Yes Bank Limited (532648) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Yes Bank Limited ₹14.65, price ₹20.70, upside -29.2%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
60‑month range ₹10.80 – ₹31.37 · fair‑value band ₹10.99 – ₹18.31 · the ₹20.70 price screens above the ₹14.65 fair value. Dashed = 300-day average. As of Sep 25, 2026.
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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.
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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.
Stock analysis
Yes Bank Limited (532648) currently trades at ₹20.70, while our model-based Fair Value estimate is ₹14.65, 29.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹14.56 per share, and 0 of the 4 models we run sit above the ₹20.70 price.
Bear case: the Multiples group reads lowest at ₹12.69, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹10.99 (bear) to ₹18.31 (bull), the price of ₹20.70 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 40/100 (below-average quality), in the Financial sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial peers we cover trades at 0% fair-value upside, at −29%, 532648 screens richer than that median.
Fair Value models
Bear ₹10.99Fair Value ₹14.65Bull ₹18.31
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−28.7%
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.
+3.9%
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.
+14.7%
Revenue growth 6 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.
+16.8%
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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.
+47.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+46.2%
Dividend (yield on the price)0.8%
Profit margin 2014 to 2017 ⓘ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.57% → 55%
2025 sits 84% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Money Center Banks” was too small, so the broader sector is used.)Financials · 3146 stocks
Beats the sector median on 1/9 measures
Overall it trails its sector peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−38.6% · Bottom 25%
Profitability
Return on assets−5.3% · Bottom 25%
Net margin (TTM)−159.0% · Bottom 25%
Operating margin (TTM)127.3% · Top 25%
Growth and dividend
Revenue growth−16.4% · Bottom 25%
Dividend yield (TTM)0.8% · Bottom 25%
Balance sheet
Debt / equity1.51× · Highest 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/E (TTM)30.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 47
PAST (return on equity)0· sector 38
HEALTH (low debt)25· sector 87
DIVIDEND (yield)15· sector 59
VALUE 0: the price sits above our fair-value range.
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). "Yes Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/532648
Frequently asked questions
Is Yes Bank Limited (532648) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of ₹14.65 versus a price of ₹20.70, about −29% upside (overvalued).
What is the fair value of 532648?
Our model-based fair value for Yes Bank Limited is ₹14.65 (as of Sep 25, 2026), built from audited fundamentals. The current price: ₹20.70.
What is the quality score of 532648?
Yes Bank Limited has a Quality Score of 40/100. 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 Yes Bank Limited (532648)?
Our model-based price target is the fair value of ₹14.65 (as of Sep 25, 2026) from 4 valuation models. Cautious scenario ₹10.99, optimistic scenario ₹18.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Yes Bank Limited stock forecast for 2026?
Our models put fair value at ₹14.65, about −29% upside versus a price of ₹20.70 (overvalued). Cautious scenario ₹10.99, optimistic scenario ₹18.31. The calculation is refreshed regularly with new filings.
Does Yes Bank Limited pay a dividend?
Yes Bank Limited currently shows a dividend yield of about 0.77% relative to its recent price (as of Sep 25, 2026).
What is the intrinsic value of Yes Bank Limited (532648)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yes Bank Limited it is ₹14.65 per share (as of Sep 25, 2026), against a price of ₹20.70. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Yes Bank Limited stock overvalued or undervalued in 2026?
As of Sep 25, 2026, 532648 trades above its calculated fair value: price ₹20.70, fair value ₹14.65, a gap of about −29% (overvalued). 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 532648?
No. The price is what the market pays today (₹20.70); the fair value is what the company's own numbers justify (₹14.65). For Yes Bank Limited the two are ₹6.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Yes Bank Limited worth?
The market values Yes Bank Limited at about ₹324B (market capitalisation, as of Sep 25, 2026). Per share that is ₹20.70; our models calculate a fair value of ₹14.65 per share.
What do the bullish and bearish scenarios say about 532648?
Our models span a range for Yes Bank Limited: cautious scenario ₹10.99, base ₹14.65, optimistic ₹18.31 per share (as of Sep 25, 2026, price ₹20.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532648?
Yes Bank Limited trades at a price-to-earnings ratio of 30.6 (as of Sep 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹14.65 is built from several models across several years.
How solid is the balance sheet of Yes Bank Limited (532648)?
Balance-sheet figures for Yes Bank Limited (as of Sep 25, 2026): debt of 1.51 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 532648 from its 52-week high?
Yes Bank Limited trades at ₹20.70, about 19% below its 52-week high of ₹25.49 and 20% above the low of ₹17.25 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹14.65 is for.
Which stocks are comparable to Yes Bank Limited?
From the same area (Financial) we also value Nirlon Limited, Industrial & Prudential Investment Company, UPSURGE, IndiaNivesh Limited, 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 Yes Bank Limited stock attractive at the current price?
The data as of Sep 25, 2026: price ₹20.70, calculated fair value ₹14.65 (−29%), Quality Score 40/100, from 4 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 532648 calculated?
We run Yes Bank Limited through 4 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 ₹14.65, 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 14.5 % above its aggregate fair value. Yes Bank Limited itself currently trades above fair value. 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 Yes Bank Limited (532648)?
The closing price on Oct 1, 2026 was ₹20.70. Our model-based fair value is ₹14.65, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yes Bank Limited right 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. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Yes Bank Limited
How large is the market capitalisation of Yes Bank Limited (532648)?
The market capitalisation of Yes Bank Limited is ₹324B (≈ $3.4B). 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 are the earnings per share of Yes Bank Limited (532648)?
Earnings per share at Yes Bank Limited are ₹15.40 (price ÷ EPS = P/E 30.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yes Bank Limited (532648)?
The dividend yield of Yes Bank Limited is 0.8% (payout 1.0%). 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 EBIT return on assets of Yes Bank Limited (532648)?
On an EBIT basis the return on assets of Yes Bank Limited is 2.2% (avg 4y). 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 Yes Bank Limited (532648)?
The operating margin of Yes Bank Limited is 127% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Yes Bank Limited (532648) generate?
Yes Bank Limited generates revenue of −₹230B (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Yes Bank Limited (532648)?
Revenue at Yes Bank Limited is growing −16.4% versus a year earlier (3y avg +3.9%). 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 Yes Bank Limited (532648)?
Earnings per share at Yes Bank Limited are growing +27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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