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SBI Life Insurance Company (SBILIFE) Fair Value & Analysis

Financial Services · IN · Market cap ₹1.8T

SL SBI Life Insurance Company SBILIFE · NSE
Price₹1,862
Fair Value₹320.10
Upside-82.8%
Quality53/100
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Mixed Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
0.14% dividend yield
Trails peers (4/14)
Moderate moat 51/100
Evidence: High Range ₹240.07 – ₹400.12 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 20 days ago

Share price +1.6% over the past month.

A solid business, but screening 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹400.12). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹2,110 ₹864.38 Fair Value ₹320.10 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range ₹864.38 – ₹2,110 · fair‑value band ₹240.07 – ₹400.12 · the ₹1,862 price screens above the ₹320.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

SBI Life Insurance Company (SBILIFE) currently trades at ₹1,862, while our model-based Fair Value estimate is ₹320.10, implying the stock looks roughly 82.8% overvalued today. We read business quality at 53/100 (solid quality), in the Financial Services 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).

Over the trailing twelve months, SBI Life Insurance Company generated revenue of ₹1.1T at a net margin of 2.2%. Revenue declined 82.2% year over year. It earns a return on equity of 13.7%. The balance sheet holds a net cash position of ₹32.1B. Fundamentals as of Jul 18, 2026

Our scenario range runs from ₹240.07 (bear case) to ₹400.12 (bull case); at ₹1,862, 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 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 1% fair-value upside, at -83%, SBILIFE 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹4,633 ₹8,250 ₹14,723 80
Residual Income ₹183.22 ₹234.34 ₹649.34 76
Rev-Margin DCF ₹1,616 ₹2,104 ₹2,742 74
All 26 models by family
DCF Models
FCF DCF ₹4,641 ₹8,480 ₹15,393 38
Owner Earnings ₹348.94 ₹612.98 ₹1,088 31
5Y Revenue Exit ₹1,616 ₹2,039 ₹2,488 39
5Y EBITDA Exit ₹1,621 ₹2,049 ₹2,484 41
5Y P/E Exit ₹1,695 ₹2,199 ₹2,703 38
10Y Revenue Exit ₹2,557 ₹3,280 ₹4,163 36
10Y EBITDA Exit ₹2,568 ₹3,287 ₹4,160 37
10Y P/E Exit ₹2,618 ₹3,399 ₹4,346 35
Earnings-Based
Graham-Dodd ₹167.43 ₹753.08 ₹1,032 54
Lynch FV ₹196.32 ₹280.45 ₹364.59 50
PEG = 1.0 ₹196.32 ₹280.45 ₹364.59 46
EPV ₹259.60 ₹299.77 ₹335.47 59
Dividend Discount
Gordon GGM ₹25.96 ₹56.68 ₹95.37 70
DDM Multi-Stage ₹25.96 ₹46.43 ₹59.07 61
Multiples
P/E Multiple ₹369.34 ₹492.45 ₹615.57 63
P/S Multiple ₹313.94 ₹418.59 ₹523.23 58
P/B Multiple ₹313.94 ₹418.59 ₹523.23 55
EV/EBIT ₹373.41 ₹487.22 ₹601.03 53
EV/EBITDA ₹285.98 ₹370.64 ₹455.31 54
EV/Revenue ₹262.13 ₹360.76 ₹459.40 43
Asset-Based
NCAV (Graham) ₹95.12 ₹127.46 ₹190.24 50
Growth DCF
Growth DCF ₹4,633 ₹8,250 ₹14,723 80
Rev-Margin DCF ₹1,616 ₹2,104 ₹2,742 74
Economic Profit
Residual Income ₹183.22 ₹234.34 ₹649.34 76
ROIC Compounder ₹287.06 ₹386.90 ₹527.17 72
Growth Earnings
Growth-Adj P/E ₹310.65 ₹443.78 ₹576.91 68

Widest divergence: DCF Models (₹2,199) versus Dividend Discount (₹46.43). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹1.1T
Revenue growth (YoY) -82.2%
Net margin 2.2%
Return on equity 13.7%
Free cash flow ₹343B FY2026
P/E ratio 72.5
More key figures
Operating margin 21.2%
EPS (TTM) ₹24.60
Dividend yield 0.2%
EPS growth (YoY) -1.1%
Net cash ₹32.1B FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 46 · Market factors (momentum, volatility) 54

