CANARA BANK
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The Current P/B Ratio of CANARA BANK is 1.43.
| Share Price | ₹616.5 | Apr 25,2024 |
| Market Cap | ₹111,830.2 Cr | |
| Book Value | ₹78,053.8 Cr | Mar2023 - Consolidated Results |
| Price/Book | 1.43x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of CANARA BANK
Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹111,830.2 Cr] as on Apr 25,2024
(/) Book Value [ ₹78,053.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 1.43x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for CANARA BANK, the investors are currently willing to pay '1.43 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of CANARA BANK!
The chart below summarizes the trend in P/B Ratio of CANARA BANK over the last five years.
Thus, for CANARA BANK, the investors are currently willing to pay '1.43 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of CANARA BANK!
The chart below summarizes the trend in P/B Ratio of CANARA BANK over the last five years.
Historical PB (Price/Book ) ratio chart of CANARA BANK
PB Ratio Performance Analysis for CANARA BANK
- CANARA BANK's latest p/b ratio is 1.43x.
- CANARA BANK's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.57x.
- CANARA BANK's operated at median p/b ratio of 0.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CANARA BANK's p/b ratio peaked in Mar2023 at 0.73x.
- CANARA BANK's p/b ratio hit its five-year low in Mar2020 of 0.27x.
- CANARA BANK's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.57x.
- CANARA BANK's operated at median p/b ratio of 0.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CANARA BANK's p/b ratio peaked in Mar2023 at 0.73x.
- CANARA BANK's p/b ratio hit its five-year low in Mar2020 of 0.27x.
How does CANARA BANK's P/B Ratio benchmark against top 10 peers in Bank - Public Industry?
| Peer Comparison (Bank - Public Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| CANARA BANK | 78,053.80 | 1.43 | 111,830.2 |
| STATE BANK OF INDIA | 358,931.00 | 2.02 | 725,214.0 |
| PUNJAB NATIONAL BANK | 102,880.00 | 1.45 | 149,585.0 |
| BANK OF BARODA | 105,055.00 | 1.32 | 138,954.0 |
| UNION BANK OF INDIA | 78,803.50 | 1.45 | 114,466.0 |
| INDIAN OVERSEAS BANK | 24,876.00 | 5.08 | 126,382.0 |
| INDIAN BANK | 49,506.80 | 1.43 | 70,958.1 |
| BANK OF INDIA | 60,432.90 | 1.13 | 68,449.4 |
| UCO BANK | 25,603.70 | 2.65 | 67,850.1 |
| CENTRAL BANK OF INDIA | 29,216.70 | 1.96 | 57,155.3 |
| BANK OF MAHARASHTRA | 15,790.20 | 2.93 | 46,198.9 |
Bank - Public Industry Benchmark (Top 10) PB Analysis vs CANARA BANK's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.13x |
| Max industry PB | 5.08x |
| Median industry PB | 1.45x |
| Average industry PB | 2.08x |
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