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 8,806,932 - -
Change - 6.12% 43.65% 2.55% 31.3% -2.58% - -
Enterprise Value (EV) 4,404,742 4,674,266 6,714,432 6,885,338 9,040,467 8,806,932 8,806,932 8,806,932
Change - 6.12% 43.65% 2.55% 31.3% -2.58% 0% 0%
P/E 13.9x 9.3x 11x 9.71x 11.2x 10.2x 9.1x 8.16x
PBR 1.57x 1.43x 1.78x 1.56x 1.66x 1.47x 1.3x 1.15x
PEG - 0.2x 0.5x 0.6x 1.1x 1.41x 0.8x 0.7x
Capitalization / Revenue 2.73x 2.58x 3.17x 3.01x 3.74x 3.24x 2.88x 2.58x
EV / Revenue 0x 0x 0x 0x 0x 3.24x 2.88x 2.58x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.36x 5.59x 4.95x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 7.1 11.3 13.7 15.9 17.35 18.37 20 21.57
Rate of return 1.44% 2.16% 1.82% 2.06% 1.77% 1.93% 2.1% 2.26%
EPS 2 35.49 56.29 68.44 79.44 87.59 93.92 104.8 116.9
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 2,719,030 3,054,057 3,413,975
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 1 316,760 502,324 610,766 709,006 800,320 869,256 967,475 1,079,184
Net Debt - - - - - - - -
Reference price 2 493.55 523.75 752.35 771.50 979.40 954.10 954.10 954.10
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.($)
13.16x - - 1.91% 886B
6.39x - - 4.86% 418B
11.66x - - 2.22% 376B
6.77x - - 4.68% 357B
11.61x - - 4.49% 325B
6.32x - - 4.88% 336B
6.9x - - 4.61% 304B
17.12x - - 2.46% 270B
14.1x - - 2.79% 256B
Average 10.45x 3.66% 391.96B
Weighted average by Cap. 10.59x 3.43%

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