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Onity Group Inc. (ONIT) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Onity Group Inc. $64.10, price $31.48, upside +103.6%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · US · ISIN US6757466064

OG Onity Group Inc. logo Broad data Sep 23, 2026

Onity Group Inc.

ONIT · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value $64.10 · Strongly undervalued (+104%)
!Quality 34/100
!Weak Growth (revenue 5y +1.8 %/yr)
✓Solidly profitable · 15.8% net margin (TTM)
!High debt · negative free cash flow
!Mixed vs. peers (7/14)
!Moderate moat 56/100
!The models disagree: range $41.46 to $256.40
!Weak on dividend: 27 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$53.35 $17.99 Fair Value $64.10 Jun 2021 Sep 2026

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 $17.99 – $53.35 · fair‑value band $41.46 – $256.40 · the $31.48 price screens below the $64.10 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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Company profile

Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments.

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Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through the Servicing and Originations segments. The company offers owned mortgage servicing rights and subservicing products; conventional, government-insured, and non-agency mortgage loans, as well as reverse mortgage and multi-family loans; and residential forward mortgage and small commercial mortgage loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. In addition, the company engages in reinsurance business. The company offers its services under the PHH Mortgage and Liberty Reverse Mortgage brands. It serves financial institutions. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.

Stock analysis

Onity Group Inc. (ONIT) currently trades at $31.48, while our model-based Fair Value estimate is $64.10, implying the stock looks roughly 50.9% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of $229.75 per share, and 6 of the 8 models we run sit above the $31.48 price.

Bear case: the Asset-Based group reads lowest at $49.90, and 2 of the 8 models stay below the price. Evidence for this calculation is high.

Scenario range: $41.46 (bear) to $256.40 (bull), the price of $31.48 sits below 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 34/100 (below-average quality), in the Financial Services sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Onity Group Inc. reported revenue of $1.1B in FY2025 versus $1.1B in FY2021, a compound −0.2%/yr. Reported net income was $190M in FY2025, compounding +79.9%/yr from FY2021.

Key figures

Market cap $309M · P/E ratio 1.6 · P/S ratio 0.28 · EPS (TTM) $19.70 · Dividend yield 1.4% · Net margin 17.8% · Return on equity 29.4% · Return on assets (EBIT) 2.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 41% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 17% fair-value upside, at 104%, ONIT screens cheaper than that median.

Fair Value models

Bear $41.46 Fair Value $64.10 Bull $256.40
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 ($14.46 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
Gordon GGM $3.87 $6.97 $9.60 66
DDM Multi-Stage $3.87 $6.37 $7.45 65
P/E Multiple $219.12 $292.16 $365.20 63
All 8 models by family
Earnings-Based
Graham-Dodd $152.82 $1,066 $1,496 61
Lynch FV $550.60 $786.57 $1,023 59
Dividend Discount
Gordon GGM $3.87 $6.97 $9.60 66
DDM Multi-Stage $3.87 $6.37 $7.45 65
Multiples
P/E Multiple $219.12 $292.16 $365.20 63
P/B Multiple $78.20 $104.27 $130.33 55
Asset-Based
NCAV (Graham) $37.24 $49.90 $74.48 54
Economic Profit
Residual Income $147.45 $229.75 $2,247 61

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Quality Score breakdown

Overall quality 34/100

Of which business quality 29 · Market factors (momentum, volatility) 20

Profitability 43
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 4
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 55
Share count: buybacks or dilution?

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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. 27/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−0.2%
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.
+2.2%
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.
+1.8%
Start year 2020 (pandemic). Over 10 years: −5.3% a year
Revenue growth 29 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.
+8.0%
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+66.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+64.9%
Dividend (yield on the price)1.4%
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.2% → 55%
2025 sits 523% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 5.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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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.Mortgage Finance · 93 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside +104% · Top 25%
Profitability
Return on equity (TTM) 29% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 16% · Below median
Operating margin (TTM) 55% · Below median
Growth and dividend
Revenue growth 18% · Below median
Dividend yield (TTM) 1.4% · Bottom 25%
Balance sheet
Debt / equity 24.07× · Highest 25%

Valuation Multiplesvs Mortgage Finance median · lower = cheaper

P/E (TTM) 1.6× · Cheapest 25%
P/B 0.49× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 0.28× · Cheapest 25%
EV/EBITDA 24.9× · Pricier than median
PEG 0.62× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 8
FUTURE (revenue growth)89 · sector 100
PAST (return on equity)100 · sector 42
HEALTH (low debt)0 · sector 25
DIVIDEND (yield)27 · sector 98

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 Mortgage Finance stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FMCCT $12.00 $24.00 +100%
Rocket Companies, Inc RKT $12.15 $3.23 −73%
Federal National Mortgage Association FNMAS $8.25 $2.01 −76%
Bajaj Housing Finance Limited BAJAJHFL ₹83.52 ₹24.32 −71%
PennyMac Financial Services, Inc PFSI $66.96 $125.45 +87%
UWM Holdings UWMC $1.26 $0.2100 −83%
LIC Housing Finance Limited LICHSGFIN ₹572.50 ₹1,145 +100%
PNB Housing Finance Limited PNBHOUSING ₹1,139 ₹1,330 +17%
Aadhar Housing Finance Limited AADHARHFC ₹454.55 ₹584.64 +29%
Walker & Dunlop, Inc WD $38.32 $32.25 −16%

