Sector landing page
Banking valuations
Banks use a P/B + Residual Income engine instead of DCF (FCF is not meaningful for a leveraged balance-sheet business). Private banks and PSU banks share the engine but sit in separate canonical sectors with different verdict thresholds. See each bank's analysis page for the residual-income disclosure and the implied long-run ROE.
Tickers
Median MoS
across 12 stocks
Median score
across 12 stocks
Median ROE
across 12 stocks
Verdict distribution
Undervalued
Fairly valued
Overvalued
Cohort constituents
| ICICIBANK | 81 | 13.4 | Fairly valued |
| BANKBARODA | 70 | 12.3 | Fairly valued |
| PNB | 65 | 20.1 | Fairly valued |
| IDFCFIRSTB | 65 | -23.9 | Fairly valued |
| FEDERALBNK | 64 | -7.4 | Fairly valued |
| KOTAKBANK | 50 | 35.5 | Fairly valued |
| CANBK | 50 | 31.8 | Fairly valued |
| AUBANK | 50 | -34.3 | Overvalued |
| SBIN | 43 | -24.3 | Fairly valued |
| HDFCBANK | 40 | 93.6 | data_limited |
| AXISBANK | 40 | 53.1 | Undervalued |
| INDUSINDBK | 12 | -63.7 | Overvalued |