Macquarie Group Ltd (MQG) Fair Value & Analysis
Financial Services · AU · Market cap A$98.5B (≈ $71.0B) · ISIN AU000000MQG1
What is Macquarie Group Ltd really worth?
Below-average quality, and trading another 233% above our fair value of A$75.58.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 2 valuation models · updated today
Share price −1.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (A$94.47). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range A$126.87 – A$267.25 · fair‑value band A$56.68 – A$94.47 · the A$251.87 price screens above the A$75.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Macquarie Group Ltd (MQG) currently trades at A$251.87, while our model-based Fair Value estimate is A$75.58, implying the stock looks roughly 233.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 15 models at a data quality of 96/100, which puts the evidence level at high.
Over the trailing twelve months, Macquarie Group Ltd generated revenue of A$17.8B at a net margin of 21.1%. Revenue grew 5.8% year over year. It earns a return on equity of 11.2%. Net debt stands at A$68.9B. Fundamentals as of Sep 5, 2026
Our scenario range runs from A$56.68 (bear case) to A$94.47 (bull case); at A$251.87, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −70%, MQG screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly A$1.29 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 2 models by family
Widest divergence: Multiples (A$80.51) versus Asset-Based (A$63.46). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Macquarie Group Limited provides diversified financial services in Australia, New Zealand the Americas, Europe, the Middle East, Africa, and Asia. It operates through four segments: Macquarie Asset Management (MAM); Banking and Financial Services (BFS); Commodities and Global Markets (CGM); and Macquarie Capital.
Full company description
Macquarie Group Limited provides diversified financial services in Australia, New Zealand the Americas, Europe, the Middle East, Africa, and Asia. It operates through four segments: Macquarie Asset Management (MAM); Banking and Financial Services (BFS); Commodities and Global Markets (CGM); and Macquarie Capital. The MAM segment provides investment solutions to clients across various capabilities, including real assets, real estate, credit, equities and multi-asset and secondaries. The BFS segment offers personal banking products comprising home loans, car loans, transaction and savings accounts, and credit cards; wealth management products, such as wrap platform and cash management, financial advisory, and private banking services, as well as investment and superannuation products. It also provides deposit, lending, and payment solutions and services to business clients. The CGM segment provides capital and financing, risk management, and physical execution and logistics solutions across power, gas, emissions, agriculture, oil, and resources sectors; market access to corporate and institutional clients; and specialist finance and asset management solutions. The Macquarie Capital segment offers advisory and capital raising services. This segment is also involved in specialist investing across private credit, private equity, real estate, growth equity, venture capital, and infrastructure and energy projects and companies; and brokerage business, including equity research, sales, execution capabilities, and corporate access. Macquarie Group Limited was founded in 1969 and is headquartered in Sydney, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Macquarie Group Ltd reported revenue of A$19.6B in FY2026 versus A$16.4B in FY2022, a compound +4.6%/yr. Reported net income was A$4.8B in FY2026, compounding +0.7%/yr from FY2022.
of which total revenue +7.3 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
MQG screens 233% overvalued. Compare with Morgan Stanley, a financial holding company, →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Has Macquarie Group (ASX:MQG) Run Ahead Of Fair Value On The Donlin Gold Mandate?
- Macquarie, Westpac to testify in KPMG Australia audit scandal probe
- Is Macquarie Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
- FIBRA Macquarie México Reports Second Quarter 2026 Results
Peer Group
Capital Markets · 453 stocks
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.
Valuation Multiples vs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Morgan Stanley, a financial holding company, MS | $214.77 | $138.97 | −35% |
| The Goldman Sachs Group GS | $1,034 | $756.89 | −27% |
| The Charles Schwab Corporation SCHW | $110.16 | $66.17 | −40% |
| Robinhood Markets, Inc HOOD | $104.26 | $30.94 | −70% |
| CITIC Securities Company 600030 | ¥27.93 | ¥17.68 | −37% |
| Guotai Haitong Securities Co 601211 | ¥17.87 | ¥18.62 | +4% |
| East Money Information Co 300059 | ¥19.42 | ¥4.77 | −75% |
| CSC Financial Co 601066 | ¥25.78 | ¥14.17 | −45% |
| Huatai Securities Co 601688 | ¥19.56 | ¥19.26 | −2% |
| Nomura Holdings NMR | $10.30 | $9.99 | −3% |
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