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STATE BANK OF INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of STATE BANK OF INDIA is 1.87.

Share Price ₹752.6Mar 28,2024
Market Cap ₹671,665.4 Cr
Book Value₹358,931.0 CrMar2023 - Consolidated Results
Price/Book 1.87xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of STATE BANK OF INDIA

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of STATE BANK OF INDIA is calculated as :

Current Market Cap [ ₹671,665.4 Cr] as on Mar 28,2024

(/) Book Value [ ₹358,931.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.87x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for STATE BANK OF INDIA, the investors are currently willing to pay '1.87 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of STATE BANK OF INDIA!

The chart below summarizes the trend in P/B Ratio of STATE BANK OF INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of STATE BANK OF INDIA


PB Ratio Performance Analysis for STATE BANK OF INDIA

- STATE BANK OF INDIA's latest p/b ratio is 1.87x.

- STATE BANK OF INDIA's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.28x.

- STATE BANK OF INDIA's operated at median p/b ratio of 1.36x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STATE BANK OF INDIA's p/b ratio peaked in Mar2022 at 1.56x.

- STATE BANK OF INDIA's p/b ratio hit its five-year low in Mar2020 of 0.77x.


How does STATE BANK OF INDIA's P/B Ratio benchmark against top 10 peers in Bank - Public Industry?

Peer Comparison (Bank - Public Industry)Book ValuePB RatioMarket Cap
STATE BANK OF INDIA358,931.001.87671,665.4
PUNJAB NATIONAL BANK102,880.001.33136,922.0
BANK OF BARODA105,055.001.30136,627.0
UNION BANK OF INDIA78,803.501.49117,138.0
INDIAN OVERSEAS BANK24,876.004.56113,377.0
CANARA BANK78,053.801.35105,419.0
INDIAN BANK49,506.801.4270,129.7
BANK OF INDIA60,432.901.0362,371.6
UCO BANK25,603.702.4462,434.0
CENTRAL BANK OF INDIA29,216.701.7851,894.7
BANK OF MAHARASHTRA15,790.202.7944,109.9

Bank - Public Industry Benchmark (Top 10) PB Analysis vs STATE BANK OF INDIA's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.03x
Max industry PB 4.56x
Median industry PB 1.49x
Average industry PB 1.94x



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