Bank of Baroda Limited

NSEI:BANKBARODA Stock Report

Market Cap: ₹1.2t

Bank of Baroda Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: BANKBARODA (₹228.5) is trading below our estimate of fair value (₹282.55)

Significantly Below Fair Value: BANKBARODA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BANKBARODA. This is calculated by dividing BANKBARODA's market cap by their current earnings.
What is BANKBARODA's PE Ratio?
PE Ratio5.9x
Earnings₹200.04b
Market Cap₹1.18t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BANKBARODA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
PNB Punjab National Bank
7.7x9.0%₹1.2t
IOB Indian Overseas Bank
31.8xn/a₹966.5b
UNIONBANK Union Bank of India
5.7x5.0%₹885.7b
CANBK Canara Bank
5.4x6.3%₹887.2b
BANKBARODA Bank of Baroda
5.9x2.6%₹1.2t

Price-To-Earnings vs Peers: BANKBARODA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (12.6x).

Price to Earnings Ratio vs Industry

How does BANKBARODA'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
BANKBARODA 5.9xIndustry Avg. 9.7xNo. of Companies9PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BANKBARODA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Indian Banks industry average (9.7x).

Price to Earnings Ratio vs Fair Ratio

What is BANKBARODA'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.

BANKBARODA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: BANKBARODA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).

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 BANKBARODA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹228.50
₹288.06
+26.1%
9.9%₹328.00₹190.00n/a32
Nov ’25₹253.70
₹287.29
+13.2%
9.9%₹328.00₹190.00n/a31
Oct ’25₹248.91
₹288.61
+16.0%
10.6%₹340.00₹190.00n/a31
Sep ’25₹250.10
₹289.65
+15.8%
10.4%₹340.00₹190.00n/a31
Aug ’25₹251.25
₹289.65
+15.3%
10.4%₹340.00₹190.00n/a31
Jul ’25₹272.15
₹289.03
+6.2%
10.9%₹340.00₹185.00n/a30
Jun ’25₹264.90
₹286.87
+8.3%
10.6%₹340.00₹180.00n/a30
May ’25₹281.50
₹269.96
-4.1%
10.9%₹315.00₹180.00n/a27
Apr ’25₹266.75
₹269.41
+1.0%
10.8%₹315.00₹180.00n/a27
Mar ’25₹271.15
₹266.39
-1.8%
10.8%₹310.00₹180.00n/a28
Feb ’25₹255.95
₹264.61
+3.4%
10.2%₹300.00₹180.00n/a28
Jan ’25₹233.75
₹230.79
-1.3%
9.2%₹280.00₹180.00n/a28
Dec ’24₹201.85
₹228.34
+13.1%
8.0%₹260.00₹180.00n/a29
Nov ’24₹195.50
₹226.64
+15.9%
8.3%₹260.00₹180.00₹253.7028
Oct ’24₹213.95
₹224.00
+4.7%
8.3%₹260.00₹180.00₹248.9127
Sep ’24₹190.60
₹221.57
+16.2%
8.4%₹260.00₹180.00₹250.1028
Aug ’24₹201.10
₹220.19
+9.5%
9.4%₹260.00₹180.00₹251.2527
Jul ’24₹190.35
₹216.56
+13.8%
8.3%₹245.00₹180.00₹272.1527
Jun ’24₹184.85
₹216.00
+16.9%
8.1%₹240.00₹180.00₹264.9027
May ’24₹187.75
₹203.59
+8.4%
8.2%₹240.00₹160.00₹281.5027
Apr ’24₹168.85
₹204.75
+21.3%
8.2%₹240.00₹160.00₹266.7528
Mar ’24₹164.40
₹200.90
+22.2%
10.8%₹240.00₹140.00₹271.1529
Feb ’24₹154.60
₹191.03
+23.6%
12.0%₹226.00₹140.00₹255.9529
Jan ’24₹185.70
₹182.90
-1.5%
10.8%₹220.00₹140.00₹233.7529
Dec ’23₹171.75
₹178.93
+4.2%
8.7%₹210.00₹140.00₹201.8529
Nov ’23₹147.70
₹147.24
-0.3%
11.9%₹190.00₹105.00₹195.5029

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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