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Axis Bank Limited (AXISBANK) fair value: what the stock is really worth

We calculate from audited financials what Axis Bank Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · IN · ISIN INE238A01034

AB Broad data Sep 17, 2026

Axis Bank Limited

AXISBANK · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹734.26 · Strongly overvalued (−42%)
!Quality 35/100
!Expensive Growth (revenue 5y +15.8 %/yr)
✓Highly profitable · 35.4% net margin (TTM)
!Moderate debt · negative free cash flow
·0.08% dividend yield
!Trails peers (5/14)
✓Wide moat 70/100
!Insider activity 40/100
!Weak on dividend: 2 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

₹1,402 ₹622.47 Fair Value ₹734.26 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 17, 2026.

How to read this chart

60‑month range ₹622.47 – ₹1,402 · fair‑value band ₹623.43 – ₹1,293 · the ₹1,257 price screens above the ₹734.26 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. Dashed = 300-day average. As of Sep 17, 2026.

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Company profile

Axis Bank Limited provides various financial products and services in India and internationally. The company operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business.

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Axis Bank Limited provides various financial products and services in India and internationally. The company operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. It provides fixed, recurring, and safe deposits; and saving, salary, current, safe custody, pension disbursement, and demat and trading accounts. The company also offers home, personal, business, car, two-wheeler, commercial vehicle construction equipment, education, gold, trade, and supply chain loans, as well as loans against securities, fixed deposits, properties, and credit cards; and overdrafts. In addition, it provides credit and debit cards; mutual and debt funds; governmental investment products, such as public provident fund, floating rate saving bonds, and national pension system; digital gold and sovereign gold bonds; digital rupee; insurance services, such as life, general, and health insurance; and various forex products and services. Further, the company offers phone, digital, and mobile banking services, as well as ATM services. Additionally, it provides equity, derivative trading, central funding unit, financial and corporate advisory, NRI, para banking, placements and syndication, project appraisal, capital market, and cash management services. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is headquartered in Mumbai, India.

Stock analysis

Axis Bank Limited (AXISBANK) currently trades at ₹1,257, while our model-based Fair Value estimate is ₹734.26, implying the stock looks roughly 71.2% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹967.72 per share, and 0 of the 6 models we run sit above the ₹1,257 price.

Bear case: the Asset-Based group reads lowest at ₹463.12, and 6 of the 6 models stay below the price. Evidence for this calculation is high.

Scenario range: ₹623.43 (bear) to ₹1,293 (bull), the price of ₹1,257 sits inside 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 35/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Axis Bank Limited reported revenue of ₹1.6T in FY2026 versus ₹512B in FY2022, a compound +33.4%/yr. Reported net income was ₹264B in FY2026, compounding +16.9%/yr from FY2022.

Key figures

Market cap ₹3.9T (≈ $40.8B) · P/E ratio 14.9 · P/S ratio 2.42 · EPS (TTM) ₹84.45 · Dividend yield 0.1% · Net margin 16.3% · Return on equity 13.2% · Return on assets (EBIT) 2.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).

What moves the price

The share trades about 11% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −42%, AXISBANK screens richer than that median.

Fair Value models

Bear ₹623.43 Fair Value ₹734.26 Bull ₹1,293
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹39.78 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. 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.
Highest evidence
Residual Income ₹653.43 ₹823.51 ₹2,332 67
DDM Multi-Stage ₹9.59 ₹17.15 ₹21.82 66
Gordon GGM ₹9.59 ₹20.94 ₹35.23 65
All 6 models by family
Dividend Discount
Gordon GGM ₹9.59 ₹20.94 ₹35.23 65
DDM Multi-Stage ₹9.59 ₹17.15 ₹21.82 66
Multiples
P/E Multiple ₹826.93 ₹1,103 ₹1,378 63
P/B Multiple ₹725.79 ₹967.72 ₹1,210 55
Asset-Based
NCAV (Graham) ₹345.61 ₹463.12 ₹691.23 54
Economic Profit
Residual Income ₹653.43 ₹823.51 ₹2,332 67

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Quality Score breakdown

Overall quality 35/100

Of which business quality 31 · Market factors (momentum, volatility) 59

Profitability 31
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 78
Share count: buybacks or dilution?

