State Bank of India Share Price Target 2027: What Earnings Say About Rs 1,146 and Rs 1,390
- November 11, 2026
- Posted by: Ankit Jaiswal
- Category: Market
State Bank of India share price Rs 1,068.20 (11 November 2026). Base target Rs 1,146, bull Rs 1,390, downside risk Rs 833. PE 10.22. 52W range Rs 933.90 to Rs 1,234.70.
Quick Answer
The State Bank of India share price target for 2027 is Rs 1,146, about 7.3% above the current price of Rs 1,068.20. The bull case is Rs 1,390, and the downside risk level, which is not a target, is Rs 833. The base case assumes earnings per share grow 10.1% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 10.22. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a State Bank of India target price for 2027 should start with where the stock sits today. At Rs 1,068.20 on 11 November 2026, it is 13.5% below its 52-week high of Rs 1,234.70 and 14.4% above its 52-week low of Rs 933.90. That range spans 32% from low to high, so the entry point matters as much as the State Bank of India price forecast itself.
This article builds the State Bank of India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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State Bank of India Stock Analysis: Company Overview and Key Stats
State Bank of India (NSE: SBIN) has a market capitalisation of Rs 9,61,338 crore. In FY26 it reported revenue of Rs 7,12,644 crore and net profit of Rs 85,168 crore. The table collects the figures the State Bank of India share price target is built on.
| Metric | Value |
|---|---|
| Company | State Bank of India |
| NSE Ticker | SBIN |
| CMP (11 November 2026) | Rs 1,068.20 |
| 52-Week High | Rs 1,234.70 |
| 52-Week Low | Rs 933.90 |
| Market Cap | Rs 9,61,338 crore |
| PE Ratio (TTM) | 10.22 |
| Industry PE | 12.66 |
| Price to Book | 1.51 |
| Return on Equity | 13.36% |
| EPS (TTM) | Rs 101.86 |
| Dividend Yield | 1.67% |
| 12-Month Base Target | Rs 1,146 |
| Bull Case | Rs 1,390 |
| Downside Risk Level (not a target) | Rs 833 |
Why Is State Bank of India Share Price Target Set at Rs 1,146 for 2027?
The arithmetic is short. Trailing EPS of Rs 101.86 grown for one year gives a forward EPS estimate of Rs 112.17, and multiplying it by the unchanged PE of 10.22 gives the Rs 1,146 base-case State Bank of India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the State Bank of India Target Price: Five Years of Results
State Bank of India grew revenue from Rs 4,06,973 crore in FY22 to Rs 7,12,644 crore in FY26, a compound annual growth rate of 15.0%. Net profit grew faster, from Rs 36,356 crore to Rs 85,168 crore (23.7% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 4,06,973.09 | 36,356.17 | 39.64 | 7.10 |
| FY23 | 4,73,378.14 | 56,558.43 | 62.35 | 11.30 |
| FY24 | 5,94,574.90 | 68,138.26 | 75.17 | 13.70 |
| FY25 | 6,63,343.32 | 79,017.15 | 86.91 | 15.90 |
| FY26 | 7,12,643.53 | 85,168.47 | 91.16 | 17.35 |
FY26 revenue growth was 7.4%, slower than the four-year average of 15.0%, and net profit moved up 7.8%. EPS rose from Rs 75.17 in FY24 to Rs 91.16 in FY26. The FY27 outlook for the State Bank of India price target depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
State Bank of India converted 12.0% of FY26 revenue into net profit, against 11.9% in FY25, within a five-year range of 8.9% to 12.0%.
In the September 2026 quarter, revenue was Rs 1,87,756 crore, up 6.7% from the same quarter a year earlier, while net profit of Rs 25,741 crore was up 19.7%. The next quarterly result is the first test of whether the earnings assumption behind the State Bank of India stock target holds.
Balance Sheet and Cash Flow
As a lender, State Bank of India funds its book mainly through deposits and borrowings, so debt to equity is not a meaningful gauge for it. Book value stands at Rs 690.27 per share and the price to book ratio is 1.51, and shareholders’ equity grew from Rs 3,16,795 crore in FY22 to Rs 6,14,899 crore in FY26.
Valuation Check for the State Bank of India Stock Target: PE, Price to Book and ROE
At a PE of 10.22 against an industry PE of 12.66, State Bank of India trades at a discount to its industry. Price to book is 1.51 on a book value of Rs 690.27 per share, and return on equity is 13.36%. A PE of 10.22 equals an earnings yield of 9.8%, and the FY26 dividend of Rs 17.35 per share gives a yield of 1.67%.
Shareholding Pattern and Institutional Holding
Promoters held 55.45% of State Bank of India in September 2026, and promoter holding has stayed near 55.45% since September 2025. Foreign institutional investors (FII) held 11.07% and domestic institutions (DII) held 26.34%, which puts total institutional holding at 37.41%. FII holding rose from 9.57% in September 2025 to 11.07% in September 2026. Public shareholders own the remaining 7.14%. A meaningful institutional holding adds a layer of research coverage and trading depth.
State Bank of India Share Price Targets for the Short Term and 12 Months
Short Term State Bank of India Stock Target Levels: Technical Setup
At Rs 1,068.20 on 11 November 2026, State Bank of India trades above its 50-day simple moving average of Rs 983.84 and above its 200-day exponential moving average of Rs 1,000.63. The 14-day RSI reads 73.2, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,234.70 (52-week high) and the nearest support is Rs 1,000.63 (200-day exponential moving average). A sustained move above Rs 1,234.70 would improve the short-term setup, while a close below Rs 1,000.63 would shift attention to the next support.