Profitability 24
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

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

SBI Life Insurance Company Limited operates as a private life insurance company in India. The company's life insurance business comprises individual and group life insurance products, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked and variable insurance …

Full company description

SBI Life Insurance Company Limited operates as a private life insurance company in India. The company's life insurance business comprises individual and group life insurance products, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked and variable insurance products, health, and micro insurance. It also provides accident and disability benefit, level term, and critical illness insurance products. In addition, the company offers online savings, protection, retirement, and child life insurance plans, as well as wealth creation with insurance products; and corporate solutions, group loan protection, and group micro insurance plans. It offers its products through a multi-channel distribution network comprising individual agents, brokers, corporate agents, bancassurance partners, and certified insurance facilitators, as well as through various partner branches. The company was incorporated in 2000 and is based in Mumbai, India. SBI Life Insurance Company Limited is a subsidiary of State Bank of India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SBI Life Insurance Company reported revenue of ₹1.1T in FY2026 versus ₹829B in FY2022, a compound +7.8%/yr. Reported net income was ₹24.7B in FY2026, compounding +13.2%/yr from FY2022.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹1.1T
Latest YoY
−3.1%
Avg. growth/yr (3Y)
+11.5%
Avg. growth/yr (5Y)
+6.4%
Avg. growth/yr (13Y)
+17.0%
Revenue +7.8%/yr
FY22 ₹829B
FY23 ₹806B
FY24 ₹1.3T
FY25 ₹1.2T
FY26 ₹1.1T
Net income +13.2%/yr
FY22 ₹15.1B
FY23 ₹17.2B
FY24 ₹18.9B
FY25 ₹24.1B
FY26 ₹24.7B

SBILIFE screens 83% overvalued. Compare with China Life Insurance Company →

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Cite: Fair Value Calculator (2026). "SBI Life Insurance Company Fair Value". https://www.fairvalue-calculator.com/stock/SBILIFE

Peer Group

Insurance - Life · 96 stocks

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.

Quality Score 48 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 21% · Above median
Revenue growth -82% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 73.9× · Pricier than 75% of peers
P/B 9.58× · Pricier than 75% of peers
P/S (TTM) 1.63× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 64.8× · Pricier than 75% of peers

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 · sector 28
FUTURE 0 · sector 44
PAST 55 · sector 42
HEALTH 100 · sector 85
DIVIDEND 3 · sector 54

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

Insider activity: 30/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.72 ¥70.87 +83%
Ping An Insurance (Group) Company 601318 ¥49.60 ¥96.76 +95%
AIA Group 1299 HK$75.55 HK$7.88 -90%
Manulife Financial Corporation MFC C$58.52 C$45.13 -23%
Great-West Lifeco Inc GWO C$92.34 C$59.64 -35%
Life Insurance Corporation LICI ₹438.30 ₹590.43 +35%
Fubon Financial Holding 2881 124.50 TWD 115.05 TWD -8%
Cathay Financial Holding 2882 94.00 TWD 94.95 TWD +1%
Samsung Life Insurance Co 032830 337,500 KRW 166,710 KRW -51%
China Pacific Insurance (Group) Co 601601 ¥29.75 ¥59.50 +100%

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Frequently asked questions

Is SBI Life Insurance Company (SBILIFE) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of ₹320.10 versus a price of ₹1,862, about −83% (overvalued).
What is the fair value of SBILIFE?
Our model-based fair value for SBI Life Insurance Company is ₹320.10 (as of Jul 18, 2026), built from audited fundamentals. The current price is ₹1,862.
What is the quality score of SBILIFE?
SBI Life Insurance Company has a Quality Score of 53/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of SBI Life Insurance Company (SBILIFE)?
SBI Life Insurance Company reported trailing-twelve-month revenue of about ₹1.1T (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SBILIFE?
The net profit margin of SBI Life Insurance Company is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does SBI Life Insurance Company pay a dividend?
SBI Life Insurance Company currently shows a dividend yield of about 0.15% relative to its recent price (as of Jul 18, 2026).

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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