Bank of Baroda (BANKBARODA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Bank of Baroda stock ₹323, price ₹250, upside +29.2%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ₹62.86 – ₹314.28 · fair‑value band ₹281.99 – ₹433.11 · the ₹249.67 price screens below the ₹322.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 2, 2026.
Follow Bank of Baroda in your weekly email
Every Wednesday you see whether Bank of Baroda is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Bank of Baroda Limited provides various banking products and services to individuals, government departments, and corporate customers in India and internationally. It operates through Treasury, Wholesale Banking, Retail Banking, and Other Banking Operations segments.
Show moreShow less
The company offers savings, salary, and current accounts; and fixed and recurring deposits.
It also provides loans, including home, vehicle, digital, personal, education, gold, mortgage, and other loans, as well as Baroda Yoddha loans for defense personnel and fintech credit; loans and advances for corporate, agriculture, and micro, small, and medium enterprises; export finance, foreign currency credits, foreign currency non-resident loans, treasury, external commercial borrowing, and import finance; and supply chain finance.
In addition, the company offers life insurance, general insurance, and standalone health insurance products; digital payment, instant banking, and merchant payment solutions; debit, credit, and prepaid cards; investment products; trade, FX, and remittances; and other services.
Bank of Baroda Limited was incorporated in 1908 and is headquartered in Vadodara, India.
Stock analysis
Bank of Baroda (BANKBARODA) currently trades at ₹249.67, while our model-based Fair Value estimate is ₹322.67, implying the stock looks roughly 23% undervalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of ₹322.67 per share, and 3 of the 6 models we run sit above the ₹249.67 price.
Bear case: the Dividend Discount group reads lowest at ₹114.23, and 3 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹281.99 (bear) to ₹433.11 (bull), the price of ₹249.67 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank of Baroda reported revenue of ₹1.6T in FY2026 versus ₹872B in FY2022, a compound +15.8%/yr. Reported net income was ₹198B in FY2026, compounding +26.1%/yr from FY2022.
Key figures
Market cap ₹1.3T (≈ $13.7B) Large · P/E ratio 6.5 · P/S ratio 1.86 · EPS (TTM) ₹38.23 · Dividend yield 3.4% · Net margin 28.4% · Return on equity 11.9% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 29%, BANKBARODA screens cheaper than that median.
Fair Value models
Bear₹281.99Fair Value ₹322.67Bull₹433.11
Price ₹249.67 · Upside +29.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹17.92 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.2%
Start year 2021 (pandemic). Over 10 years: +11.8% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.2%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+66.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+63.2%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.63.2% vs 14.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 16%
AI conclusion: Moderate network scale from its PSU status supports global business expansion, yet innovation and governance constraints limit evidence of a durable moat.
Main risk: Competition from private banks such as ICICI Bank and HDFC Bank could compress net interest margins and reduce market share in deposits and lending.
Bull case: By expanding its digital platforms and AI capabilities while growing its international business the bank could attract and retain customers to offset competitive pressures on margins.
Bear case: If private sector rivals continue to gain ground through superior technology and pricing the bank might see sustained margin compression and slower growth in its core domestic franchise.
Bank of Baroda keeps growing its global business at over 17 percent year on year while keeping bad loans at multi-year lows. Cybersecurity incidents from last summer and a fresh lawsuit clarification still cast shadows. Will its expanding franchise and clean balance sheet prove more durable than these risks?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1002 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+29.2% · Top 25%
Profitability
Return on equity (12 months)11.9% · Above median
Return on assets0.9% · Below median
Net margin (12 months)28.4% · Below median
Operating margin (12 months)47.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.9% · Top 25%
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity0.82× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bank of Baroda Fair Value". https://www.fairvalue-calculator.com/stock/BANKBARODA
Frequently asked questions
Is Bank of Baroda (BANKBARODA) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ₹322.67 versus a price of ₹249.67, about +29% upside (undervalued).
What is the fair value of BANKBARODA?
Our model-based fair value for Bank of Baroda is ₹322.67 (as of Nov 2, 2026), built from audited fundamentals. The current price: ₹249.67.
What is the quality score of BANKBARODA?
Bank of Baroda has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bank of Baroda (BANKBARODA)?
Our model-based price target is the fair value of ₹322.67 (as of Nov 2, 2026) from 6 valuation models. Cautious scenario ₹281.99, optimistic scenario ₹433.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank of Baroda stock forecast for 2026?