12 Month State Bank of India Target Price for 2027
The 12-month target of Rs 1,146 means a move of 7.3% up from Rs 1,068.20 over the next 12 months. It would still leave the stock 7.2% below its 52-week high of Rs 1,234.70. Anyone checking the State Bank of India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the State Bank of India Target Price
| EPS Growth | PE 8.18 | PE 10.22 | PE 11.75 |
|---|---|---|---|
| 0.0% (EPS Rs 101.86) | Rs 833 | Rs 1,041 | Rs 1,197 |
| 10.1% (EPS Rs 112.17) | Rs 918 | Rs 1,146 | Rs 1,318 |
| 16.1% (EPS Rs 118.28) | Rs 968 | Rs 1,209 | Rs 1,390 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the State Bank of India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for State Bank of India Stock Target in 2027
Bull Case Rs 1,390
The bull case State Bank of India price target needs EPS growth of 16.1%, which lifts forward EPS to Rs 118.28, and a PE multiple that rises 15% to 11.75. That gives Rs 1,390, 30.1% above the current price and above the 52-week high of Rs 1,234.70, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 833
The downside risk level is not a target. It assumes EPS stays flat at Rs 101.86 and the PE falls 20% to 8.18. That gives Rs 833, 22.0% below the current price and below the 52-week low of Rs 933.90.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 16.1% | 11.75 | Rs 1,390 | +30.1% |
| Base Case | 10.1% | 10.22 | Rs 1,146 | +7.3% |
| Downside Risk | 0.0% | 8.18 | Rs 833 | -22.0% |
Key Risks to the State Bank of India Target Price for 2027
Growth Slowdown Risk for the State Bank of India Price Target
Revenue in the September 2026 quarter was up 6.7% year on year, and FY26 revenue growth was 7.4%. If growth slows from here, the EPS estimate behind the State Bank of India stock target will need revising.
Liquidity and Size Risk
State Bank of India has a market capitalisation of Rs 9,61,338 crore. Institutional holding is 37.41%, and promoters hold 55.45%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 12.0% in FY26, so a small slip in costs moves profit noticeably. At a PE of 10.22 versus an industry PE of 12.66, a de-rating toward the downside-risk PE of 8.18 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 73.2 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any State Bank of India stock target, however carefully it is built.
How to Invest in State Bank of India
Start with the live price and volume. Any State Bank of India share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 1,068.20 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check State Bank of India’s PE, ROE, debt and shareholding in one place.
Check State Bank of India fundamentals on the Univest Screener
Then compare the three State Bank of India target price scenarios with your own view. If you expect EPS growth below 10.1%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track State Bank of India live price and get daily stock recommendations.
Conclusion
The State Bank of India share price target for 2027 is Rs 1,146 in the base case, with Rs 1,390 as the bull case. The support for that view is arithmetic you can check: EPS grew 10.1% a year over FY24 to FY26, and the stock trades at a PE of 10.22. The risks are equally concrete, including a net margin of just 12.0% that leaves profit sensitive to costs and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework for judging the State Bank of India price target, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on State Bank of India Share Price Target 2027
What is the State Bank of India share price target for 2027?
Ans. The base-case State Bank of India share price target for 2027 is Rs 1,146, which is 7.3% above the price of Rs 1,068.20 on 11 November 2026. The bull case is Rs 1,390 and the downside risk level, which is not a target, is Rs 833. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the State Bank of India share price today?
Ans. As of 11 November 2026, 9:53 AM IST, State Bank of India (NSE: SBIN) trades at Rs 1,068.20, up 2.51% on the day. That is 13.5% below the 52-week high of Rs 1,234.70 and 14.4% above the 52-week low of Rs 933.90. The market capitalisation of Rs 9,61,338 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is State Bank of India a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 10.1% a year over FY24 to FY26 and the base case implies 7.3% upside; on the cautious side, the net margin is a thin 12.0%, and the downside risk level of Rs 833 is 22% below the current price. Whether State Bank of India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for State Bank of India shares?
Ans. The bull case in the State Bank of India share price target for 2027 is Rs 1,390, which assumes 16.1% EPS growth and a PE of 11.75, a 15% re-rating from today’s multiple. That is 30.1% above the current price and above the 52-week high of Rs 1,234.70, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 833, which assumes flat EPS and a PE of 8.18, 20% lower than today. It sits 22.0% below the current price and below the 52-week low of Rs 933.90, and it marks a risk to watch, not a target.
What are the main risks to the State Bank of India price target?
Ans. Four risks matter most for the State Bank of India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 9,61,338 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 8.18 would cut the price even if earnings hold.
What is the PE ratio of State Bank of India and how does it compare with the industry?
Ans. The PE ratio of State Bank of India is 10.22, against an industry PE of 12.66, which is a discount to the industry. Price to book is 1.51 and return on equity is 13.36%, and the PE equals an earnings yield of 9.8%. The base case holds the PE unchanged, so the State Bank of India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns State Bank of India, and what is the promoter holding?
Ans. Promoters held 55.45% of State Bank of India in September 2026. FII held 11.07%, DII held 26.34% and the public held 7.14%. Together the two institutional groups hold 37.41%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were State Bank of India’s latest quarterly results?
Ans. In the September 2026 quarter, State Bank of India reported revenue of Rs 1,87,756 crore (up 6.7% year on year) and net profit of Rs 25,741 crore (up 19.7%). For comparison, FY26 full-year revenue growth was 7.4% and net profit moved up 7.8%. Each new quarter either supports or weakens the EPS growth of 10.1% assumed in the base case.