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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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.0%
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.
+15.3%
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.
+15.8%
Revenue growth 22 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.
+21.7%
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.
+28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.5%
Dividend (yield on the price)0.1%
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.29% vs 11%, 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.13% → 20%

AXISBANK screens 71% overvalued. Compare with DBS Group →

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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 · 1073 stocks

Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −19% · Below median
Profitability
Return on equity (TTM) 13% · Above median
Return on assets 1% · Top 25%
Net margin (TTM) 35% · Above median
Operating margin (TTM) 39% · Above median
Growth and dividend
Revenue growth −11% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 1.03× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 14.9× · Pricier than median
P/B 1.91× · Priciest 25%
P/S (TTM) 5.52× · Priciest 25%
EV/EBITDA 15.3× · Priciest 25%
PEG 0.54× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)0 · sector 44
PAST (return on equity)53 · sector 41
HEALTH (low debt)49 · sector 85
DIVIDEND (yield)2 · sector 53

VALUE 0: the price sits above our fair-value range.

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
DBS Group DBS19 20.20 THB 6.69 THB −67%
China Merchants Bank Co 3968 HK$51.35 HK$78.59 +53%
Intesa Sanpaolo S.p.A ISP €6.74 €4.04 −40%
HDFC Bank Limited HDB $23.16 $15.60 −33%
BNP Paribas SA BNP €102.32 €105.99 +4%
UniCredit S.p.A UCG €82.92 €77.62 −6%
Mizuho Financial Group MFG $11.15 $9.67 −13%
ICICI Bank Limited ICICIBANK ₹1,359 ₹636.31 −53%
The PNC Financial Services Group PNC $231.49 $159.52 −31%
Oversea-Chinese Banking Corporation O39 31.28 SGD 19.80 SGD −37%

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Axis Bank Limited · Fair Value
₹734.26 −71%Fair Value
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Cite: Fair Value Calculator (2026). "Axis Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/AXISBANK