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Cite: Fair Value Calculator (2026). "Onity Group Inc. Fair Value". https://www.fairvalue-calculator.com/stock/ONIT

Frequently asked questions

Is Onity Group Inc. (ONIT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $64.10 versus a price of $31.48, about +104% upside (undervalued).
What is the fair value of ONIT?
Our model-based fair value for Onity Group Inc. is $64.10 (as of Sep 23, 2026), built from audited fundamentals. The current price: $31.48.
What is the quality score of ONIT?
Onity Group Inc. has a Quality Score of 34/100. 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 Onity Group Inc. (ONIT)?
Our model-based price target is the fair value of $64.10 (as of Sep 23, 2026) from 8 valuation models. Cautious scenario $41.46, optimistic scenario $256.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Onity Group Inc. stock forecast for 2026?
Our models put fair value at $64.10, about +104% upside versus a price of $31.48 (undervalued). Cautious scenario $41.46, optimistic scenario $256.40. The calculation is refreshed regularly with new filings.
What is the revenue of Onity Group Inc. (ONIT)?
Onity Group Inc. reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Sep 23, 2026).
Does Onity Group Inc. pay a dividend?
Onity Group Inc. currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Onity Group Inc. (ONIT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Onity Group Inc. it is $64.10 per share (as of Sep 23, 2026), against a price of $31.48. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Onity Group Inc. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ONIT trades below its calculated fair value: price $31.48, fair value $64.10, a gap of about +104% (undervalued). 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 ONIT?
No. The price is what the market pays today ($31.48); the fair value is what the company's own numbers justify ($64.10). For Onity Group Inc. the two are $32.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Onity Group Inc. worth?
The market values Onity Group Inc. at about $309M (market capitalisation, as of Sep 23, 2026). Per share that is $31.48; our models calculate a fair value of $64.10 per share.
What do the bullish and bearish scenarios say about ONIT?
Our models span a range for Onity Group Inc.: cautious scenario $41.46, base $64.10, optimistic $256.40 per share (as of Sep 23, 2026, price $31.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ONIT?
Onity Group Inc. trades at a price-to-earnings ratio of 1.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $64.10 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 4.2 (reported for FY2025: 1.4). Other multiples: PEG 0.6, P/B 0.5, P/S 0.3, EV/EBITDA 24.9.
What is the PEG ratio of ONIT?
The PEG ratio of Onity Group Inc. is 0.62 (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 Onity Group Inc. (ONIT)?
Balance-sheet figures for Onity Group Inc. (as of Sep 23, 2026): return on equity 29.4%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is ONIT from its 52-week high?
Onity Group Inc. trades at $31.48, about 41% below its 52-week high of $53.35 and at the low of $31.48 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $64.10 is for.
Which stocks are comparable to Onity Group Inc.?
From the same area (Financial Services) we also value Federal Home Loan Mortgage Corporation, Rocket Companies, Inc, Federal National Mortgage Association, Bajaj Housing Finance Limited, 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 Onity Group Inc. stock attractive at the current price?
The data as of Sep 23, 2026: price $31.48, calculated fair value $64.10 (+104%), Quality Score 34/100, from 8 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 ONIT calculated?
We run Onity Group Inc. through 8 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 $64.10, 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 13.0 % above its aggregate fair value. Onity Group Inc. currently trades 104 % 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 Onity Group Inc. (ONIT)?
The closing price on Sep 23, 2026 was $31.48. Our model-based fair value is $64.10, about +104% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Onity Group Inc. right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($41.46). The market is more pessimistic than our downside scenario. The model range is unusually wide ($41.46 to $256.40). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Onity Group Inc.

How large is the market capitalisation of Onity Group Inc. (ONIT)?
The market capitalisation of Onity Group Inc. is $309M. 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 Onity Group Inc. (ONIT)?
The price-to-sales ratio of Onity Group Inc. is 0.28 (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 Onity Group Inc. (ONIT)?
Earnings per share at Onity Group Inc. are $19.70 (price ÷ EPS = P/E 1.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Onity Group Inc. (ONIT)?
The dividend yield of Onity Group Inc. is 1.4% (payout 2.2%). 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 Onity Group Inc. (ONIT)?
The net margin of Onity Group Inc. is 17.8% (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 Onity Group Inc. (ONIT)?
The return on equity (ROE) of Onity Group Inc. is 29.4% (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 Onity Group Inc. (ONIT)?
On an EBIT basis the return on assets of Onity Group 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 Onity Group Inc. (ONIT)?
The operating margin of Onity Group Inc. is 55.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Onity Group Inc. (ONIT)?
Revenue at Onity Group Inc. is growing +17.8% versus a year earlier (3y avg +2.2%). 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 Onity Group Inc. (ONIT)?
Earnings per share at Onity Group Inc. are growing −70.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Onity Group Inc. (ONIT) generate?
The free cash flow of Onity Group Inc. is −$1.1B (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 Onity Group Inc. (ONIT) carry?
The net debt of Onity Group Inc. is $15.0B (fiscal year 2025). 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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