STATE BANK OF INDIA
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The Current P/E Ratio of STATE BANK OF INDIA is 11.05.
Share Price | ₹801.4 | Apr 26,2024 |
Market Cap | ₹715,217.4 Cr | |
Earnings-TTM | ₹64,745.0 Cr | TTM-Consolidated Results |
Price/Earnings | 11.05x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of STATE BANK OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹715,217.4 Cr] as on Apr 26,2024
(/) Earnings [ ₹64,745.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 11.05x ]
Thus, for STATE BANK OF INDIA, the investors are currently willing to pay 11.05 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of STATE BANK OF INDIA!
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of STATE BANK OF INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of STATE BANK OF INDIA
PE Ratio Performance Analysis for STATE BANK OF INDIA
- STATE BANK OF INDIA's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 33.75x.
- STATE BANK OF INDIA's operated at median p/e ratio of 12.45x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, STATE BANK OF INDIA's p/e ratio peaked in Mar2019 at 124.5x.
- STATE BANK OF INDIA's p/e ratio hit its five-year low in Mar2023 of 8.4x.
How does STATE BANK OF INDIA's P/E Ratio benchmark against top 10 peers in Bank - Public Industry?
Peer Comparison (Bank - Public Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
STATE BANK OF INDIA | 64,745.00 | 11.05 | 715,217.4 |
PUNJAB NATIONAL BANK | 6,969.14 | 21.56 | 150,245.0 |
BANK OF BARODA | 18,503.80 | 7.49 | 138,670.0 |
UNION BANK OF INDIA | 13,197.70 | 8.73 | 115,153.0 |
INDIAN OVERSEAS BANK | 2,510.97 | 50.26 | 126,192.0 |
CANARA BANK | 14,222.00 | 7.88 | 112,032.0 |
INDIAN BANK | 7,330.86 | 9.68 | 70,931.1 |
BANK OF INDIA | 6,273.71 | 10.91 | 68,426.6 |
UCO BANK | 1,709.22 | 39.89 | 68,184.8 |
CENTRAL BANK OF INDIA | 2,339.22 | 24.46 | 57,224.8 |
BANK OF MAHARASHTRA | 4,055.84 | 11.81 | 47,884.2 |
Bank - Public Industry Benchmark (Top 10) PE Analysis vs STATE BANK OF INDIA's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 7.49x |
Max industry PE | 50.26x |
Median industry PE | 11.05x |
Average industry PE | 18.52x |
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