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PB Fintech Limited (POLICYBZR) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of PB Fintech Limited ₹138, price ₹1,166, upside -88.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Financial Services · IN · ISIN INE417T01026

PF Thin data Sep 26, 2026

PB Fintech Limited

POLICYBZR · NSE

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value ₹137.52 · Strongly overvalued (−88%)
!Quality 62/100
!Mixed Growth (revenue 5y +50.3 %/yr)
✓Solidly profitable · 10.2% net margin (TTM)
✓generates free cash flow
!Trails peers (2/12)
!Narrow moat 43/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain
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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

₹2,216 ₹371.55 Fair Value ₹137.52 Nov 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 26, 2026.

How to read this chart

58‑month range ₹371.55 – ₹2,216 · fair‑value band ₹128.41 – ₹153.87 · the ₹1,166 price screens above the ₹137.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 26, 2026.

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Company profile

PB Fintech Limited operates an online marketplace for insurance and lending products in India and the United Arab Emirates. It operates through two segments, Insurance Services and Other Services.

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PB Fintech Limited operates an online marketplace for insurance and lending products in India and the United Arab Emirates. It operates through two segments, Insurance Services and Other Services. The company offers Policybazaar that enables consumers to compare, evaluate, and apply for insurance products, such as term, life, health, car, 2 wheeler, family health, travel, and home insurance products, as well as investment, guaranteed return, child savings, and retirement plans. It also provides Paisabazaar, which facilitates access to lending and personal credit products. In addition, the company offers online healthcare related services; insurance broking services; support services for motor vehicle claims and related assistance; account aggregation services; online marketing and sales consulting services; and information technology and related services. Further, the company engages in the operation of call center; online comparison, sale, and online, offline, and direct marketing of financial products; and payment aggregator, payment gateway services, payment facilitation activities by offline and a digital payment acceptance. PB Fintech Limited was incorporated in 2008 and is based in Gurugram, India.

Stock analysis

PB Fintech Limited (POLICYBZR) currently trades at ₹1,166, while our model-based Fair Value estimate is ₹137.52, implying the stock looks roughly 748.2% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹188.47 per share, and 0 of the 4 models we run sit above the ₹1,166 price.

Bear case: the Asset-Based group reads lowest at ₹106.01, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹128.41 (bear) to ₹153.87 (bull), the price of ₹1,166 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 62/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

PB Fintech Limited reported revenue of ₹67.9B in FY2026 versus ₹14.2B in FY2022, a compound +47.8%/yr. Reported net income was ₹6.7B in FY2026.

Key figures

Market cap ₹540B (≈ $5.6B) · P/E ratio 74.6 · P/S ratio 7.36 · EPS (TTM) ₹15.62 · Net margin 9.9% · Return on equity 9.7% · Return on assets (EBIT) −5.5% · Operating margin 5.3%.

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 40% 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 −46% fair-value upside, at −88%, POLICYBZR screens richer than that median.

Fair Value models

Bear ₹128.41 Fair Value ₹137.52 Bull ₹153.87
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 (₹7.70 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
Residual Income ₹133.90 ₹145.79 ₹192.50 68
P/E Multiple ₹141.35 ₹188.47 ₹235.59 63
P/B Multiple ₹166.14 ₹221.52 ₹276.90 55
All 4 models by family
Multiples
P/E Multiple ₹141.35 ₹188.47 ₹235.59 63
P/B Multiple ₹166.14 ₹221.52 ₹276.90 55
Asset-Based
NCAV (Graham) ₹79.11 ₹106.01 ₹158.23 51
Economic Profit
Residual Income ₹133.90 ₹145.79 ₹192.50 68

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Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 26

Profitability 56
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 73
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. 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+36.5%
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.
+38.5%
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.
+50.3%
Start year 2021 (pandemic)
Revenue growth 9 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.
+49.3%
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.
−22.0% (2021) → 5.5% (2026)

