STATE BANK OF INDIA Valuation
SBIN · Financial Services · Current price ₹1,029.9
Is STATE BANK OF INDIA undervalued?
DocStoX estimates the fair value of STATE BANK OF INDIA at ₹822 per share, versus the current market price of ₹1,030. That puts the stock about -20.2% above our fair-value estimate, which we read as "Expensive". Our confidence in this estimate is low.
How this fair value is calculated
This estimate blends 3 independent methods: Excess-return (book value) (₹671), Relative P/E (₹889), Analyst target (₹1,255). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.
Bear, base and bull scenarios
Our scenarios span ₹671 (bear) to ₹822 (base) to ₹1,255 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.
Valuation multiples
STATE BANK OF INDIA trades at a P/E of 11.4x and a P/B of 1.6x, with a dividend yield of 1.7%. Multiples are most useful compared against the company's own history and its sector peers — see the peer comparison for context.
Understand the ratios
More on STATE BANK OF INDIA
DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.