Persistent Systems Limited (PERSISTENT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Persistent Systems Limited ₹5,764, price ₹5,240, upside +10.0%, quality 66 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 24, 2026.
How to read this chart
60‑month range ₹1,162 – ₹6,624 · fair‑value band ₹3,348 – ₹7,188 · the ₹5,240 price screens below the ₹5,764 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance (BFSI); Healthcare & Life Sciences; and Technology Companies and Emerging Verticals segments.
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Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance (BFSI); Healthcare & Life Sciences; and Technology Companies and Emerging Verticals segments. The company provides Persistent GenAI Hub, a generative artificial intelligence (AI) solution; consulting services for business strategy and transformation; software engineering services to architect, design, develop, and manage software product lifecycle; and CX transformation solutions, such as CX strategy, Salesforce cloud implementation, CX platform integration, customer analytics and insights, and Salesforce industry solutions and accelerators. It also offers hybrid and multi-cloud transformation, data center modernization, persistent intelligent IT operations, cloud advisory, service management, service desk, digital workplace, and management and sustenance services, as well as CloudOps, a multi-cloud intelligent operations framework; business process management, robotic process automation, low code application development, and conversational AI solutions; and application modernization, maintenance and support, portfolio rationalization, application, and platform development solutions. It serves customers in the banking, financial services, insurance, healthcare, life sciences, consumer tech, industrial, software and hi-tech, and telecom and media sectors. The company has a research collaboration with the Indian Institute of Management Ahmedabad to introduce the 'AI Value compass to bring discipline and measurable outcomes to enterprise AI investments. Persistent Systems Limited was incorporated in 1990 and is based in Pune, India.
Stock analysis
Persistent Systems Limited (PERSISTENT) currently trades at ₹5,240, while our model-based Fair Value estimate is ₹5,764, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹4,228 per share, and 1 of the 26 models we run sit above the ₹5,240 price.
Bear case: the Economic Profit group reads lowest at ₹1,029, and 25 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹3,348 (bear) to ₹7,188 (bull), the price of ₹5,240 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 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Persistent Systems Limited reported revenue of ₹147B in FY2026 versus ₹57.1B in FY2022, a compound +26.8%/yr. Reported net income was ₹18.7B in FY2026, compounding +28.2%/yr from FY2022.
Key figures
Market cap ₹827B (≈ $8.6B) · P/E ratio 44.5 · P/S ratio 5.63 · EPS (TTM) ₹117.76 · Dividend yield 0.7% · Net margin 12.6% · Return on equity 26.4% · Return on assets (EBIT) 18.3%.
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 20% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at 10%, PERSISTENT screens richer than that median.
Fair Value models
Bear ₹3,348Fair Value ₹5,764Bull ₹7,188
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 2026 figures (about 6 months old). Earnings retained since then (₹39.16 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.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.5%
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.
+20.9%
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.
+28.6%
Start year 2021 (pandemic). Over 10 years: +20.4% a year
Revenue growth 21 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.
+24.5%
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What shareholders gained per year (last 5 years), in INR (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. 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.
+29.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.0%
Dividend (yield on the price)0.7%
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.32% vs 20%, picking up
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.13% → 16%
2026 sits 67% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+31.0%
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.
+14.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +25.8% a year for the price and +10.1% for the forecasts.
Compare Persistent Systems Limited with another stock
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.Information Technology Services · 490 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets15% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth25% · Top 25%
Dividend yield (TTM)0.7% · Bottom 25%
Valuation Multiplesvs Information Technology Services 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). "Persistent Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/PERSISTENT
Frequently asked questions
Is Persistent Systems Limited (PERSISTENT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹5,764 versus a price of ₹5,240, about +10% upside (undervalued).
What is the fair value of PERSISTENT?
Our model-based fair value for Persistent Systems Limited is ₹5,764 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹5,240.
What is the quality score of PERSISTENT?
Persistent Systems Limited has a Quality Score of 66/100. 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 Persistent Systems Limited (PERSISTENT)?
Our model-based price target is the fair value of ₹5,764 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ₹3,348, optimistic scenario ₹7,188. It is a calculation from audited fundamentals, not an analyst target.
What is the Persistent Systems Limited stock forecast for 2026?
Our models put fair value at ₹5,764, about +10% upside versus a price of ₹5,240 (undervalued). Cautious scenario ₹3,348, optimistic scenario ₹7,188. The calculation is refreshed regularly with new filings.
What is the revenue of Persistent Systems Limited (PERSISTENT)?
Persistent Systems Limited reported trailing-twelve-month revenue of about ₹147B (latest available figure, as of Sep 24, 2026).
Does Persistent Systems Limited pay a dividend?
Persistent Systems Limited currently shows a dividend yield of about 0.71% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Persistent Systems Limited (PERSISTENT)?
