Banks · NSE: SBIN
Intrynsic's multi-model valuation estimates State Bank of India's fair value at ₹1,006 per share (range ₹876–₹1,006) against a market price of ₹959 (close of 23 Oct 2026): the estimate is close to the price. Estimate updated 23 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹959
close of 23 Oct 2026
Est. fair value
₹1,006
₹876–₹1,006
Estimate vs price
+5.0%
estimate above price
Near fair-value est.
State Bank of India is the country's largest bank, majority-owned by the government, serving over 40 crore customers. It dominates rural and corporate banking and owns valuable insurance and asset-management arms.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 13.6%/yr and profit grew 14.5%/yr. Over 9 years, revenue grew 9.3%/yr.
Every ₹100 of shareholder money earned ₹14.5 in profit last year, vs a sector median of 12.2%.
Borrowing is core to a lender's business model — judge it on profitability and consistency instead.
The market price is close to our estimated fair value (based on stated assumptions).
Returns on equity varied by about 1.7 percentage points over the last 5 years — steady.
Intrynsic's multi-model valuation estimates State Bank of India's fair value at ₹1,006 per share (range ₹876–₹1,006), last updated 23 October 2026. This is an estimate based on stated assumptions, not investment advice.
State Bank of India trades at ₹959 against Intrynsic's estimated fair value of ₹1,006 - the market price is 5% below the estimate, i.e. close to our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
State Bank of India trades at about 10.6 times its latest annual earnings per share.
State Bank of India is the country's largest bank, majority-owned by the government, serving over 40 crore customers. It dominates rural and corporate banking and owns valuable insurance and asset-management arms.
Intrynsic runs 3 valuation models for State Bank of India (P/B + Excess Return, DDM, Bank FCFE DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions- they are not investment advice, research recommendations, or an offer to transact in any security. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy