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 9,669,072 - -
Change - 6.12% 43.65% 2.55% 31.3% 6.95% - -
Enterprise Value (EV) 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 9,669,072 9,669,072 9,669,072
Change - 6.12% 43.65% 2.55% 31.3% 6.95% 0% 0%
P/E 13.9x 9.3x 11x 9.71x 11.2x 11.1x 10x 8.95x
PBR 1.57x 1.43x 1.78x 1.56x 1.66x 1.62x 1.43x 1.27x
PEG - 0.2x 0.5x 0.6x 1.1x 1.49x 0.9x 0.8x
Capitalization / Revenue 2.73x 2.58x 3.17x 3.01x 3.74x 3.56x 3.17x 2.84x
EV / Revenue 0x 0x 0x 0x 0x 3.56x 3.17x 2.84x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.99x 6.13x 5.44x
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% 1.75% 1.9% 2.05%
EPS 2 35.49 56.29 68.44 79.44 87.59 94.13 104.7 117
Distribution rate 20% 20.1% 20% 20% 19.8% 19.5% 19% 18.3%
Net sales 1 1,612,715 1,814,561 2,115,580 2,286,482 2,419,708 2,719,077 3,050,126 3,406,934
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 1 316,760 502,324 610,766 709,006 800,320 871,344 966,457 1,079,887
Net Debt - - - - - - - -
Reference price 2 493.55 523.75 752.35 771.50 979.40 1,047.50 1,047.50 1,047.50
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.($)
14.15x - - 1.76% 951B
13.32x - - 1.91% 436B
6.28x - - 5.01% 397B
12.67x - - 4.12% 355B
5.98x - - 5.17% 314B
17.7x - - 2.39% 283B
6.28x - - 5.11% 279B
11.87x - - 2.2% 262B
14.73x - - 2.69% 257B
Average 11.44x 3.38% 392.74B
Weighted average by Cap. 11.82x 3.1%

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. SID Stock
  5. Valuation State Bank of India