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Central Bank of India (CENTRALBK) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Central Bank of India stock ₹41.73, price ₹31.23, upside +33.6%, quality 53 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services IN · ISIN INE483A01010

CB Central Bank of India logo Thin data Nov 7, 2026

Central Bank of India

CENTRALBK · NSE
Undervalued, but in a downtrend

The stock costs 25% less than our calculation considers fair.

Fair value ₹41.73 · Undervalued
Healthy Growth (revenue 5y +10.4 %/yr in INR)
Highly profitable · 28.5% net margin (TTM)
2.5% dividend yield · Low payout
Costs just 6.2 times its yearly profit.
Quality 53/100
Mixed vs. peers (8/14)
Moderate moat 56/100
Thin data
⚠ Small free float
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹71.47 ₹15.86 Fair Value ₹41.73 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range ₹15.86 – ₹71.47 · fair‑value band ₹36.49 – ₹53.22 · the ₹31.23 price screens below the ₹41.73 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 7, 2026.

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Company profile

Central Bank of India operates as a commercial bank in India.

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The company offers deposit products, which include savings and current accounts, time deposits, fixed deposits, and recurring deposit schemes, as well as small saving scheme; and loans, including housing, vehicle, property, personal, senior citizens, education, and agricultural, as well as micro small and medium enterprises loans.

It provides credit, debit, and prepaid/gift cards, as well as cash management, mutual funds, depository, mobile and Internet banking, and ATM services.

In addition, the company offers corporate loans, such as project finance, infrastructure funding, financing to infrastructure investment trusts, short term corporate loans, advances, working capital facilities, line of credit, export finance, foreign currency loan, bills purchase/discount/negotiation facilities, non-fund based facilities, and facilities to other industries.

Further, the company sells and distributes life, general, and health insurance products, including unit linked, whole life, children, money back, endowment, pension, health, property, personal, fire, burglary, engineering, motor, package, travel, and group insurance products, as well as protection and retirement solutions.

It operates through a network of branches, ATMs, satellite offices, and an extension counter. Central Bank of India has a strategic co lending partnership with IIFL Home Finance Limited to offer SME LAP loan products under priority sector to MSME borrowers.

Central Bank of India was incorporated in 1911 and is headquartered in Mumbai, India.

Stock analysis

Central Bank of India (CENTRALBK) currently trades at ₹31.23, while our model-based Fair Value estimate is ₹41.73, implying the stock looks roughly 25% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹48.65 per share, and 3 of the 6 models we run sit above the ₹31.23 price.

Bear case: the Dividend Discount group reads lowest at ₹10.70, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: ₹36.49 (bear) to ₹53.22 (bull), the price of ₹31.23 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 53/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Central Bank of India reported revenue of ₹426B in FY2026 versus ₹259B in FY2022, a compound +13.3%/yr. Reported net income was ₹45.2B in FY2026, compounding +43.8%/yr from FY2022.

Key figures

Market cap ₹283B (≈ $3.0B) Mid · P/E ratio 6.2 · P/S ratio 1.67 · EPS (TTM) ₹5.04 · Dividend yield 2.5% · Net margin 28.5% · Return on equity 12.0% · Return on assets (EBIT) 0.7% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (medium confidence).

What moves the price

The share trades about 22% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at 34%, CENTRALBK screens cheaper than that median.

