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State Bank of India Valuation Multiples
Discover revenue and EBITDA valuation multiples for State Bank of India and similar public comparables like Bank of Montreal, ICICI Bank, Mizuho Financial Group, Itaú and more.
State Bank of India Overview
About State Bank of India
State Bank of India is a bank in India. The bank's business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, it derives a majority of its revenue from India, It also operates in Foreign Countries.
Founded
1955
HQ
Employees
236.2K
Website
Sectors
Financials (LTM)
EV
$182B
State Bank of India Financials
State Bank of India reported last 12-month revenue of $27B.
In the same LTM period, State Bank of India generated $9B in net income.
Revenue (LTM)
State Bank of India P&L
In the most recent fiscal year, State Bank of India reported revenue of $38B and net income of $8B.
State Bank of India expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $27B | XXX | $38B | XXX | XXX | XXX |
| EBIT Margin | 50% | XXX | 35% | XXX | XXX | XXX |
| Net Profit | $9B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 32% | XXX | 22% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
State Bank of India Stock Performance
State Bank of India has current market cap of $108B, and enterprise value of $182B.
Market Cap Evolution
State Bank of India's stock price is $11.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $182B | $108B | 0.5% | XXX | XXX | XXX | $0.91 |
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Start Free TrialState Bank of India Valuation Multiples
State Bank of India trades at 6.8x EV/Revenue multiple.
EV / Revenue (LTM)
State Bank of India Financial Valuation Multiples
As of April 20, 2026, State Bank of India has market cap of $108B and EV of $182B.
Equity research analysts estimate State Bank of India's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
State Bank of India has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $108B | XXX | $108B | XXX | XXX | XXX |
| EV (current) | $182B | XXX | $182B | XXX | XXX | XXX |
| EV/Revenue | 6.8x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 13.5x | XXX | 13.9x | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 12.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 39.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified State Bank of India Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
State Bank of India Margins & Growth Rates
State Bank of India's revenue in the last 12 month grew by 11%.
State Bank of India's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
State Bank of India Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | (29%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | 49% | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
State Bank of India Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| State Bank of India | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Montreal | XXX | XXX | XXX | XXX | XXX | XXX |
| ICICI Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Mizuho Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Itaú | XXX | XXX | XXX | XXX | XXX | XXX |
| Canadian Imperial Bank of Commerce | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
State Bank of India M&A Activity
State Bank of India acquired XXX companies to date.
Last acquisition by State Bank of India was on XXXXXXXX, XXXXX. State Bank of India acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by State Bank of India
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialState Bank of India Investment Activity
State Bank of India invested in XXX companies to date.
State Bank of India made its latest investment on XXXXXXXX, XXXXX. State Bank of India invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by State Bank of India
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout State Bank of India
| When was State Bank of India founded? | State Bank of India was founded in 1955. |
| Where is State Bank of India headquartered? | State Bank of India is headquartered in India. |
| How many employees does State Bank of India have? | As of today, State Bank of India has over 236K employees. |
| Is State Bank of India publicly listed? | Yes, State Bank of India is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of State Bank of India? | State Bank of India trades under SBIN ticker. |
| When did State Bank of India go public? | State Bank of India went public in 1995. |
| Who are competitors of State Bank of India? | State Bank of India main competitors are Bank of Montreal, ICICI Bank, Mizuho Financial Group, Itaú. |
| What is the current market cap of State Bank of India? | State Bank of India's current market cap is $108B. |
| What is the current revenue of State Bank of India? | State Bank of India's last 12 months revenue is $27B. |
| What is the current revenue growth of State Bank of India? | State Bank of India revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of State Bank of India? | Current revenue multiple of State Bank of India is 6.8x. |
| Is State Bank of India profitable? | Yes, State Bank of India is net-income-positive (as of the last 12 months). |
| What is the current net income of State Bank of India? | State Bank of India's last 12 months net income is $9B. |
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