State Bank of India vs Bank of Baroda: share price, P/E, ROE and financials compared
State Bank of India
Bank of Baroda
State Bank of India and Bank of Baroda at a glance
State Bank of India and Bank of Baroda are both listed in Financial Services. State Bank of India is the larger by market cap, at ₹9.4L Cr against ₹1.3L Cr for Bank of Baroda (7.3 times as large). On valuation, Bank of Baroda has the lower P/E (6.5× against 10.4×) and the lower price-to-book (0.74× against 1.40×). On returns and margins, State Bank of India has the higher ROE (14.7% against 11.9%). Over three years, State Bank of India has faster 3-year profit growth (+14.4% against +10.0% 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 | Bank of BarodaBANKBARODA |
|---|---|---|
| Price (₹) | 1,018.50 | 250.31 |
| Market cap (₹ Cr) | 9,40,138 | 1,29,444 |
| P/E | 10.4× | 6.5× (the lower figure, shaded) |
| P/B | 1.40× | 0.74× (the lower figure, shaded) |
| Dividend yield, trailing | 1.70% | 3.40% (the higher figure, shaded) |
| ROE | 14.7% (the higher figure, shaded) | 11.9% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 23.0% | 28.4% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +14.4% (the higher figure, shaded) | +10.0% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 19,764 |
| 1Y return | +5.1% (the higher figure, shaded) | −13.3% |
| Promoter holding | – | – |
State Bank of India vs Bank of Baroda: common questions
Which is bigger, State Bank of India or Bank of Baroda?
By market cap, State Bank of India is bigger at ₹9.4L Cr, against ₹1.3L Cr for Bank of Baroda (prices as of 6 Nov 2026).
Which has a lower P/E ratio, State Bank of India or Bank of Baroda?
State Bank of India trades at a P/E of 10.4× and Bank of Baroda at 6.5×. Bank of Baroda 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 Bank of Baroda?
State Bank of India reports a return on equity of 14.7% and Bank of Baroda 11.9%. 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 Bank of Baroda?
Over the last three years: profit grew +14.4% a year at State Bank of India and +10.0% at Bank of Baroda, so State Bank of India grew profit faster. Past growth doesn’t predict future growth.