State Bank of India P/B Ratio
State Bank of India (SBIN) P/B ratio is 1.72 (Moderate), book value per share ₹6661.96 vs Banks average P/B of 1.47 — Moderate - Reasonably valued relative to book value. View SBIN yearly price range for the annual high/low range and current price position.
Current Valuation Metrics
Book Value Breakdown (2026)
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 1.72 (Moderate). Review SBIN P/E comparison to evaluate earnings-based valuation against sector peers.
- Current PB is 975.0% above historical average
- Trading at premium to sector average PB of 1.47
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 |
|---|---|---|---|---|---|
| 2026 | 0.15 | ₹6661.96 | ₹1015.00 | ₹614,899 | Low |
| 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 |
SBIN vs Banks Peers — P/B Ratio Comparison
State Bank of India P/B 1.72 vs Banks average 1.47, median 1.34 — range 0.77–3.77.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Bank of Baroda | BANKBARODA | 0.77 | ₹131,792 | Low |
| Central Bank of India | CENTRALBK | 0.78 | ₹28,964 | Low |
| Bank of India | BANKINDIA | 0.8 | ₹66,901 | Low |
| Karnataka Bank | KTKBANK | 0.81 | ₹10,410 | Low |
| Punjab National Bank | PNB | 0.87 | ₹128,445 | Low |
| Suryoday Small Finance B… | SURYODAY | 0.94 | ₹2,024 | Low |
| Capital Small Finance Ba… | CAPITALSFB | 0.95 | ₹1,365 | Low |
| Utkarsh Small Finance Ba… | UTKARSHBNK | 0.96 | ₹2,653 | Low |
| Union Bank of India | UNIONBANK | 0.97 | ₹134,298 | Low |
| DCB Bank | DCBBANK | 0.98 | ₹6,115 | Low |