State Bank of India (SBIN) Stock Analyst Review May 2026
- May 15, 2026
- Posted by: Neeraj Pandey
- Category: News
This State Bank of India analyst review for May 2026 examines SBIN at Rs 975. State Bank of India (NSE: SBIN) is India’s largest public sector bank with assets exceeding Rs 65 lakh crore and a market capitalisation of Rs 9,40,877 crore. The 39-analyst consensus target of Rs 1,199 implies over 23 percent upside with 33 Buy ratings, making this State Bank of India analyst review one of the most broadly supported large-cap calls.
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State Bank of India Company Snapshot May 2026
This State Bank of India analyst review is based on live market data as of May 2026, incorporating the latest quarterly results and analyst consensus targets for State Bank of India (NSE: SBIN), one of India’s largest companies in the PSU Banking sector.
| Parameter | Value |
|---|---|
| NSE Ticker | SBIN |
| Sector | PSU Banking |
| CMP (May 2026) | Rs 975 |
| 52 Week High | Rs 1,234.70 |
| 52 Week Low | Rs 755.50 |
| Market Cap | Rs 9,40,877 Crore |
| Trailing P/E | 11.24x |
| Analyst Consensus Target | Rs 1,199 |
| Bull Case Target | Rs 1,300 |
| Bear Case Target | Rs 700 |
Latest Results and Business Performance
SBI delivered Q3 FY26 PAT of Rs 16,890 crore, growing 84 percent YoY driven by lower provisions and strong NII growth. ROE stands above 17 percent, the highest in the PSU banking sector. GNPA has declined below 2.5 percent, confirming the NPA clean-up decade is complete. This State Bank of India analyst review notes that FY26 quarterly PAT is on track to sustain above Rs 20,000 crore in FY27, supported by loan book growth at 14 to 15 percent YoY and YONO digital platform scale-up.
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Segment and Business Analysis in This State Bank of India Analyst Review
Retail and MSME Lending
Retail and MSME loan book grows at 14 to 15 percent YoY, with YONO digital lending driving lower cost-of-acquisition. This State Bank of India analyst review identifies YONO as a structural margin improvement driver.
Corporate and Institutional Banking
Corporate banking benefits from India’s infrastructure capex cycle. The Union Budget 2026-27 capex allocation and PLI scheme-linked corporate lending are positive tailwinds per this State Bank of India analyst review.
YONO Digital Platform
YONO has over 80 million registered users, cross-selling insurance, mutual funds, and government scheme disbursals. It is a fee income diversification lever highlighted in this State Bank of India analyst review.
Valuation and Analyst Price Targets
At Rs 975, SBIN trades at 11.24x P/E and approximately 1.1x Price-to-Book, well below private sector peers. The 39-analyst consensus target of Rs 1,199 implies 23 percent upside. This State Bank of India analyst review notes that re-rating toward 1.5x Price-to-Book, justified by ROE above 17 percent, would take SBI toward the Rs 1,300 to 1,400 bull case zone.
| Scenario | Target Price |
|---|---|
| Bull Case | Rs 1,300 |
| Base Case (Consensus) | Rs 1,199 |
| Bear Case | Rs 700 |
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Key Catalysts for State Bank of India in FY27
Key catalysts in this State Bank of India analyst review include sustained ROE above 17 percent reinforcing the re-rating case, GNPA declining below 2 percent, YONO-driven fee income growth, RBI rate cuts stimulating retail loan demand, and the government infrastructure capex cycle driving corporate loan book growth.
Key Risks in This State Bank of India Analyst Review
Key risks in this State Bank of India analyst review include macro-driven credit cost reversal from unsecured retail or MSME stress, potential government directive lending at below-market rates compressing NIM, FII selling given SBI’s high index weight, and state election-driven wage revision impacting opex.
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Conclusion: State Bank of India Analyst Review Verdict
This State Bank of India analyst review concludes that at Rs 975, SBIN offers compelling value with ROE above 17 percent, clean asset quality, and deeply discounted multiples versus private peers. The 39-analyst consensus target of Rs 1,199 with 33 Buy ratings makes this one of the most broadly supported calls in this State Bank of India analyst review. Always consult a SEBI-registered financial advisor before making any investment decisions.
Frequently Asked Questions on State Bank of India Analyst Review 2026
What is the analyst target for SBI in 2026?
The 39-analyst consensus target is Rs 1,199, with a high estimate of Rs 1,300. This State Bank of India analyst review notes 33 of 39 analysts carry a Buy rating as of May 2026.
What is SBI’s current ROE?
SBI’s ROE stands above 17 percent, the highest in the PSU banking sector. This is the central re-rating catalyst in this State Bank of India analyst review.
Is SBI a good buy in 2026?
At 11.24x P/E and approximately 1.1x Price-to-Book, this State Bank of India analyst review offers compelling value for long-term investors. Consult a SEBI-registered advisor before investing.
What is SBI’s 52-week range?
The 52-week high is Rs 1,234.70 and the 52-week low is Rs 755.50. At Rs 975, SBIN is 21 percent below its peak per this State Bank of India analyst review.
What is the YONO platform and its significance?
YONO is SBI’s digital banking super-app with over 80 million users. It drives lower-cost digital lending and cross-selling fee income, as highlighted in this State Bank of India analyst review.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.
