Bandhan Bank Limited

NSEI:BANDHANBNK Stock Report

Market Cap: ₹303.3b

Bandhan Bank Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 BANDHANBNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BANDHANBNK (₹188.3) is trading above our estimate of fair value (₹178.16)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BANDHANBNK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BANDHANBNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
AUBANK AU Small Finance Bank
30.7x24.3%₹470.6b
UJJIVANSFB Ujjivan Small Finance Bank
8.5x10.4%₹105.1b
CSBBANK CSB Bank
11.4xn/a₹64.7b
CAPITALSFB Capital Small Finance Bank
14.8xn/a₹15.9b
BANDHANBNK Bandhan Bank
10.2x18.1%₹303.3b

Price-To-Earnings vs Peers: BANDHANBNK is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BANDHANBNK is good value based on its Price-To-Earnings Ratio (10.2x) compared to the Indian Banks industry average (12.2x).


Price to Earnings Ratio vs Fair Ratio

What is BANDHANBNK'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.

BANDHANBNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: BANDHANBNK is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).


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 BANDHANBNK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹188.30
₹222.76
+18.3%
17.7%₹280.00₹170.00n/a21
Apr ’25₹187.85
₹251.39
+33.8%
12.1%₹295.00₹164.00n/a23
Mar ’25₹199.85
₹256.17
+28.2%
14.0%₹340.00₹164.00n/a23
Feb ’25₹225.65
₹269.09
+19.2%
15.1%₹325.00₹150.00n/a23
Jan ’25₹244.10
₹269.22
+10.3%
15.5%₹325.00₹150.00n/a23
Dec ’24₹226.25
₹268.74
+18.8%
15.5%₹325.00₹150.00n/a23
Nov ’24₹213.50
₹268.74
+25.9%
15.5%₹325.00₹150.00n/a23
Oct ’24₹251.60
₹274.70
+9.2%
15.0%₹330.00₹155.00n/a23
Sep ’24₹235.10
₹274.70
+16.8%
15.0%₹330.00₹155.00n/a23
Aug ’24₹227.80
₹275.64
+21.0%
15.7%₹345.00₹155.00n/a22
Jul ’24₹242.05
₹297.00
+22.7%
16.1%₹370.00₹155.00n/a22
Jun ’24₹268.35
₹296.32
+10.4%
16.0%₹370.00₹155.00n/a22
May ’24₹229.30
₹296.48
+29.3%
18.0%₹370.00₹155.00₹188.3021
Apr ’24₹195.75
₹302.36
+54.5%
16.8%₹370.00₹155.00₹187.8522
Mar ’24₹235.15
₹305.96
+30.1%
16.5%₹370.00₹155.00₹199.8523
Feb ’24₹237.05
₹305.96
+29.1%
16.5%₹370.00₹155.00₹225.6523
Jan ’24₹234.20
₹311.67
+33.1%
17.4%₹390.00₹150.00₹244.1021
Dec ’23₹235.50
₹321.10
+36.3%
18.5%₹425.00₹150.00₹226.2521
Nov ’23₹235.95
₹336.05
+42.4%
18.1%₹460.00₹150.00₹213.5022
Oct ’23₹266.60
₹368.36
+38.2%
16.2%₹460.00₹158.00₹251.6022
Sep ’23₹278.55
₹368.23
+32.2%
16.4%₹460.00₹158.00₹235.1022
Aug ’23₹282.40
₹368.23
+30.4%
16.4%₹460.00₹158.00₹227.8022
Jul ’23₹264.85
₹380.00
+43.5%
17.6%₹460.00₹158.00₹242.0523
Jun ’23₹332.55
₹382.17
+14.9%
17.2%₹460.00₹158.00₹268.3523
May ’23₹334.40
₹346.00
+3.5%
17.5%₹420.00₹148.00₹229.3022

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


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