Is St Bk of India overvalued or undervalued?

As of 6 August 2025, the valuation grade for State Bank of India has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 10.48, a Price to Book Value of 1.68, and a PEG ratio of 3.04.
In comparison to its peers, State Bank of India has a significantly higher PE ratio than Bank of Baroda at 6.35 and Punjab National Bank at 7.93, both of which are rated very attractive. Additionally, the bank's return on equity stands at 16.07%, which is respectable but does not justify its current valuation relative to its peers. Notably, State Bank of India has outperformed the Sensex over the past three years with a return of 51.73% compared to the Sensex's 37.95%, yet this does not mitigate its overvaluation status.