State Bank of India P/B Ratio
State Bank of India (SBIN) P/B ratio is 1.57 (Moderate), book value per share ₹5655.80 vs Banks average P/B of 1.37 — Moderate - Reasonably valued relative to book value. Compare with SBIN stock valuation models to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2025)
Valuation Signal
Sector Context
SBIN P/B Ratio — Valuation Insights & Book Value Analysis
State Bank of India price-to-book ratio interpretation, valuation status and historical context — current P/B 1.57 (Moderate). View SBIN yearly price range for the annual high/low range and current price position.
- Current PB is 893.7% above historical average
- Trading at premium to sector average PB of 1.37
State Bank of India P/B Ratio Historical Trend
SBIN annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see State Bank of India stock price NSE.
SBIN Historical P/B Ratio — Book Value Per Share & Year-End Price
State Bank of India annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 0.17 | ₹5655.8 | ₹982.20 | ₹505,063 | Low |
| 2024 | 0.16 | ₹4821.47 | ₹794.95 | ₹430,557 | Low |
| 2023 | 0.15 | ₹4163.14 | ₹642.05 | ₹371,768 | Low |
| 2022 | 0.17 | ₹3547.55 | ₹613.70 | ₹316,796 | Low |
| 2021 | 0.14 | ₹3193.59 | ₹460.45 | ₹285,188 | Low |
SBIN vs Banks Peers — P/B Ratio Comparison
State Bank of India P/B 1.57 vs Banks average 1.37, median 1.27 — range 0.78–3.79.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Bank of India | BANKINDIA | 0.78 | ₹66,474 | Low |
| Karnataka Bank | KTKBANK | 0.79 | ₹9,993 | Low |
| Central Bank of India | CENTRALBK | 0.81 | ₹28,304 | Low |
| Suryoday Small Finance B… | SURYODAY | 0.83 | ₹1,717 | Low |
| Punjab National Bank | PNB | 0.83 | ₹122,124 | Low |
| Bank of Baroda | BANKBARODA | 0.83 | ₹140,790 | Low |
| ESAF Small Finance Bank | ESAFSFB | 0.84 | ₹1,494 | Low |
| Capital Small Finance Ba… | CAPITALSFB | 0.87 | ₹1,281 | Low |
| Utkarsh Small Finance Ba… | UTKARSHBNK | 0.88 | ₹2,402 | Low |
| DCB Bank | DCBBANK | 0.93 | ₹5,875 | Low |