Yes Bank Limited (YESBANK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Yes Bank Limited stock ₹12.70, price ₹17.20, that is 26.2% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Yes Bank Limited
YESBANK · NSEOur calculation puts a fair price 26% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹10.80 – ₹31.40 · fair‑value band ₹12.22 – ₹14.21 · the ₹17.20 price screens above the ₹12.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Yes Bank Limited engages in the provision of various banking and financial products and services in India. It operates through Treasury, Corporate Banking /Wholesale Banking, Retail Banking, and Other Banking Operations segments.
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The company provides current, savings, and salary accounts; fixed and recurring deposits; home, car, construction equipment, commercial vehicle, personal, education, housing, and secured business loans; loans against securities and property; and rural and agri loans, as well as micro, small, and medium enterprises loans.
It also offers working capital, supply chain, equipment, agri and trade finance, as well as foreign currency loans and term lending; and cash management, capital markets, treasury, investment banking solution, trade advisory, debt capital markets, bullion, overseas financing, liquidity and risk management, invoice management, and escrow services.
In addition, the company offers digital banking and payment; financial, banking, technology-led solutions, and strategic advisory services to ministries under the union and state governments, central and state public sector undertakings, boards, and other affiliates; banking solutions to cooperative banks; digital and transaction banking solutions for non-banking finance companies, insurance, mutual funds, and capital market entities; and asset book building services.
Further, it provides debit and credit cards, wealth management, and mobile and online banking services; transaction banking services; merchant acquiring; and remittance solutions, as well as operates ATMs and bulk note acceptors.
The company was incorporated in 2003 and is headquartered in Mumbai, India.
Stock analysis
Yes Bank Limited (YESBANK) currently trades at ₹17.20, while our model-based Fair Value estimate is ₹12.70, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹16.29 per share, and 1 of the 4 models we run sit above the ₹17.20 price.
Bear case: the Asset-Based group reads lowest at ₹9.52, and 3 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹12.22 (bear) to ₹14.21 (bull), the price of ₹17.20 sits above 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 54/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Yes Bank Limited reported revenue of ₹373B in FY2026 versus ₹216B in FY2022, a compound +14.6%/yr. Reported net income was ₹35.1B in FY2026, compounding +34.8%/yr from FY2022.
Key figures
Market cap ₹539B (≈ $5.7B) Mid · P/E ratio 13.0 · P/S ratio 3.15 · EPS (TTM) ₹1.32 · Net margin 24.5% · Return on equity 8.2% · Return on assets (EBIT) 0.5% (5-year average) · Operating margin 30.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −26%, YESBANK screens cheaper than that median.
Fair Value models
All 4 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
YESBANK screens overvalued: fair value 26% below the price. Compare with China Merchants Bank Co →
Compare Yes Bank Limited with another stock
Price, fair value, quality and upside side by side.
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 · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
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
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 | ¥5.53 | ¥7.59 | +37% | vs YESBANK |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs YESBANK |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs YESBANK |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs YESBANK |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs YESBANK |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs YESBANK |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs YESBANK |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs YESBANK |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs YESBANK |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs YESBANK |
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Frequently asked questions
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Key figures of Yes Bank Limited
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