State Bank of India
Banking · NSE
52-week range
₹741 – ₹1,235
From 52w high
-17.4%
RSI (14)
37.5
vs SMA 50 / 200
↓ 50 · ↑ 200
State Bank of India (SBIN) trades at 1019.3, a trailing PE of 11.2x — the lowest among the 6 Banking peers ranked — and has returned 34.3% over 12 months despite pulling back 17.5% from its 52-week high. Q4 FY26 net profit of 19684 crore grew 5.6% YoY on robust loan volumes, though 5-year earnings CAGR remains negative at -3.1% and the debt trend is rising.
- ✓Lowest trailing PE (11.2x) among ranked Banking peers, with forward PE compressing further to 9.6x, reflecting a significant valuation discount to private-sector counterparts such as HDFC Bank (17.4x) and Bajaj Finance (31.3x).
- ✓12-month price return of 34.3% demonstrates meaningful absolute price appreciation even after the recent pullback from the 52-week high.
- ✓Dividend yield of 1.7% with a declared Q4 FY26 dividend of 17.35 per share provides a cash-return component alongside capital appreciation.
- ✓Analyst coverage is broad: mean rating of 1.44 across 39 analysts on a 1-5 scale (lower = more constructive).
- ✗5-year earnings CAGR of -3.1% shows that absolute profitability has declined over the medium term despite revenue growth of 3.8%, compressing the earnings base.
- ✗FCF-positive years number only 3 out of the observable window, and the debt trend is classified as rising — characteristic of a PSU bank scaling its loan book, but also increasing balance-sheet leverage.
- ✗Price is 6.4% below the 50-DMA at 1088.71, with RSI at 37.49, indicating the stock has underperformed its own short-term trend over the past three months (-4.58%).
- ✗Quality score of 49 out of 100 ranks 3rd of 6 peers, placing SBIN in the middle tier of the Banking group on composite quality metrics.
- ·SBI reported Q4 FY26 net profit of 19684 crore, up 5.6% YoY, beating Bloomberg estimates on loan growth; the bank declared a dividend of 17.35 per share for the fiscal year.
- ·Management acknowledged in post-results commentary (Reuters, May 8) that a prolonged India-Pakistan military conflict could negatively affect credit quality, flagging it as a risk to the near-term outlook.
- ·An SBI-led government panel has been constituted to assess risks from the Mythos AI platform (BusinessLine, April 25), reflecting the bank's expanding role in evaluating systemic technology risks for the Indian financial sector.
- ?Does the 5-year negative earnings CAGR (-3.1%) reflect a structural shift in SBI's profitability model, or is it a function of elevated provisioning cycles that have now normalised?
- ?How does SBI's rising debt trend compare to the loan-book growth trajectory of private-sector peers, and what does that imply for net interest margin sustainability?
- ?Given the 17.5% drawdown from the 52-week high alongside a positive Q4 earnings surprise, what factors are keeping the stock below its recent peak?
- ?How sensitive is SBI's credit-quality portfolio to geopolitical stress events, given management's own disclosure about conflict-related risks in the post-results commentary?
PE
11.2
Forward PE
9.6
ROE
—
Profit margin
+22.5%
D/E
—
Dividend yield
+1.7%
Quality score
49/100
ROE 5y above 15%
3/5 yrs
FCF 5y positive
3/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.