SBI’s 70% rally narrows valuation gap with HDFC Bank, ICICI — buy, hold or book profits?
The Economic Times·2026-02-17 04:28
SBI is currently trading at a price-to-book (P/B) multiple of 2.41, compared with 2.69 for HDFC Bank, 2.92 for ICICI Bank, 2.20 for The P/B multiple is one of the most important valuation metrics for banks because they deal in financial assets & liabilities marked closer to their book value, reflecting the bank's intrinsic worth.Kranthi Bathini, Director–Equity Strategy at Bathini considers SBI fairly valued and maintains it as his preferred pick within the PSU banking space. He expects the stock to contin ...