Growth Forecast

A lot of optimism in the price
The price assumes more growth than 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).
+65.4%
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.
+24.2%
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 +58.8% a year for the price and +19.3% for the forecasts.
Forecast 2027 (sales)+29.5%
Forecast 2028 (sales)+27.8%
Projected 2029 (sales)+24.6%
Projected 2030 (sales)+21.4%
Projected 2031 (sales)+18.1%

POLICYBZR screens 748% overvalued. Compare with Marsh & McLennan Companies, Inc →

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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 Brokers · 36 stocks

Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 61 · Below median
Fair Value upside −88% · Bottom 25%
Profitability
Return on equity (TTM) 10% · Below median
Return on assets 3% · Below median
Net margin (TTM) 10% · Below median
Operating margin (TTM) 9% · Below median
Growth and dividend
Revenue growth 37% · Top 25%

Valuation Multiplesvs Insurance Brokers median · lower = cheaper

P/E (TTM) 74.6× · Priciest 25%
P/B 9.95× · Priciest 25%
P/S (TTM) 10.70× · Priciest 25%
P/FCF 3.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 66
PAST (return on equity)39 · sector 60
HEALTH (low debt)0 · sector 84
DIVIDEND (yield)0 · sector 93

VALUE 0: the price sits above our fair-value range.

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 Insurance Brokers stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Marsh & McLennan Companies, Inc MRSH $171.12 $79.96 −53%
Arthur J. Gallagher & Co AJG $231.10 $75.76 −67%
Aon plc AON $277.99 $226.45 −19%
Willis Towers Watson Public Limited WTW $293.99 $166.30 −43%
Brown & Brown, Inc BRO $60.82 $35.18 −42%
Erie Indemnity Company ERIE $222.86 $113.32 −49%
Neptune Insurance Holdings NP $27.10 $3.52 −87%
Steadfast Group SDF A$5.73 A$2.83 −51%
CorVel Corporation CRVL $73.59 $39.55 −46%
Accelerant Holdings ARX $19.79 $39.58 +100%

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PB Fintech Limited · Fair Value
₹137.52 −748%Fair Value
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Cite: Fair Value Calculator (2026). "PB Fintech Limited Fair Value". https://www.fairvalue-calculator.com/stock/POLICYBZR

