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State Bank of IndiaFRA:SID +1.04%63 Debt-to-Equity is 1.32 as of Jun. 2026, which is at its 10-year median of 1.32. GuruFocus rates FRA:SID with a GF Score™ of 63/100 and a GF Value™ of €79.43 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,419 Banks companies, State Bank of India ranks worse than 74.91% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for State Bank of India's Debt-to-Equity or its related term are showing as below:
FRA:SID'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 1.32 Max: 1.72
Current: 1.32
During the past 13 years, the highest Debt-to-Equity Ratio of State Bank of India was 1.72. The lowest was 1.05. And the median was 1.32.
FRA:SID's Debt-to-Equity is ranked worse than 74.91% of 1419
companies
in the Banks industry
Industry Median: 0.59
vs FRA:SID: 1.32
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
State Bank of India Debt-to-Equity Related Terms
State Bank of India Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for State Bank of India's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, State Bank of India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
State Bank of India Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, State Bank of India's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where State Bank of India's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
State Bank of India (FRA:SID) has a Debt-to-Equity of 1.32 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on State Bank of India and its competitors. This is near median its historical median of 1.32. Over the past decade, State Bank of India's Debt-to-Equity has ranged from 1.05 to 1.72. According to the industry distribution chart, State Bank of India ranks #1063 out of 1419 companies in the Banks industry, placing it in the top 74.9%.
Is State Bank of India's Debt-to-Equity too high?
State Bank of India's current Debt-to-Equity of 1.32 is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 1.72. The Banks industry median Debt-to-Equity is 0.59. State Bank of India's value of 1.32 is 123.7% above this industry median. Based on the distribution chart, State Bank of India ranks #1063 out of 1419 companies in the Banks industry, which is below the industry midpoint. Overall, State Bank of India has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does State Bank of India's Debt-to-Equity compare to PNC?
According to the Banks industry distribution chart, State Bank of India ranks #1063 out of 1419 companies for Debt-to-Equity. This places State Bank of India in the lower half of its industry. The industry median Debt-to-Equity is 0.59. State Bank of India's value of 1.32 is 123.7% above this benchmark. Historically, State Bank of India's own Debt-to-Equity has ranged from 1.05 to 1.72 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 0.59, State Bank of India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.59, based on 1,419 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. State Bank of India's current Debt-to-Equity of 1.32 is 123.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on State Bank of India and its competitors. For the Banks industry, the median Debt-to-Equity is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Bank of India's current Debt-to-Equity is 1.32, which is near median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Bank of India stock overvalued right now?
Based on GuruFocus' analysis, State Bank of India (FRA:SID) is currently considered Modestly Overvalued. The stock's GF Value™ is €79.43, compared to a current price of €97.50 — trading 22.7% above its estimated fair value. The current Debt-to-Equity is 1.32, which is near median its 10-year median of 1.32 and 123.7% above the Banks industry median of 0.59. State Bank of India's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For State Bank of India (FRA:SID), the current Debt-to-Equity is 1.32 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is State Bank of India (FRA:SID) Overvalued in 2026?
Based on GuruFocus' analysis, State Bank of India stock appears to be overvalued.
The current stock price of €97.50 is trading 22.7% above its estimated GF Value™ of €79.43.
GuruFocus considers State Bank of India to be Modestly Overvalued.
Key valuation signals for FRA:SID:
Debt-to-Equity: 1.32 (near median its 10-year median of 1.32)
GF Value™: €79.43 vs. price of €97.50 (22.7% above fair value)
Industry Position: 123.7% above the Banks median (#1063 of 1419)
No single metric tells the full story. See the FRA:SID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
State Bank of India is a bank in India. The bank's business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, the Company derives a majority of its revenue from India, It also operates in Foreign Countries.
63GF Score
Get the complete analysis for FRA:SID
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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