Company Valuation: State Bank of India

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 9,190,926 - -
Change - 6.12% 43.65% 2.55% 31.3% 1.66% - -
Enterprise Value (EV) 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 9,190,926 9,190,926 9,190,926
Change - 6.12% 43.65% 2.55% 31.3% 1.66% 0% 0%
P/E 13.9x 9.3x 11x 9.71x 11.2x 10.6x 9.54x 8.56x
PBR 1.57x 1.43x 1.78x 1.56x 1.66x 1.53x 1.36x 1.21x
PEG - 0.2x 0.5x 0.6x 1.1x 1.5x 0.8x 0.7x
Capitalization / Revenue 2.73x 2.58x 3.17x 3.01x 3.74x 3.38x 3.01x 2.7x
EV / Revenue 0x 0x 0x 0x 0x 3.38x 3.01x 2.7x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.64x 5.83x 5.17x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 7.1 11.3 13.7 15.9 17.35 18.37 19.94 21.44
Rate of return 1.44% 2.16% 1.82% 2.06% 1.77% 1.84% 2% 2.15%
EPS 2 35.49 56.29 68.44 79.44 87.59 93.78 104.4 116.4
Distribution rate 20% 20.1% 20% 20% 19.8% 19.6% 19.1% 18.4%
Net sales 1 1,612,715 1,814,561 2,115,580 2,286,482 2,419,708 2,719,606 3,051,331 3,407,591
EBITDA - - - - - - - -
EBIT 1 752,924 837,130 937,972 1,105,792 1,184,220 1,384,035 1,576,544 1,778,582
Net income 1 316,760 502,324 610,766 709,006 800,320 868,031 963,251 1,073,839
Net Debt - - - - - - - -
Reference price 2 493.55 523.75 752.35 771.50 979.40 995.70 995.70 995.70
Nbr of stocks (in thousands) 8,924,612 8,924,612 8,924,612 8,924,612 9,230,618 9,230,618 - -
Announcement Date 5/13/22 5/18/23 5/9/24 5/3/25 5/8/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.62x - - 1.84% 96.2B
14.11x - - 1.77% 947B
13.43x - - 1.9% 438B
6.3x - - 4.91% 410B
12.84x - - 4.07% 360B
6.29x - - 4.9% 334B
6.76x - - 4.69% 298B
17.57x - - 2.4% 285B
12.36x - - 2.11% 273B
14.64x - - 2.69% 268B
Average 11.49x 3.13% 370.92B
Weighted average by Cap. 11.83x 3.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. SBIN Stock
  4. Valuation State Bank of India
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