Our models put fair value at ₹322.67, about +29% upside versus a price of ₹249.67 (undervalued). Cautious scenario ₹281.99, optimistic scenario ₹433.11. The calculation is refreshed regularly with new filings.
What is the revenue of Bank of Baroda (BANKBARODA)?
Bank of Baroda reported trailing-twelve-month revenue of about ₹696B (latest available figure, as of Nov 2, 2026).
Does Bank of Baroda pay a dividend?
Bank of Baroda currently shows a dividend yield of 3.40% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Bank of Baroda (BANKBARODA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank of Baroda it is ₹322.67 per share (as of Nov 2, 2026), against a price of ₹249.67. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank of Baroda stock overvalued or undervalued in 2026?
As of Nov 2, 2026, BANKBARODA trades below its calculated fair value: price ₹249.67, fair value ₹322.67, a gap of about +29% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BANKBARODA?
No. The price is what the market pays today (₹249.67); the fair value is what the company's own numbers justify (₹322.67). For Bank of Baroda the two are ₹73.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank of Baroda worth?
The market values Bank of Baroda at about ₹1.3T (market capitalisation, as of Nov 2, 2026). Per share that is ₹249.67; our models calculate a fair value of ₹322.67 per share.
What do the bullish and bearish scenarios say about BANKBARODA?
Our models span a range for Bank of Baroda: cautious scenario ₹281.99, base ₹322.67, optimistic ₹433.11 per share (as of Nov 2, 2026, price ₹249.67). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BANKBARODA?
Bank of Baroda trades at a price-to-earnings ratio of 6.5 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹322.67 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 7.4. Other multiples: P/B 0.8, P/S 1.9, EV/EBITDA 3.9.
How solid is the balance sheet of Bank of Baroda (BANKBARODA)?
Balance-sheet figures for Bank of Baroda (as of Nov 2, 2026): return on equity 11.9%, debt of 0.82 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is BANKBARODA from its 52-week high?
Bank of Baroda trades at ₹249.67, about 21% below its 52-week high of ₹314.28 and 10% above the low of ₹227.50 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹322.67 is for.
Which stocks are comparable to Bank of Baroda?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bank of Baroda stock attractive at the current price?
The data as of Nov 2, 2026: price ₹249.67, calculated fair value ₹322.67 (+29%), Quality Score 55/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BANKBARODA calculated?
We run Bank of Baroda through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹322.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Bank of Baroda currently trades 23% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bank of Baroda (BANKBARODA)?
The closing price on Nov 5, 2026 was ₹249.67. Our model-based fair value is ₹322.67, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank of Baroda right now?
The price is below even our cautious bear case (₹281.99). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank of Baroda (BANKBARODA) come from?
Earnings per share at Bank of Baroda grew +16.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.4 %, EBIT margin +8.1 %, tax rate +2.0 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bank of Baroda
How large is the market capitalisation of Bank of Baroda (BANKBARODA)?
The market capitalisation of Bank of Baroda is ₹1.3T (≈ $13.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bank of Baroda (BANKBARODA)?
The price-to-sales ratio of Bank of Baroda is 1.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bank of Baroda (BANKBARODA)?
Earnings per share at Bank of Baroda are ₹38.23 (price ÷ EPS = P/E 6.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank of Baroda (BANKBARODA)?
The dividend yield of Bank of Baroda is 3.4% (payout 22.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bank of Baroda (BANKBARODA)?
The net margin of Bank of Baroda is 28.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bank of Baroda (BANKBARODA)?
The return on equity (ROE) of Bank of Baroda is 11.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bank of Baroda (BANKBARODA)?
On an EBIT basis the return on assets of Bank of Baroda is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bank of Baroda (BANKBARODA)?
The operating margin of Bank of Baroda is 47.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank of Baroda (BANKBARODA)?
Revenue at Bank of Baroda is growing +19.9% versus a year earlier (3y avg +14.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bank of Baroda (BANKBARODA)?
Earnings per share at Bank of Baroda are growing +31.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank of Baroda (BANKBARODA) generate?
The free cash flow of Bank of Baroda is ₹2.4T (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bank of Baroda (BANKBARODA) carry?
The net debt of Bank of Baroda is ₹94.7B (fiscal year 2026, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Bank of Baroda in the live analysis
One click puts Bank of Baroda on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 2, 2026