Fair Value models

Bear ₹36.49 Fair Value ₹41.73 Bull ₹53.22
Price ₹31.23 · Upside +33.6%
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 (₹2.62 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.
Best data coverage
Residual Income ₹37.54 ₹41.73 ₹53.22 76
Gordon GGM ₹6.19 ₹11.25 ₹15.60 68
DDM Multi-Stage ₹6.19 ₹10.15 ₹12.01 67
All 6 models by family
Dividend Discount
Gordon GGM ₹6.19 ₹11.25 ₹15.60 68
DDM Multi-Stage ₹6.19 ₹10.15 ₹12.01 67
Multiples
P/E Multiple ₹48.73 ₹64.97 ₹81.22 63
P/B Multiple ₹24.24 ₹32.32 ₹40.40 55
Asset-Based
NCAV (Graham) ₹21.50 ₹28.81 ₹43.00 54
Economic Profit
Residual Income ₹37.54 ₹41.73 ₹53.22 76

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Quality Score breakdown

Overall quality 53/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 26
How much profit the company makes from its sales and capital
Quality Growth 48
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 23
Debt, balance sheet and risk of trouble
Investment 66
Does it invest with discipline instead of growing at any price?
Low Volatility 86
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 18
Distance to the 52-week high, does not count
New shares 53
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.3%
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.
+12.7%
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.
+10.4%
Start year 2021 (pandemic). Over 10 years: +4.3% a year
Revenue growth 23 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.
+9.4%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+52.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.3%
Dividend (yield on the price)2.5%
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.32.6% vs 1.5%, 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.−3% → 16%
2026 sits 63% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 13.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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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 · 997 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside +33.6% · Top 25%
Profitability
Return on equity (12 months) 12.0% · Above median
Return on assets 0.8% · Below median
Net margin (12 months) 28.5% · Below median
Operating margin (12 months) 34.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 11.0% · Above median
Dividend yield (12 months) 2.5% · Below median
Balance sheet
Debt / equity 0.56× · Above median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 6.2× · Cheapest 25%
P/B 0.72× · Cheapest 25%
P/S (12 months) 1.67× · Cheapest 25%
Price / free cash flow (fiscal year) 1.5× · Cheapest 25%
EV/EBITDA 1.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)78 · sector 9
FUTURE (revenue growth)55 · sector 47
PAST (return on equity)48 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)50 · sector 52

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.63 ¥7.59 +35% vs CENTRALBK
China Merchants Bank Co 600036 ¥43.01 ¥52.73 +23% vs CENTRALBK
BNP Paribas SA BNP €95.66 €107.43 +12% vs CENTRALBK
Intesa Sanpaolo S.p.A ISP €6.39 €4.91 −23% vs CENTRALBK
UniCredit S.p.A UCG €83.55 €58.08 −30% vs CENTRALBK
Oversea-Chinese Banking Corporation O39 28.60 SGD 18.20 SGD −36% vs CENTRALBK
Mizuho Financial Group MFG $9.93 $5.89 −41% vs CENTRALBK
DBS Group D05 70.37 SGD 40.39 SGD −43% vs CENTRALBK
HDFC Bank Limited HDFCBANK ₹798.15 ₹406.39 −49% vs CENTRALBK
ICICI Bank Limited ICICIBANK ₹1,589 ₹615.63 −61% vs CENTRALBK

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Central Bank of India: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Central Bank of India Fair Value". https://www.fairvalue-calculator.com/stock/CENTRALBK

