MXN, calculated fair value 69.91 MXN (−25%), Quality Score 47/100, 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 LYGN calculated?
We run Lloyds Banking Group 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 69.91 MXN, 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 14.5 % above its aggregate fair value. Lloyds Banking Group 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 Lloyds Banking Group (LYGN)?
The latest price we hold is from Jul 14, 2026 and stands at 93.00 MXN. Our model-based fair value is 69.91 MXN, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lloyds Banking Group right now?
The price sits above even our optimistic bull case (78.39 MXN). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) 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.
Key figures of Lloyds Banking Group
How large is the market capitalisation of Lloyds Banking Group (LYGN)?
The market capitalisation of Lloyds Banking Group is 1.4T MXN (≈ $74.5B). 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/E ratio of Lloyds Banking Group (LYGN)?
The price-to-earnings ratio of Lloyds Banking Group is 13.2. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Lloyds Banking Group (LYGN)?
The price-to-sales ratio of Lloyds Banking Group is 3.08 (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 Lloyds Banking Group (LYGN)?
Earnings per share at Lloyds Banking Group are 7.03 MXN (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lloyds Banking Group (LYGN)?
The dividend yield of Lloyds Banking Group is 0.0% (payout 0.5%). 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 Lloyds Banking Group (LYGN)?
The net margin of Lloyds Banking Group is 23.3% (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 return on equity of Lloyds Banking Group (LYGN)?
The return on equity (ROE) of Lloyds Banking Group is 10.8% (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 Lloyds Banking Group (LYGN)?
On an EBIT basis the return on assets of Lloyds Banking Group is 3.4% (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 Lloyds Banking Group (LYGN)?
The operating margin of Lloyds Banking Group is 41.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lloyds Banking Group (LYGN)?
Revenue at Lloyds Banking Group is growing +11.5% versus a year earlier (3y avg +3.2%). 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 Lloyds Banking Group (LYGN)?
Earnings per share at Lloyds Banking Group are growing +44.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lloyds Banking Group (LYGN) generate?
The free cash flow of Lloyds Banking Group is −£622M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lloyds Banking Group (LYGN) carry?
The net debt of Lloyds Banking Group is £37.5B (fiscal year 2025). 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
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
