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Indian Overseas Bank (IOB) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Indian Overseas Bank stock ₹31.74, price ₹30.56, upside +3.9%, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services IN · ISIN INE565A01014

IO Indian Overseas Bank logo Thin data Nov 6, 2026

Indian Overseas Bank

IOB · NSE
Fairly valued, in a downtrend

The stock costs about what our calculation considers fair.

Healthy Growth (revenue 5y +10.9 %/yr in INR)
Highly profitable · 36.6% net margin (TTM)
Ranks above peers (8/13)
Last quarter vs. a year ago: revenue +48%, profit +46%.
Fair value ₹31.74 · Fairly valued
Quality 56/100
Wide moat 71/100 · thin data
Thin data
⚠ Small free float
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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

₹79.65 ₹15.35 Fair Value ₹31.74 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range ₹15.35 – ₹79.65 · fair‑value band ₹23.80 – ₹39.67 · the ₹30.56 price screens below the ₹31.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Indian Overseas Bank provides various banking products and services in India and internationally. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.

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The company accepts various deposits, such as demand, savings, current, fixed, recurring, tax saver, and term deposits.

Its loan products include home, vehicle, jewel, consumer durable, education, reverse mortgage, personal, agricultural, and corporate loans, as well as loan against the property and sovereign gold bond; and micro, small, and medium enterprise loans.

It also provides debit and credit cards, export credit, NRI accounts, agricultural and rural banking products, mutual funds, lockers, merchant banking, and internet and mobile banking services; depository services; and life, health, personal accident, digital, and motor insurance products.

It operates branches, ATMs, and business correspondents in India; and overseas branches in Singapore, Hong Kong, Colombo, and Bangkok. Indian Overseas Bank was incorporated in 1936 and is headquartered in Chennai, India.

Stock analysis

Indian Overseas Bank (IOB) currently trades at ₹30.56, while our model-based Fair Value estimate is ₹31.74, so the stock looks roughly fairly valued today (gap 3.7%).

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Valuation

Bull case: the Multiples group reads highest at a median of ₹31.74 per share, and 1 of the 4 models we run sit above the ₹30.56 price.

Bear case: the Asset-Based group reads lowest at ₹12.87, and 3 of the 4 models stay below the price. Data coverage for this calculation is low.

Scenario range: ₹23.80 (bear) to ₹39.67 (bull), the price of ₹30.56 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 56/100 (solid quality), in the Financial Services sector.

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

Indian Overseas Bank reported revenue of ₹377B in FY2026 versus ₹216B in FY2022, a compound +14.9%/yr. Reported net income was ₹54.2B in FY2026, compounding +33.4%/yr from FY2022.

Key figures

Market cap ₹589B (≈ $6.3B) Mid · P/E ratio 10.0 · P/S ratio 3.62 · EPS (TTM) ₹3.06 · Net margin 36.6% · Return on equity 16.5% · Return on assets (EBIT) 0.8% (5-year average) · Operating margin 37.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 7% 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 4%, IOB screens cheaper than that median.

Fair Value models

Bear ₹23.80 Fair Value ₹31.74 Bull ₹39.67
Price ₹30.56 · Upside +3.9%
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 (₹1.87 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 ₹18.05 ₹21.74 ₹30.67 70
P/E Multiple ₹27.43 ₹36.58 ₹45.72 63
P/B Multiple ₹20.17 ₹26.89 ₹33.62 55
All 4 models by family
Multiples
P/E Multiple ₹27.43 ₹36.58 ₹45.72 63
P/B Multiple ₹20.17 ₹26.89 ₹33.62 55
Asset-Based
NCAV (Graham) ₹9.60 ₹12.87 ₹19.21 54
Economic Profit
Residual Income ₹18.05 ₹21.74 ₹30.67 70

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Quality Score breakdown

Overall quality 56/100

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

Profitability 30
How much profit the company makes from its sales and capital
Quality Growth 51
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 18
Debt, balance sheet and risk of trouble
Investment 52
Does it invest with discipline instead of growing at any price?
Low Volatility 88
How calm the share price moves, does not count
Price momentum 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 70
Buys back shares or issues new ones?

Open the full quality analysis →

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. 93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.8%
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.
+17.1%
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.
+10.9%
Start year 2021 (pandemic). Over 10 years: +3.8% a year
Revenue growth 21 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%
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.
+36.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.2%
Dividend (yield on the price)0.0%
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% → 17%
2026 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

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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 · 996 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +3.9% · Above median
Profitability
Return on equity (12 months) 16.5% · Top 25%
Return on assets 1.2% · Above median
Net margin (12 months) 36.6% · Above median
Operating margin (12 months) 37.1% · Below median
Growth and dividend
Revenue growth (quarter YoY) 48.1% · Top 25%
Balance sheet
Debt / equity 1.14× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 10.0× · Cheaper than median
P/B 1.59× · Priciest 25%
P/S (12 months) 3.62× · Pricier than median
Price / free cash flow (fiscal year) 3.3× · Cheapest 25%
EV/EBITDA 11.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)39 · sector 8
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)66 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)0 · sector 53