Frequently asked questions

Is PB Fintech Limited (POLICYBZR) overvalued or undervalued?
As of Sep 26, 2026, our model estimates a fair value of ₹137.52 versus a price of ₹1,166, about −88% upside (overvalued).
What is the fair value of POLICYBZR?
Our model-based fair value for PB Fintech Limited is ₹137.52 (as of Sep 26, 2026), built from audited fundamentals. The current price: ₹1,166.
What is the quality score of POLICYBZR?
PB Fintech Limited has a Quality Score of 62/100. 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 PB Fintech Limited (POLICYBZR)?
Our model-based price target is the fair value of ₹137.52 (as of Sep 26, 2026) from 4 valuation models. Cautious scenario ₹128.41, optimistic scenario ₹153.87. It is a calculation from audited fundamentals, not an analyst target.
What is the PB Fintech Limited stock forecast for 2026?
Our models put fair value at ₹137.52, about −88% upside versus a price of ₹1,166 (overvalued). Cautious scenario ₹128.41, optimistic scenario ₹153.87. The calculation is refreshed regularly with new filings.
What is the revenue of PB Fintech Limited (POLICYBZR)?
PB Fintech Limited reported trailing-twelve-month revenue of about ₹73.3B (latest available figure, as of Sep 26, 2026).
What growth is priced into PB Fintech Limited (POLICYBZR)?
For today's price to be fair in a discounted-cash-flow model, PB Fintech Limited would have to grow free cash flow by +65.4 % 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 +50.3 % per year. As of Sep 26, 2026.
What discount rate (WACC) does the fair value of POLICYBZR use?
Our models discount PB Fintech Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.40, 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 PB Fintech Limited that is +65.4 % 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 PB Fintech Limited (POLICYBZR) delivered so far?
Over the past 5 years revenue at PB Fintech Limited grew +50.3 % a year. The price currently implies +65.4 % 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 PB Fintech Limited (POLICYBZR) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into PB Fintech Limited (+65.4 % 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 PB Fintech Limited (POLICYBZR)?
The free-cash-flow yield on the price is 0.39 %: that much free cash flow PB Fintech 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 PB Fintech Limited (POLICYBZR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PB Fintech Limited it is ₹137.52 per share (as of Sep 26, 2026), against a price of ₹1,166. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is PB Fintech Limited stock overvalued or undervalued in 2026?
As of Sep 26, 2026, POLICYBZR trades above its calculated fair value: price ₹1,166, fair value ₹137.52, a gap of about −88% (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 POLICYBZR?
No. The price is what the market pays today (₹1,166); the fair value is what the company's own numbers justify (₹137.52). For PB Fintech Limited the two are ₹1,028 per share apart. That gap is exactly why we show both numbers side by side.
How much is PB Fintech Limited worth?
The market values PB Fintech Limited at about ₹540B (market capitalisation, as of Sep 26, 2026). Per share that is ₹1,166; our models calculate a fair value of ₹137.52 per share.
What do the bullish and bearish scenarios say about POLICYBZR?
Our models span a range for PB Fintech Limited: cautious scenario ₹128.41, base ₹137.52, optimistic ₹153.87 per share (as of Sep 26, 2026, price ₹1,166). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of POLICYBZR?
PB Fintech Limited trades at a price-to-earnings ratio of 74.6 (as of Sep 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹137.52 is built from several models across several years. Other multiples: P/B 10.0, P/S 10.7.
How solid is the balance sheet of PB Fintech Limited (POLICYBZR)?
Balance-sheet figures for PB Fintech Limited (as of Sep 26, 2026): return on equity 9.7%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is POLICYBZR from its 52-week high?
PB Fintech Limited trades at ₹1,166, about 40% below its 52-week high of ₹1,957 and at the low of ₹1,166 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹137.52 is for.
Which stocks are comparable to PB Fintech Limited?
From the same area (Financial Services) we also value Marsh & McLennan Companies, Inc, Arthur J. Gallagher & Co, Aon plc, Willis Towers Watson Public 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 PB Fintech Limited stock attractive at the current price?
The data as of Sep 26, 2026: price ₹1,166, calculated fair value ₹137.52 (−88%), Quality Score 62/100, from 4 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 POLICYBZR calculated?
We run PB Fintech Limited through 4 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 ₹137.52, 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 13.2 % above its aggregate fair value. PB Fintech Limited 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 PB Fintech Limited (POLICYBZR)?
The closing price on Sep 25, 2026 was ₹1,166. Our model-based fair value is ₹137.52, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PB Fintech Limited right now?
The price sits above even our optimistic bull case (₹153.87). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) 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 PB Fintech Limited

How large is the market capitalisation of PB Fintech Limited (POLICYBZR)?
The market capitalisation of PB Fintech Limited is ₹540B (≈ $5.6B). 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 PB Fintech Limited (POLICYBZR)?
The price-to-sales ratio of PB Fintech Limited is 7.36 (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 PB Fintech Limited (POLICYBZR)?
Earnings per share at PB Fintech Limited are ₹15.62 (price ÷ EPS = P/E 74.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PB Fintech Limited (POLICYBZR)?
The net margin of PB Fintech Limited is 9.9% (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 PB Fintech Limited (POLICYBZR)?
The return on equity (ROE) of PB Fintech Limited is 9.7% (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 PB Fintech Limited (POLICYBZR)?
On an EBIT basis the return on assets of PB Fintech Limited is −5.5% (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 PB Fintech Limited (POLICYBZR)?
The operating margin of PB Fintech Limited is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PB Fintech Limited (POLICYBZR)?
Revenue at PB Fintech Limited is growing +40.1% versus a year earlier (3y avg +38.5%). 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 PB Fintech Limited (POLICYBZR)?
Earnings per share at PB Fintech Limited are growing +92.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does PB Fintech Limited (POLICYBZR) hold?
PB Fintech Limited holds more cash than debt, ₹4.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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