Affirm Holdings, Inc.

NasdaqGS:AFRM Stock Report

Market Cap: US$22.2b

Affirm Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 AFRM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AFRM ($65.66) is trading above our estimate of fair value ($31.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AFRM. This is calculated by dividing AFRM's market cap by their current earnings.
What is AFRM's PE Ratio?
PE Ratio95.2x
EarningsUS$233.10m
Market CapUS$22.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AFRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30x
TOST Toast
74.9x28.89%US$20.7b
CPAY Corpay
20.8x20.56%US$22.1b
GPN Global Payments
11.8x9.65%US$19.4b
XYZ Block
12.6x0.56%US$39.4b
AFRM Affirm Holdings
93x31.75%US$22.2b

Price-To-Earnings vs Peers: AFRM is expensive based on its Price-To-Earnings Ratio (93x) compared to the peer average (30x).

Price to Earnings Ratio vs Industry

How does AFRM's PE Ratio compare vs other companies in the US Diversified Financial Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PMIR PMI Group
0.09xn/aUS$518.61k
ACGX Alliance Creative Group
1.7xn/aUS$280.41k
No more companies available in this PE range
AFRM 95.2xIndustry Avg. 13.6xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AFRM is expensive based on its Price-To-Earnings Ratio (93x) compared to the US Diversified Financial industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is AFRM'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.

AFRM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio95.2x
Fair PE Ratio30.5x

Price-To-Earnings vs Fair Ratio: AFRM is expensive based on its Price-To-Earnings Ratio (93x) compared to the estimated Fair Price-To-Earnings Ratio (30.5x).

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 AFRM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$67.25
US$92.71
+37.86%
15.44%US$115.00US$53.00n/a24
Dec ’26US$69.07
US$92.83
+34.41%
15.74%US$115.00US$53.00n/a23
Nov ’26US$71.88
US$96.14
+33.75%
10.61%US$115.00US$64.00n/a22
Oct ’26US$74.42
US$95.13
+27.82%
12.77%US$115.00US$64.00n/a20
Sep ’26US$88.46
US$91.48
+3.41%
15.14%US$115.00US$64.00n/a20
Aug ’26US$66.41
US$73.66
+10.91%
10.73%US$90.00US$56.00n/a21
Jul ’26US$67.10
US$68.69
+2.37%
11.73%US$83.00US$56.00n/a22
Jun ’26US$51.90
US$67.82
+30.67%
12.12%US$83.00US$53.00n/a21
May ’26US$49.75
US$68.09
+36.87%
18.34%US$85.00US$45.00n/a21
Apr ’26US$45.51
US$72.55
+59.41%
15.01%US$85.00US$45.00n/a20
Mar ’26US$64.15
US$74.67
+16.40%
15.31%US$90.00US$45.00n/a18
Feb ’26US$61.07
US$66.06
+8.17%
22.05%US$82.00US$26.60n/a19
Jan ’26US$60.90
US$60.67
-0.37%
31.12%US$82.00US$20.00n/a18
Dec ’25US$70.01
US$53.59
-23.45%
28.28%US$75.00US$20.00US$69.0717
Nov ’25US$43.22
US$45.81
+5.99%
25.82%US$68.00US$20.00US$71.8817
Oct ’25US$38.48
US$40.80
+6.02%
30.30%US$65.00US$20.00US$74.4216
Sep ’25US$44.01
US$38.78
-11.87%
30.94%US$65.00US$20.00US$88.4615
Aug ’25US$26.42
US$37.43
+41.67%
31.69%US$65.00US$20.00US$66.4114
Jul ’25US$29.83
US$38.33
+28.51%
30.43%US$65.00US$20.00US$67.1015
Jun ’25US$29.27
US$36.93
+26.18%
33.52%US$65.00US$20.00US$51.9015
May ’25US$32.12
US$37.85
+17.83%
32.09%US$65.00US$20.00US$49.7517
Apr ’25US$34.83
US$38.11
+9.42%
35.42%US$65.00US$13.00US$45.5116
Mar ’25US$38.01
US$38.27
+0.67%
37.77%US$65.00US$13.00US$64.1518
Feb ’25US$39.67
US$31.23
-21.29%
52.11%US$65.00US$6.00US$61.0719
Jan ’25US$49.14
US$28.68
-41.63%
55.81%US$65.00US$6.00US$60.9018
Dec ’24US$37.67
US$22.17
-41.14%
40.51%US$41.00US$6.00US$70.0119
US$92.71
Fair Value
29.2% undervalued intrinsic discount
24
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/15 23:24
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Affirm Holdings, Inc. is covered by 37 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ramsey El-AssalBarclays
Mihir BhatiaBofA Global Research
Vincent CainticBTIG