State Bank of India P/B Ratio

Current P/B Ratio
1.72
Moderate Valuation
Moderate - Reasonably valued relative to book value

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

P/B Ratio 1.72
Current Price ₹1015.00
Book Value/Share ₹6661.96
Exchange NSE

Book Value Breakdown (2026)

Balance Sheet Components
Total Equity ₹614,899 Cr
Share Capital ₹923 Cr
Reserves & Surplus ₹595,208 Cr
Outstanding Shares 923,000,000
Book Value per Share ₹6661.96

Valuation Signal

Signal Fairly Valued
Historical Avg 0.16
Historical Range 0.15 - 0.17
Percentile 100.0%

Sector Context

Sector Average 1.47
Sector Median 1.34
Sector Rank #11 of 40
Sector Percentile 27.5%

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.

Sector Average
1.47
Sector Median
1.34
Lowest P/B
0.77
Highest P/B
3.77
Companies
40
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