Yes Bank Limited (532648) Fair Value & Analysis
Financial · IN · Market cap ₹324B
Fair value as of: Aug 17, 2026
From 4 valuation models · updated 2 days ago
Below-average quality, and screening another 35% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹18.31). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
60‑month range ₹10.80 – ₹31.37 · fair‑value band ₹10.99 – ₹18.31 · the ₹22.48 price screens above the ₹14.65 fair value. Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Yes Bank Limited (532648) currently trades at ₹22.48, while our model-based Fair Value estimate is ₹14.65, implying the stock looks roughly 34.8% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Financial sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Revenue declined 16.4% year over year. The stock trades on a trailing P/E of 30.6 (as of Jul 4, 2026). Fundamentals as of Aug 17, 2026
Our scenario range runs from ₹10.99 (bear case) to ₹18.31 (bull case); at ₹22.48, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 31% above its 52-week low. For context, the median of 10 Financial peers we cover trades at 6% fair-value upside, at -35%, 532648 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Economic Profit (₹15.21) versus Multiples (₹12.69). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 56
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Yes Bank Limited provides banking and financial services primarily in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.
Full company description
Yes Bank Limited provides banking and financial services primarily in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers corporate banking services, such as working capital finance, term loans, corporate finance, trade finance and cash management services, debt capital markets, treasury, liquidity management, and other services. It also provides retail banking products, including secured business, home, car, super bike, commercial vehicle, construction equipment, gold, and personal loans, as well as loans against securities; health care and printing equipment finance; and business banking services to micro, small, and medium enterprises. In addition, the company offers financial and advisory services to ministries under the union and state governments, central and state public sector undertakings, boards, and other affiliates; and banking solutions to banks, non-banking finance and housing finance companies, asset finance companies, insurance intermediaries, small finance and payment banks, mutual funds, financial institutions, private equity funds, cooperative and regional rural banks, capital market participants, primary dealers, depositories, AD II license holders, money changers, PPI operators, and payment aggregators. Further, it provides debit and credit cards, current and savings accounts, and mobile banking services; and transaction banking services comprising escrow, trade finance, supply chain finance, foreign exchange, and bullion trading. Additionally, the company offers loan syndication services; investment banking services, including mergers and acquisition advisory, and capital advisory services; and micro-credit, micro saving, micro-insurance, and remittance services. As of March 31, 2020, it operated 1,135 branches; 2 national operating centers; and 1,423 ATMs and bunch note acceptors. The company was incorporated in 2003 and is headquartered in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2016 – FY2025 · reported fiscal years
Yes Bank Limited reported revenue of ₹103B in FY2020 versus ₹67.6B in FY2016, a compound +11.2%/yr. Reported net income was ₹24.5B in FY2025.
532648 screens 35% overvalued. Compare with IDBI Bank Limited →
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Money Center Banks stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| IDBI Bank Limited 500116 | ₹82.87 | ₹89.34 | +8% |
| Punjab National Bank 532461 | ₹117.50 | ₹226.68 | +93% |
| Bank of Maharashtra 532525 | ₹81.09 | ₹85.55 | +6% |
| Dhanlaxmi Bank Limited 532180 | ₹32.45 | ₹39.51 | +22% |
| Sunteck Realty Limited 512179 | ₹299.45 | ₹153.98 | -49% |
| Brigade Enterprises Limited 532929 | ₹593.25 | ₹559.71 | -6% |
| JSW Holdings 532642 | ₹11,811 | ₹1,628 | -86% |
| Nirlon Limited 500307 | ₹638.10 | ₹499.10 | -22% |
| Religare Enterprises Limited 532915 | ₹238.60 | ₹69.27 | -71% |
| Muthoot Capital Services Limited 511766 | ₹257.50 | ₹361.57 | +40% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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