State Bank of IndiaSBKFF 66 Return-on-Tangible-Equity is 13.78% as of Mar. 2026, which is 33% above its 10-year median of 10.40. GuruFocus rates SBKFF with a GF Score™ of 66/100 and a GF Value™ of $86.35 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,523 Banks companies, State Bank of India ranks better than 76.69% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. State Bank of India's annualized net income for the quarter that ended in Mar. 2026 was $8,465 Mil. State Bank of India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $61,413 Mil. Therefore, State Bank of India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.78%.
The historical rank and industry rank for State Bank of India's Return-on-Tangible-Equity or its related term are showing as below:
SBKFF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.04 Med: 10.4 Max: 17.4
Current: 15.44
During the past 13 years, State Bank of India's highest Return-on-Tangible-Equity was 17.40%. The lowest was -2.04%. And the median was 10.40%.
SBKFF's Return-on-Tangible-Equity is ranked better than 76.69% of 1523
companies
in the Banks industry
Industry Median: 11.19
vs SBKFF: 15.44
State Bank of India (OTCPK:SBKFF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
State Bank of India Return-on-Tangible-Equity Related Terms
State Bank of India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for State Bank of India's Return-on-Tangible-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.
State Bank of India Return-on-Tangible-Equity Chart
SBKFF vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, State Bank of India's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, State Bank of India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where State Bank of India's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.78% mean?
State Bank of India (SBKFF) has a Return-on-Tangible-Equity of 13.78% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on State Bank of India and its competitors. This is 33% above median its historical median of 10.40. According to the industry distribution chart, State Bank of India ranks #355 out of 1523 companies in the Banks industry, placing it in the top 23.3%.
Is State Bank of India's Return-on-Tangible-Equity too high?
State Bank of India's current Return-on-Tangible-Equity of 13.78% is 33% above median its 10-year median of 10.40. The Banks industry median Return-on-Tangible-Equity is 11.19. State Bank of India's value of 13.78% is 23.1% above this industry median. Based on the distribution chart, State Bank of India ranks #355 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, State Bank of India has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does State Bank of India's Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, State Bank of India ranks #355 out of 1523 companies for Return-on-Tangible-Equity. This places State Bank of India in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.19. State Bank of India's value of 13.78% is 23.1% above this benchmark. While the company's 10-year median is 10.40 vs. the industry median of 11.19, 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 Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.19, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. State Bank of India's current Return-on-Tangible-Equity of 13.78% is 23.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on State Bank of India and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Bank of India's current Return-on-Tangible-Equity is 13.78%, which is 33% above median its own 10-year median of 10.40. 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 (SBKFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $86.35, compared to a current price of $107.42 — trading 24.4% above its estimated fair value. The current Return-on-Tangible-Equity is 13.78%, which is 33% above median its 10-year median of 10.40 and 23.1% above the Banks industry median of 11.19. State Bank of India's overall GF Score™ is 66/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For State Bank of India (SBKFF), the current Return-on-Tangible-Equity is 13.78% as of Mar. 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 (SBKFF) Overvalued in 2026?
Based on GuruFocus' analysis, State Bank of India stock appears to be overvalued.
The current stock price of $107.42 is trading 24.4% above its estimated GF Value™ of $86.35.
GuruFocus considers State Bank of India to be Modestly Overvalued.
Key valuation signals for SBKFF:
Return-on-Tangible-Equity: 13.78% (33% above median its 10-year median of 10.40)
GF Value™: $86.35 vs. price of $107.42 (24.4% above fair value)
Industry Position: 23.1% above the Banks median (#355 of 1523)
No single metric tells the full story. See the SBKFF 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.
66GF Score
Get the complete analysis for SBKFF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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