Angel One Limited

NSEI:ANGELONE Stock Report

Market Cap: ₹243.0b

Angel One Valuation

Is ANGELONE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ANGELONE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ANGELONE (₹2694.6) is trading above our estimate of fair value (₹2168.79)

Significantly Below Fair Value: ANGELONE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANGELONE?

Key metric: As ANGELONE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ANGELONE. This is calculated by dividing ANGELONE's market cap by their current earnings.
What is ANGELONE's PE Ratio?
PE Ratio18.5x
Earnings₹13.16b
Market Cap₹243.00b

Price to Earnings Ratio vs Peers

How does ANGELONE's PE Ratio compare to its peers?

The above table shows the PE ratio for ANGELONE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
ISEC ICICI Securities
13.4x-21.3%₹276.6b
NUVAMA Nuvama Wealth Management
27.8x11.0%₹232.2b
IIFLSEC IIFL Capital Services
13.5xn/a₹96.5b
531358 Choice International
67.9xn/a₹107.4b
ANGELONE Angel One
18.5x13.2%₹243.0b

Price-To-Earnings vs Peers: ANGELONE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (30.6x).

Price to Earnings Ratio vs Industry

How does ANGELONE's PE Ratio compare vs other companies in the IN Capital Markets Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
533095 Bengal & Assam
2.9xn/aUS$1.25b
VLSFINANCE VLS Finance
4.2xn/aUS$151.92m
536773 Jindal Poly Investment and Finance
2.7xn/aUS$127.28m
JINDALPHOT Jindal Photo
2.6xn/aUS$108.49m
ANGELONE 18.5xIndustry Avg. 22.3xNo. of Companies34PE020406080100+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANGELONE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the Indian Capital Markets industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is ANGELONE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANGELONE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio21.4x

Price-To-Earnings vs Fair Ratio: ANGELONE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ANGELONE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,694.60
₹3,474.29
+28.9%
15.5%₹4,100.00₹2,450.00n/a7
Nov ’25₹3,070.20
₹3,474.29
+13.2%
15.5%₹4,100.00₹2,450.00n/a7
Oct ’25₹2,600.10
₹2,715.00
+4.4%
9.4%₹3,100.00₹2,355.00n/a7
Sep ’25₹2,586.35
₹2,715.00
+5.0%
9.4%₹3,100.00₹2,355.00n/a7
Aug ’25₹2,237.45
₹2,757.86
+23.3%
11.5%₹3,300.00₹2,355.00n/a7
Jul ’25₹2,578.60
₹3,587.43
+39.1%
10.3%₹4,200.00₹2,885.00n/a7
Jun ’25₹2,467.30
₹3,587.43
+45.4%
10.3%₹4,200.00₹2,885.00n/a7
May ’25₹2,786.60
₹3,587.43
+28.7%
10.3%₹4,200.00₹2,885.00n/a7
Apr ’25₹3,025.50
₹3,620.00
+19.6%
9.8%₹4,000.00₹2,885.00n/a7
Mar ’25₹2,813.90
₹3,620.00
+28.6%
9.8%₹4,000.00₹2,885.00n/a7
Feb ’25₹3,358.85
₹3,620.00
+7.8%
9.8%₹4,000.00₹2,885.00n/a7
Jan ’25₹3,583.30
₹2,382.00
-33.5%
6.1%₹2,550.00₹2,165.00n/a6
Dec ’24₹3,055.55
₹2,382.00
-22.0%
6.1%₹2,550.00₹2,165.00n/a6
Nov ’24₹2,629.55
₹2,382.00
-9.4%
6.1%₹2,550.00₹2,165.00₹3,070.206
Oct ’24₹1,850.65
₹1,897.67
+2.5%
7.8%₹2,050.00₹1,622.00₹2,600.106
Sep ’24₹1,915.25
₹1,897.67
-0.9%
7.8%₹2,050.00₹1,622.00₹2,586.356
Aug ’24₹1,515.90
₹1,897.67
+25.2%
7.8%₹2,050.00₹1,622.00₹2,237.456
Jul ’24₹1,718.80
₹1,714.33
-0.3%
14.2%₹2,000.00₹1,365.00₹2,578.606
Jun ’24₹1,340.40
₹1,611.00
+20.2%
11.6%₹1,825.00₹1,365.00₹2,467.306
May ’24₹1,230.05
₹1,611.00
+31.0%
11.6%₹1,825.00₹1,365.00₹2,786.606
Apr ’24₹1,162.85
₹1,699.83
+46.2%
17.3%₹2,100.00₹1,365.00₹3,025.506
Mar ’24₹1,002.85
₹1,766.80
+76.2%
15.7%₹2,100.00₹1,420.00₹2,813.905
Feb ’24₹1,204.15
₹1,938.80
+61.0%
8.0%₹2,100.00₹1,684.00₹3,358.855
Jan ’24₹1,311.35
₹2,040.00
+55.6%
6.6%₹2,200.00₹1,850.00₹3,583.304
Dec ’23₹1,609.70
₹2,040.00
+26.7%
6.6%₹2,200.00₹1,850.00₹3,055.554
Nov ’23₹1,610.30
₹2,040.00
+26.7%
6.6%₹2,200.00₹1,850.00₹2,629.554

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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