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 ¥5.53 ¥7.59 +37% vs IOB
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs IOB
BNP Paribas SA BNP €91.93 €106.01 +15% vs IOB
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs IOB
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs IOB
UniCredit S.p.A UCG €76.80 €50.44 −34% vs IOB
Mizuho Financial Group MFG $9.40 $5.89 −37% vs IOB
DBS Group D05 69.72 SGD 40.39 SGD −42% vs IOB
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs IOB
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs IOB

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Indian Overseas Bank: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Indian Overseas Bank Fair Value". https://www.fairvalue-calculator.com/stock/IOB

Frequently asked questions

Is Indian Overseas Bank (IOB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹31.74 versus a price of ₹30.56, about +4% upside (fairly valued).
What is the fair value of IOB?
Our model-based fair value for Indian Overseas Bank is ₹31.74 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹30.56.
What is the quality score of IOB?
Indian Overseas Bank has a Quality Score of 56/100. 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 Indian Overseas Bank (IOB)?
Our model-based price target is the fair value of ₹31.74 (as of Nov 6, 2026) from 4 valuation models. Cautious scenario ₹23.80, optimistic scenario ₹39.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Indian Overseas Bank stock forecast for 2026?
Our models put fair value at ₹31.74, about +4% upside versus a price of ₹30.56 (fairly valued). Cautious scenario ₹23.80, optimistic scenario ₹39.67. The calculation is refreshed regularly with new filings.
What is the revenue of Indian Overseas Bank (IOB)?
Indian Overseas Bank reported trailing-twelve-month revenue of about ₹163B (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Indian Overseas Bank (IOB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indian Overseas Bank it is ₹31.74 per share (as of Nov 6, 2026), against a price of ₹30.56. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Indian Overseas Bank stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IOB trades below its calculated fair value: price ₹30.56, fair value ₹31.74, a gap of about +4% (fairly valued). 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 IOB?
No. The price is what the market pays today (₹30.56); the fair value is what the company's own numbers justify (₹31.74). For Indian Overseas Bank the two are ₹1.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indian Overseas Bank worth?
The market values Indian Overseas Bank at about ₹589B (market capitalisation, as of Nov 6, 2026). Per share that is ₹30.56; our models calculate a fair value of ₹31.74 per share.
What do the bullish and bearish scenarios say about IOB?
Our models span a range for Indian Overseas Bank: cautious scenario ₹23.80, base ₹31.74, optimistic ₹39.67 per share (as of Nov 6, 2026, price ₹30.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IOB?
Indian Overseas Bank trades at a price-to-earnings ratio of 10.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹31.74 is built from several models across several years. Other multiples: P/B 1.6, P/S 3.6, EV/EBITDA 11.2.
How solid is the balance sheet of Indian Overseas Bank (IOB)?
Balance-sheet figures for Indian Overseas Bank (as of Nov 6, 2026): return on equity 16.5%, debt of 1.14 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is IOB from its 52-week high?
Indian Overseas Bank trades at ₹30.56, about 24% below its 52-week high of ₹40.25 and 7% above the low of ₹28.68 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹31.74 is for.
Which stocks are comparable to Indian Overseas Bank?
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 Indian Overseas Bank stock attractive at the current price?
The data as of Nov 6, 2026: price ₹30.56, calculated fair value ₹31.74 (+4%), Quality Score 56/100, 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 IOB calculated?
We run Indian Overseas Bank through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹31.74 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 13.3% above its aggregate fair value. Indian Overseas Bank currently trades 4% 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 Indian Overseas Bank (IOB)?
The closing price on Nov 6, 2026 was ₹30.56. Our model-based fair value is ₹31.74, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indian Overseas Bank right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 Indian Overseas Bank

How large is the market capitalisation of Indian Overseas Bank (IOB)?
The market capitalisation of Indian Overseas Bank is ₹589B (≈ $6.3B). 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 Indian Overseas Bank (IOB)?
The price-to-sales ratio of Indian Overseas Bank is 3.62 (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 Indian Overseas Bank (IOB)?
Earnings per share at Indian Overseas Bank are ₹3.06 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indian Overseas Bank (IOB)?
The net margin of Indian Overseas Bank is 36.6% (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 Indian Overseas Bank (IOB)?
The return on equity (ROE) of Indian Overseas Bank is 16.5% (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 Indian Overseas Bank (IOB)?
On an EBIT basis the return on assets of Indian Overseas Bank is 0.8% (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 Indian Overseas Bank (IOB)?
The operating margin of Indian Overseas Bank is 37.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indian Overseas Bank (IOB)?
Revenue at Indian Overseas Bank is growing +48.1% versus a year earlier (3y avg +17.1%). 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 Indian Overseas Bank (IOB)?
Earnings per share at Indian Overseas Bank are growing +45.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Indian Overseas Bank (IOB) generate?
The free cash flow of Indian Overseas Bank is ₹180B (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 Indian Overseas Bank (IOB) carry?
The net debt of Indian Overseas Bank is ₹264B (fiscal year 2026, ≈ 1.5 yrs of FCF). 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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