Frequently asked questions

Is Central Bank of India (CENTRALBK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹41.73 versus a price of ₹31.23, about +34% upside (undervalued).
What is the fair value of CENTRALBK?
Our model-based fair value for Central Bank of India is ₹41.73 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹31.23.
What is the quality score of CENTRALBK?
Central Bank of India has a Quality Score of 53/100. 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 Central Bank of India (CENTRALBK)?
Our model-based price target is the fair value of ₹41.73 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario ₹36.49, optimistic scenario ₹53.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Central Bank of India stock forecast for 2026?
Our models put fair value at ₹41.73, about +34% upside versus a price of ₹31.23 (undervalued). Cautious scenario ₹36.49, optimistic scenario ₹53.22. The calculation is refreshed regularly with new filings.
What is the revenue of Central Bank of India (CENTRALBK)?
Central Bank of India reported trailing-twelve-month revenue of about ₹169B (latest available figure, as of Nov 7, 2026).
Does Central Bank of India pay a dividend?
Central Bank of India currently shows a dividend yield of 2.52% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Central Bank of India (CENTRALBK) and when is the ex-dividend date?
Central Bank of India pays a dividend of ₹0.788 per share a year, a dividend yield of 2.5%. The last ex-dividend date was May 8, 2026. The payout ratio is 15.6% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Central Bank of India (CENTRALBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Central Bank of India it is ₹41.73 per share (as of Nov 7, 2026), against a price of ₹31.23. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Central Bank of India stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CENTRALBK trades below its calculated fair value: price ₹31.23, fair value ₹41.73, a gap of about +34% (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 CENTRALBK?
No. The price is what the market pays today (₹31.23); the fair value is what the company's own numbers justify (₹41.73). For Central Bank of India the two are ₹10.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Central Bank of India worth?
The market values Central Bank of India at about ₹283B (market capitalisation, as of Nov 7, 2026). Per share that is ₹31.23; our models calculate a fair value of ₹41.73 per share.
What do the bullish and bearish scenarios say about CENTRALBK?
Our models span a range for Central Bank of India: cautious scenario ₹36.49, base ₹41.73, optimistic ₹53.22 per share (as of Nov 7, 2026, price ₹31.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CENTRALBK?
Central Bank of India trades at a price-to-earnings ratio of 6.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹41.73 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings: 12.5. Other multiples: P/B 0.7, P/S 1.7, EV/EBITDA 1.7.
How solid is the balance sheet of Central Bank of India (CENTRALBK)?
Balance-sheet figures for Central Bank of India (as of Nov 7, 2026): return on equity 12.0%, debt of 0.56 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is CENTRALBK from its 52-week high?
Central Bank of India trades at ₹31.23, about 22% below its 52-week high of ₹39.79 and 9% above the low of ₹28.73 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹41.73 is for.
Which stocks are comparable to Central Bank of India?
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 Central Bank of India stock attractive at the current price?
The data as of Nov 7, 2026: price ₹31.23, calculated fair value ₹41.73 (+34%), Quality Score 53/100, 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 CENTRALBK calculated?
We run Central Bank of India through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹41.73 builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Central Bank of India currently trades 25% 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 Central Bank of India (CENTRALBK)?
The closing price on Nov 9, 2026 was ₹31.23. Our model-based fair value is ₹41.73, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Central Bank of India right now?
The price is below even our cautious bear case (₹36.49). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) 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.

Key figures of Central Bank of India

How large is the market capitalisation of Central Bank of India (CENTRALBK)?
The market capitalisation of Central Bank of India is ₹283B (≈ $3.0B). 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 Central Bank of India (CENTRALBK)?
The price-to-sales ratio of Central Bank of India is 1.67 (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 Central Bank of India (CENTRALBK)?
Earnings per share at Central Bank of India are ₹5.04 (price ÷ EPS = P/E 6.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Central Bank of India (CENTRALBK)?
The dividend yield of Central Bank of India is 2.5% (payout 15.6%). 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 Central Bank of India (CENTRALBK)?
The net margin of Central Bank of India is 28.5% (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 Central Bank of India (CENTRALBK)?
The return on equity (ROE) of Central Bank of India is 12.0% (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 Central Bank of India (CENTRALBK)?
On an EBIT basis the return on assets of Central Bank of India is 0.7% (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 Central Bank of India (CENTRALBK)?
The operating margin of Central Bank of India is 34.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Central Bank of India (CENTRALBK)?
Revenue at Central Bank of India is growing +11.0% versus a year earlier (3y avg +12.7%). 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 Central Bank of India (CENTRALBK)?
Earnings per share at Central Bank of India are growing +20.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Central Bank of India (CENTRALBK) generate?
The free cash flow of Central Bank of India is ₹193B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Central Bank of India (CENTRALBK) hold?
Central Bank of India holds more cash than debt, ₹59.8B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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