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Finance · NSE: JIOFIN

Jio Financial Services Limited - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates Jio Financial Services Limited's fair value at ₹101 per share (range ₹101–₹174) against a market price of ₹235 - a gap of -56.9% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹101Above fair-value est.High ₹174

Market price

₹235

close of 24 Jul 2026

Est. fair value

₹101

₹101–₹174

Gap

-56.9%

price vs estimate

Trading ~57% above our estimated fair-value range. Assumptions and per-model workings are below.

What Jio Financial Services Limited does

Jio Financial Services is Reliance's financial arm, building lending, insurance and payments businesses on the Jio customer base. It was spun off from Reliance Industries in 2023.

Finance · Finance

Health signals

GrowthRevenue +327.4%/yr (3y)Good

Over the last 3 years, revenue grew 327.4%/yr and profit grew 269.3%/yr.

ProfitabilityROE 1.2%Weak

Every ₹100 of shareholder money earned ₹1.2 in profit last year, vs a sector median of 10.8%.

DebtNot applicableN/A

Borrowing is core to a lender's business model — judge it on profitability and consistency instead.

Valuation-57% vs estimateWeak

The market price is above our estimated fair-value range (based on stated assumptions).

QualityROE steady within ±2.7ppGood

Returns on equity varied by about 2.7 percentage points over the last 5 years — steady.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values Jio Financial Services Limited with 2 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
SOTPSum of Parts Method₹174-26%-
P/B + Excess ReturnBank Net Worth Method₹101-57%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
0.834
Cost of equity
12.4%
Terminal growth
5.0%
Tax rate
25%

Reverse DCF: today's market price implies the company must grow free cash flow about 49.2% a year for the next decade - versus 120.4% historical revenue growth.

Key financialsFY18–FY26

Full statements & analysis →
Revenue₹3,513 Cr
Net profit₹1,561 Cr
EPS₹2.46
Free cash flow₹-21,136 Cr
ROE (latest)1.2%
Revenue growth (CAGR)174.4%
Profit growth (CAGR)158.9%

Peers

Sector overview →
TSF INVESTMENTS LIMITED₹9,576 CrP/E 18.4ROE 8.8%
Vardhman Holdings Limited₹1,118 CrP/E 5.2ROE 5.7%
BLB Limited₹85 CrP/E 2.6ROE 25.4%
Industrial & Prudential Investment Company Limited₹1,098 CrP/E 17.2ROE 7.5%
Tata Investment Corporation Limited₹32,899 CrP/E 75.8ROE 1.5%
Maharashtra Scooters Limited₹14,840 CrP/E 47.8ROE 1.1%
Ask AI about Jio Financial Services LimitedChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is Jio Financial Services Limited's intrinsic value?

Intrynsic's multi-model valuation estimates Jio Financial Services Limited's fair value at ₹101 per share (range ₹101–₹174), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.

Is Jio Financial Services Limited overvalued or undervalued?

Jio Financial Services Limited trades at ₹235 against Intrynsic's estimated fair value of ₹101 - the market price is 57% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is Jio Financial Services Limited's P/E ratio?

Jio Financial Services Limited trades at about 95.4 times its latest annual earnings per share.

What does Jio Financial Services Limited do?

Jio Financial Services is Reliance's financial arm, building lending, insurance and payments businesses on the Jio customer base. It was spun off from Reliance Industries in 2023.

How is Jio Financial Services Limited's fair value calculated?

Intrynsic runs 2 valuation models for Jio Financial Services Limited (SOTP, P/B + Excess Return) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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