New Delhi, June 24 -- To determine whether IDBI Bank stock is undervalued, the most important thing is to know whether it's a private sector or public sector bank.

As readers are well aware, public sector banks in India tend to command lower price-to-earnings (PE) and price-to-book (PB) multiples than their private sector peers.

Though IDBI Bank is effectively government-controlled, it's classified as a private sector bank for regulatory purposes because Life Insurance Corporation of India (LIC) became its controlling shareholder in 2019.

As of 2026:

If IDBI Bank is considered a private sector bank, its numbers make for an interesting comparison.

The stock trades at PE and PB multiples that are lower than those of most large private ...