Bajaj Finance (NSE:BAJFINANCE) ROE % Adjusted to Book Value: 4.39% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BAJFINANCE Bajaj Finance Ltd NSE:BAJFINANCE
76 GF Score
Price ₹1,056.30
GF Value ₹1,152.31
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Bajaj Finance ROE % Adjusted to Book Value?

Bajaj Finance NSE:BAJFINANCE +1.80% 76 ROE % Adjusted to Book Value is 4.39% as of Mar. 2026. GuruFocus rates NSE:BAJFINANCE with a GF Score™ of 76/100 and a GF Value™ of ₹1,152.31 (Fairly Valued). The stock has 6 warning signs investors should review.

Bajaj Finance's ROE % for the quarter that ended in Mar. 2026 was 19.17%. Bajaj Finance's PB Ratio for the quarter that ended in Mar. 2026 was 4.37. Bajaj Finance's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 4.39%.


Bajaj Finance ROE % Adjusted to Book Value Related Terms


Bajaj Finance ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Bajaj Finance's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bajaj Finance ROE % Adjusted to Book Value Chart

Bajaj Finance Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 3.76 3.78 3.34 4.13

Bajaj Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.23 0.00 3.14 0.00 4.39

NSE:BAJFINANCE vs V, MA, AXP: ROE % Adjusted to Book Value Comparison

For the Credit Services subindustry, Bajaj Finance's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bajaj Finance ROE % Adjusted to Book Value vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Bajaj Finance's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Bajaj Finance's ROE % Adjusted to Book Value falls into.


NSE:BAJFINANCE
76GF Score
Bajaj Finance Ltd NSE:BAJFINANCE
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bajaj Finance ROE % Adjusted to Book Value Calculation

Bajaj Finance's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=18.05% / 4.37
=4.13%

Bajaj Finance's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=19.17% / 4.37
=4.39%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a ROE % Adjusted to Book Value of 4.39% mean?
Bajaj Finance (NSE:BAJFINANCE) has a ROE % Adjusted to Book Value of 4.39% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bajaj Finance and its competitors.
Is Bajaj Finance's ROE % Adjusted to Book Value too high?
Bajaj Finance's current ROE % Adjusted to Book Value is 4.39%. Overall, Bajaj Finance has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Finance's ROE % Adjusted to Book Value compare to V and MA?
Bajaj Finance's ROE % Adjusted to Book Value of 4.39% can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Credit Services company?
A good ROE % Adjusted to Book Value depends on the Credit Services industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bajaj Finance and its competitors. Bajaj Finance's current ROE % Adjusted to Book Value is 4.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Finance stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Finance (NSE:BAJFINANCE) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,152.31, compared to a current price of ₹1,056.30 — trading 8.3% below its estimated fair value. The current ROE % Adjusted to Book Value is 4.39%. Bajaj Finance's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Bajaj Finance (NSE:BAJFINANCE), the current ROE % Adjusted to Book Value is 4.39% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bajaj Finance (NSE:BAJFINANCE) Overvalued in 2026?

Based on GuruFocus' analysis, Bajaj Finance stock appears to be undervalued. The current stock price of ₹1,056.30 is trading 8.3% below its estimated GF Value™ of ₹1,152.31. GuruFocus considers Bajaj Finance to be Fairly Valued.

Key valuation signals for NSE:BAJFINANCE:

  • ROE % Adjusted to Book Value: 4.39%
  • GF Value™: ₹1,152.31 vs. price of ₹1,056.30 (8.3% below fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the NSE:BAJFINANCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bajaj Finance Business Description

Other Exchanges 500034:India
Address Off Pune-Ahmednagar Road, 4th Floor, Bajaj Finserv Corporate Office, Viman Nagar, Pune, MH, IND, 411 014
Bajaj Finance Ltd is the holding company for various financial services businesses under the Bajaj Group, which operates in India. The company is an NBFC in India offering payments, partnerships, services, and lending solutions to customers. The company's model is focused on the acquisition of customers and offering multiple loans and services on a cross-sell basis to meet their financial service needs. The company provides discretionary spending across consumer electronics, furniture, and digital products in India. The company's strategies and structure are closely aligned with those of commercial banks in India. All of its revenue is generated from India.
76GF Score

Get the complete analysis for NSE:BAJFINANCE

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,056.30
Price
₹1,152.31
GF Value