State Bank of India vs Axis Bank: share price, P/E, ROE and financials compared
State Bank of India
Axis Bank
State Bank of India and Axis Bank at a glance
State Bank of India and Axis Bank are both listed in Financial Services. State Bank of India is the larger by market cap, at ₹9.4L Cr against ₹4.1L Cr for Axis Bank (2.3 times as large). On valuation, State Bank of India has the lower P/E (10.4× against 13.8×) and the lower price-to-book (1.40× against 1.78×). On returns and margins, State Bank of India has the higher ROE (14.7% against 13.9%). Over three years, Axis Bank has faster 3-year profit growth (+34.6% against +14.4% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | State Bank of IndiaSBIN | Axis BankAXISBANK |
|---|---|---|
| Price (₹) | 1,018.50 | 1,322.90 |
| Market cap (₹ Cr) | 9,40,138 | 4,11,985 |
| P/E | 10.4× (the lower figure, shaded) | 13.8× |
| P/B | 1.40× (the lower figure, shaded) | 1.78× |
| Dividend yield, trailing | 1.70% (the higher figure, shaded) | 0.08% |
| ROE | 14.7% (the higher figure, shaded) | 13.9% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 23.0% | 37.0% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +14.4% | +34.6% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 29,950 |
| 1Y return | +5.1% (the higher figure, shaded) | +4.4% |
| Promoter holding | – | 7.86% |
State Bank of India vs Axis Bank: common questions
Which is bigger, State Bank of India or Axis Bank?
By market cap, State Bank of India is bigger at ₹9.4L Cr, against ₹4.1L Cr for Axis Bank (prices as of 6 Nov 2026).
Which has a lower P/E ratio, State Bank of India or Axis Bank?
State Bank of India trades at a P/E of 10.4× and Axis Bank at 13.8×. State Bank of India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, State Bank of India or Axis Bank?
State Bank of India reports a return on equity of 14.7% and Axis Bank 13.9%. State Bank of India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, State Bank of India or Axis Bank?
Over the last three years: profit grew +14.4% a year at State Bank of India and +34.6% at Axis Bank, so Axis Bank grew profit faster. Past growth doesn’t predict future growth.