Frequently asked questions

Is Axis Bank Limited (AXISBANK) overvalued or undervalued?
As of Sep 17, 2026, our model estimates a fair value of ₹734.26 versus a price of ₹1,257, about −42% upside (overvalued).
What is the fair value of AXISBANK?
Our model-based fair value for Axis Bank Limited is ₹734.26 (as of Sep 17, 2026), built from audited fundamentals. The current price: ₹1,257.
What is the quality score of AXISBANK?
Axis Bank Limited has a Quality Score of 35/100. 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 Axis Bank Limited (AXISBANK)?
Our model-based price target is the fair value of ₹734.26 (as of Sep 17, 2026) from 6 valuation models. Cautious scenario ₹623.43, optimistic scenario ₹1,293. It is a calculation from audited fundamentals, not an analyst target.
What is the Axis Bank Limited stock forecast for 2026?
Our models put fair value at ₹734.26, about −42% upside versus a price of ₹1,257 (overvalued). Cautious scenario ₹623.43, optimistic scenario ₹1,293. The calculation is refreshed regularly with new filings.
What is the revenue of Axis Bank Limited (AXISBANK)?
Axis Bank Limited reported trailing-twelve-month revenue of about ₹745B (latest available figure, as of Sep 17, 2026).
Does Axis Bank Limited pay a dividend?
Axis Bank Limited currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 17, 2026).
What is the intrinsic value of Axis Bank Limited (AXISBANK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Axis Bank Limited it is ₹734.26 per share (as of Sep 17, 2026), against a price of ₹1,257. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Axis Bank Limited stock overvalued or undervalued in 2026?
As of Sep 17, 2026, AXISBANK trades above its calculated fair value: price ₹1,257, fair value ₹734.26, a gap of about −42% (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 AXISBANK?
No. The price is what the market pays today (₹1,257); the fair value is what the company's own numbers justify (₹734.26). For Axis Bank Limited the two are ₹522.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Axis Bank Limited worth?
The market values Axis Bank Limited at about ₹3.9T (market capitalisation, as of Sep 17, 2026). Per share that is ₹1,257; our models calculate a fair value of ₹734.26 per share.
What do the bullish and bearish scenarios say about AXISBANK?
Our models span a range for Axis Bank Limited: cautious scenario ₹623.43, base ₹734.26, optimistic ₹1,293 per share (as of Sep 17, 2026, price ₹1,257). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AXISBANK?
Axis Bank Limited trades at a price-to-earnings ratio of 14.9 (as of Sep 17, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹734.26 is built from several models across several years. Other multiples: PEG 0.5, P/B 1.9, P/S 5.5, EV/EBITDA 15.3.
What is the PEG ratio of AXISBANK?
The PEG ratio of Axis Bank Limited is 0.54 (P/E divided by earnings growth, as of Sep 17, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Axis Bank Limited (AXISBANK)?
Balance-sheet figures for Axis Bank Limited (as of Sep 17, 2026): return on equity 13.2%, debt of 1.03 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is AXISBANK from its 52-week high?
Axis Bank Limited trades at ₹1,257, about 11% below its 52-week high of ₹1,418 and 21% above the low of ₹1,043 (as of Sep 17, 2026). Distance from the high says nothing about value: that is what the fair value of ₹734.26 is for.
Which stocks are comparable to Axis Bank Limited?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 Axis Bank Limited stock attractive at the current price?
The data as of Sep 17, 2026: price ₹1,257, calculated fair value ₹734.26 (−42%), Quality Score 35/100, 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 AXISBANK calculated?
We run Axis Bank Limited 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 ₹734.26, 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 16.1 % above its aggregate fair value. Axis 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 Axis Bank Limited (AXISBANK)?
The closing price on Sep 18, 2026 was ₹1,257. Our model-based fair value is ₹734.26, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Axis Bank Limited right now?
Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹623.43 to ₹1,293) leaves room in how you read the outcome. 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 Axis Bank Limited (AXISBANK) come from?
Earnings per share at Axis Bank Limited grew +13.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.7 %, EBIT margin +1.7 %, tax rate +1.8 %, 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 Axis Bank Limited

How large is the market capitalisation of Axis Bank Limited (AXISBANK)?
The market capitalisation of Axis Bank Limited is ₹3.9T (≈ $40.8B). 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 Axis Bank Limited (AXISBANK)?
The price-to-sales ratio of Axis Bank Limited is 2.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Axis Bank Limited (AXISBANK)?
Earnings per share at Axis Bank Limited are ₹84.45 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Axis Bank Limited (AXISBANK)?
The dividend yield of Axis Bank Limited is 0.1% (payout 1.2%). 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 Axis Bank Limited (AXISBANK)?
The net margin of Axis Bank Limited is 16.3% (fiscal year 2026). 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 Axis Bank Limited (AXISBANK)?
The return on equity (ROE) of Axis Bank Limited is 13.2% (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 Axis Bank Limited (AXISBANK)?
On an EBIT basis the return on assets of Axis Bank Limited is 2.4% (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 Axis Bank Limited (AXISBANK)?
The operating margin of Axis Bank Limited is 39.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Axis Bank Limited (AXISBANK)?
Revenue at Axis Bank Limited is growing −11.0% versus a year earlier (3y avg +15.3%). 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 Axis Bank Limited (AXISBANK)?
Earnings per share at Axis Bank Limited are growing +6.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Axis Bank Limited (AXISBANK) generate?
The free cash flow of Axis Bank Limited is −₹108B (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 Axis Bank Limited (AXISBANK) carry?
The net debt of Axis Bank Limited is ₹1.7T (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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