Axis Bank Limited

NSEI:AXISBANK Stock Report

Market Cap: ₹3.5t

Axis Bank Valuation

Is AXISBANK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AXISBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXISBANK (₹1142.4) is trading above our estimate of fair value (₹815.28)

Significantly Below Fair Value: AXISBANK is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXISBANK?

Key metric: As AXISBANK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AXISBANK. This is calculated by dividing AXISBANK's market cap by their current earnings.
What is AXISBANK's PE Ratio?
PE Ratio12.7x
Earnings₹279.28b
Market Cap₹3.54t

Price to Earnings Ratio vs Peers

How does AXISBANK's PE Ratio compare to its peers?

The above table shows the PE ratio for AXISBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
500247 Kotak Mahindra Bank
15.9x-6.7%₹3.5t
SBIN State Bank of India
10.2x5.8%₹7.3t
ICICIBANK ICICI Bank
19x8.5%₹9.0t
BANKBARODA Bank of Baroda
6.1x2.6%₹1.2t
AXISBANK Axis Bank
12.7x8.6%₹3.5t

Price-To-Earnings vs Peers: AXISBANK is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does AXISBANK's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
AXISBANK 12.7xIndustry Avg. 9.8xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXISBANK is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the Indian Banks industry average (9.8x).

Price to Earnings Ratio vs Fair Ratio

What is AXISBANK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AXISBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: AXISBANK is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AXISBANK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,142.40
₹1,357.12
+18.8%
7.0%₹1,590.00₹1,107.00n/a43
Nov ’25₹1,169.55
₹1,356.35
+16.0%
6.9%₹1,550.00₹1,107.00n/a43
Oct ’25₹1,226.65
₹1,367.81
+11.5%
6.9%₹1,550.00₹1,107.00n/a43
Sep ’25₹1,175.25
₹1,364.77
+16.1%
6.6%₹1,530.00₹1,107.00n/a43
Aug ’25₹1,172.30
₹1,364.02
+16.4%
6.8%₹1,530.00₹1,107.00n/a43
Jul ’25₹1,261.90
₹1,310.45
+3.8%
6.3%₹1,500.00₹1,107.00n/a42
Jun ’25₹1,162.15
₹1,295.90
+11.5%
6.3%₹1,460.00₹1,095.00n/a42
May ’25₹1,165.90
₹1,290.17
+10.7%
6.1%₹1,450.00₹1,095.00n/a42
Apr ’25₹1,053.10
₹1,273.43
+20.9%
6.7%₹1,450.00₹1,095.00n/a42
Mar ’25₹1,099.25
₹1,277.76
+16.2%
6.4%₹1,450.00₹1,095.00n/a41
Feb ’25₹1,084.25
₹1,278.68
+17.9%
6.4%₹1,450.00₹1,095.00n/a41
Jan ’25₹1,097.70
₹1,186.70
+8.1%
7.4%₹1,450.00₹980.00n/a40
Dec ’24₹1,104.65
₹1,177.33
+6.6%
6.7%₹1,406.00₹980.00n/a40
Nov ’24₹971.80
₹1,164.70
+19.8%
6.6%₹1,406.00₹980.00₹1,169.5540
Oct ’24₹1,036.70
₹1,138.42
+9.8%
6.8%₹1,349.00₹980.00₹1,226.6538
Sep ’24₹991.15
₹1,135.39
+14.6%
6.5%₹1,349.00₹980.00₹1,175.2538
Aug ’24₹959.90
₹1,135.90
+18.3%
6.5%₹1,349.00₹980.00₹1,172.3039
Jul ’24₹987.45
₹1,108.63
+12.3%
6.5%₹1,275.00₹924.00₹1,261.9038
Jun ’24₹919.70
₹1,101.13
+19.7%
6.1%₹1,225.00₹924.00₹1,162.1538
May ’24₹860.00
₹1,099.56
+27.9%
6.1%₹1,225.00₹924.00₹1,165.9039
Apr ’24₹858.50
₹1,109.13
+29.2%
6.5%₹1,250.00₹924.00₹1,053.1039
Mar ’24₹865.15
₹1,108.18
+28.1%
7.6%₹1,250.00₹790.00₹1,099.2538
Feb ’24₹857.25
₹1,115.41
+30.1%
8.2%₹1,300.00₹790.00₹1,084.2537
Jan ’24₹933.75
₹1,060.69
+13.6%
7.9%₹1,205.00₹790.00₹1,097.7035
Dec ’23₹903.85
₹1,058.11
+17.1%
7.8%₹1,205.00₹790.00₹1,104.6535
Nov ’23₹871.75
₹1,035.65
+18.8%
9.3%₹1,205.00₹790.00₹971.8037

Analyst Forecast: Target price is less than 20% higher than the current share price.

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