For today's price to be fair in a discounted-cash-flow model, Persistent Systems Limited would have to grow free cash flow by +31.0 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PERSISTENT use?
Our models discount Persistent Systems Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.12, country premium for India. 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 Persistent Systems Limited that is +31.0 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Persistent Systems Limited (PERSISTENT) delivered so far?
Over the past 5 years revenue at Persistent Systems Limited grew +28.6 % a year. The price currently implies +31.0 % 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 Persistent Systems Limited (PERSISTENT) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Persistent Systems Limited (+31.0 % 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 Persistent Systems Limited (PERSISTENT)?
The free-cash-flow yield on the price is 1.89 %: that much free cash flow Persistent Systems Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Persistent Systems Limited (PERSISTENT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Persistent Systems Limited it is ₹5,764 per share (as of Sep 24, 2026), against a price of ₹5,240. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Persistent Systems Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PERSISTENT trades below its calculated fair value: price ₹5,240, fair value ₹5,764, a gap of about +10% (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 PERSISTENT?
No. The price is what the market pays today (₹5,240); the fair value is what the company's own numbers justify (₹5,764). For Persistent Systems Limited the two are ₹524.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Persistent Systems Limited worth?
The market values Persistent Systems Limited at about ₹827B (market capitalisation, as of Sep 24, 2026). Per share that is ₹5,240; our models calculate a fair value of ₹5,764 per share.
What do the bullish and bearish scenarios say about PERSISTENT?
Our models span a range for Persistent Systems Limited: cautious scenario ₹3,348, base ₹5,764, optimistic ₹7,188 per share (as of Sep 24, 2026, price ₹5,240). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PERSISTENT?
Persistent Systems Limited trades at a price-to-earnings ratio of 44.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹5,764 is built from several models across several years. Other multiples: PEG 3.4, P/B 10.6, P/S 5.6, EV/EBITDA 31.2.
What is the PEG ratio of PERSISTENT?
The PEG ratio of Persistent Systems Limited is 3.35 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Persistent Systems Limited (PERSISTENT)?
Balance-sheet figures for Persistent Systems Limited (as of Sep 24, 2026): return on equity 26.4%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is PERSISTENT from its 52-week high?
Persistent Systems Limited trades at ₹5,240, about 20% below its 52-week high of ₹6,547 and 22% above the low of ₹4,292 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹5,764 is for.
Which stocks are comparable to Persistent Systems Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Persistent Systems Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹5,240, calculated fair value ₹5,764 (+10%), Quality Score 66/100, from 26 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 PERSISTENT calculated?
We run Persistent Systems Limited through 26 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 ₹5,764, 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. Persistent Systems Limited currently trades 10 % 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 Persistent Systems Limited (PERSISTENT)?
The closing price on Sep 23, 2026 was ₹5,240. Our model-based fair value is ₹5,764, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Persistent Systems Limited right now?
A fairly wide model range (₹3,348 to ₹7,188) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Persistent Systems Limited (PERSISTENT) come from?
Earnings per share at Persistent Systems Limited grew +17.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +17.9 %, EBIT margin +0.9 %, tax rate +0.3 %, residual (interest, one-offs) −1.4 %. 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 Persistent Systems Limited
How large is the market capitalisation of Persistent Systems Limited (PERSISTENT)?
The market capitalisation of Persistent Systems Limited is ₹827B (≈ $8.6B). 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 Persistent Systems Limited (PERSISTENT)?
The price-to-sales ratio of Persistent Systems Limited is 5.63 (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 Persistent Systems Limited (PERSISTENT)?
Earnings per share at Persistent Systems Limited are ₹117.76 (price ÷ EPS = P/E 44.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Persistent Systems Limited (PERSISTENT)?
The dividend yield of Persistent Systems Limited is 0.7% (payout 31.4%). 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 Persistent Systems Limited (PERSISTENT)?
The net margin of Persistent Systems Limited is 12.6% (fiscal year 2026). 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 Persistent Systems Limited (PERSISTENT)?
The return on equity (ROE) of Persistent Systems Limited is 26.4% (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 Persistent Systems Limited (PERSISTENT)?
On an EBIT basis the return on assets of Persistent Systems Limited is 18.3% (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 Persistent Systems Limited (PERSISTENT)?
The operating margin of Persistent Systems Limited is 16.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Persistent Systems Limited (PERSISTENT)?
Revenue at Persistent Systems Limited is growing +25.1% versus a year earlier (3y avg +20.9%). 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 Persistent Systems Limited (PERSISTENT)?
Earnings per share at Persistent Systems Limited are growing +32.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Persistent Systems Limited (PERSISTENT) hold?
Persistent Systems Limited holds more cash than debt, ₹6.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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