3 models fit OneMain Holdings Inc. Common Stock and they agree: 3 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Bronze56
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, Graham number, and Dividend discount.
ACCE opinionOneMain Holdings Inc. Common Stock (OMF)
Fair value (3 models)
$72.79
ACCE price target
$63.00
Rating
Undervalued
Horizon
12 months
Fair value published on 10 Oct 2026, 00:00 CEST; previously $52.11 since 2 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 17:04 CEST.
Price used: $55.72 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
23.5% below
+30.6% to fair value
ACCE score
53
out of 100
Analysts
67% buy
15 covering
P/E
8.6x
forward 6.7x
1-year return
-1.1%
Dividend yield
7.37%
OneMain Holdings Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
OneMain Holdings (OMF) makes installment loans, mostly small-dollar personal loans to non-prime borrowers, originated through its branch network across the US and through its own direct-to-consumer channel, and it also sells credit insurance alongside them. The business earns a 23.3% return on equity with a 28.6% operating margin, which is strong for a lender that serves borrowers its competitors often decline, and that margin is the core of the case. Revenue fell 2.7% over the latest period, so the thesis rests on whether credit losses stay contained and the shrinking top line stabilises rather than on any near-term growth. At a trailing P/E of 8.4 and a forward P/E of 6.7, the market is pricing in a meaningful deterioration in credit performance, and the spread between those two multiples implies earnings expected to rise. The 53/100 score and absence from major indices suggest the name is under-followed, which is worth a deeper look at loss provisioning and funding costs before drawing any conclusion.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Revenue and earnings shrinking
Revenue fell 2.7% year on year and earnings fell 5.9%, with a further 1.9% quarter on quarter drop. Growth has turned negative after a 4.8% five-year revenue CAGR.
high
Leverage heavy
Debt to equity sits at 6.67. For a lender that is a thin equity cushion, and any credit deterioration would hit book value quickly.
moderate
Score down sharply in 90 days
The ACCE score dropped 15 points, from 68 to 53, over the last 90 days, with the Momentum sub-score at 47 and the Growth sub-score at 7.
moderate
Stock trades below model fair value
The stock trades 23.5% below the model fair value of $72.79 and 11.6% below the ACCE price target of $63.00. The discount reflects the weaker growth and the leverage above.
AI research notes
AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
The stock trades at 6.6x forward earnings, well below the sector median of 11.9x, a discount on earnings expectations.
Free cash flow over the last twelve months reached $3.1B, and the dividend yield stands at 7.5%.
Ten of fifteen analysts rate the shares Buy or Strong Buy, and their mean price target sits 20.5% above the current price.
Why it could disappoint
Revenue fell 2.7% year over year, against a five-year average growth rate of 4.8% per year.
Debt to equity of 6.67 leaves the balance sheet heavily leveraged, which matters if consumer credit losses rise.
Return on invested capital of 2.5% is far below the 23.3% return on equity, suggesting the high equity returns depend on leverage.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 30, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where OMF's valuation models land
Price
$55.72
Model fair value
$72.79
Model range
$66.17 to $80.01
Fair value $72.79
Price $55.72
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
Graham number
P/E comparison
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Quality
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