Voya Financial Inc (VOYA) Fair Value & Analysis
Financial Services · US · Market cap $8.9B · ISIN US9290891004
What is Voya Financial Inc really worth?
Voya Financial Inc
VOYA · US
A solid business, but trading 68% above our fair value of $62.37.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from $76.48 to $62.37 (−18.4%) since Jul 16, 2026. Share price +4.2% 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 ($94.37). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($50.82 to $94.37) leaves room in how you read the outcome.
- 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 Aug 13, 2026.
How to read this chart
60‑month range $52.15 – $104.86 · fair‑value band $50.82 – $94.37 · the $104.86 price screens above the $62.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Voya Financial Inc (VOYA) currently trades at $104.86, while our model-based Fair Value estimate is $62.37, implying the stock looks roughly 68.1% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 19 models at a data quality of 93/100, which puts the evidence level at high.
Over the trailing twelve months, Voya Financial Inc generated revenue of $8.3B at a net margin of 8.2%. Revenue grew 3.1% year over year. It earns a return on equity of 11.9%. Net debt stands at $876M. Fundamentals as of Aug 13, 2026
Our scenario range runs from $50.82 (bear case) to $94.37 (bull case); at $104.86, 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 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −27% fair-value upside, at −41%, VOYA screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $3.25 per share, which is 5.2 % 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 ($46.43) versus Asset-Based ($36.60). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 83
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
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits.
Full company description
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits. The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees. This segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services. This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional clients and individual customers. The Employee Benefits segment offers various insurance products comprising stop loss, group life, group disability, whole and term life, critical illness, accident, and hospital indemnity insurance. This segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors, financial intermediaries, and institutional clients through its direct sales force, consultant channel, intermediary partners, banks, broker-dealers, and independent financial advisers. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was founded in 1975 and is based in New York, New York.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Voya Financial Inc reported revenue of $7.5B in FY2025 versus $3.2B in FY2021, a compound +23.2%/yr. Reported net income was $654M in FY2025, compounding −30.9%/yr from FY2021.
VOYA screens 68% overvalued. Compare with ORIX Corporation →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- VOYA Stock Gains 48.8% in 6 Months: What Should Investors Do Now?
- Why Voya Financial (VOYA) Is Back In The Spotlight
- Zacks Industry Outlook Aviva, Reinsurance, Primerica, Voya and Lincoln National
Peer Group
Financial Conglomerates · 55 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 Financial Conglomerates 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 Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $39.73 | $35.47 | −11% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,029 | ₹796.96 | −61% |
| China Galaxy Securities Co 601881 | ¥12.36 | ¥11.34 | −8% |
| Guosen Securities Co 002736 | ¥10.24 | ¥10.84 | +6% |
| CNPC Capital Company 000617 | ¥6.96 | ¥6.99 | +0% |
| Aditya Birla Capital Limited ABCAPITAL | ₹410.95 | ₹119.98 | −71% |
| Freedom Holding FRHC | $171.87 | $31.31 | −82% |
| Storebrand ASA STB | kr 200.40 | kr 46.42 | −77% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.65 | ¥5.62 | −27% |
| Bicecorp S.A BICE | 396.11 CLP | 261.70 CLP | −34% |
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