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

4/6

Valuation Score 4/6

  • 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 (₹240.59) is trading below our estimate of fair value (₹279.89)

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 Ratio6.2x
Earnings₹200.04b
Market Cap₹1.24t

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 Average13.2x
PNB Punjab National Bank
8x9.0%₹1.2t
IOB Indian Overseas Bank
33.4xn/a₹990.5b
UNIONBANK Union Bank of India
5.8x5.0%₹891.5b
CANBK Canara Bank
5.6x6.3%₹903.5b
BANKBARODA Bank of Baroda
6.2x2.6%₹1.2t

Price-To-Earnings vs Peers: BANKBARODA is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (13.2x).

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 6.2xIndustry Avg. 9.9xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BANKBARODA is good value based on its Price-To-Earnings Ratio (6.2x) compared to the Indian Banks industry average (9.9x).

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 Ratio6.2x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: BANKBARODA is good value based on its Price-To-Earnings Ratio (6.2x) 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₹240.59
₹287.84
+19.6%
9.8%₹325.00₹190.00n/a32
Dec ’25₹246.40
₹287.84
+16.8%
9.8%₹325.00₹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₹180.00₹246.4029
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bank of Baroda Limited is covered by 75 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pankaj AgarwalAmbit Capital
Yuvraj ChoudharyAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.