CANARA BANK
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The Current P/E Ratio of CANARA BANK is 7.67.
Share Price | ₹601.6 | Apr 23,2024 |
Market Cap | ₹109,127.2 Cr | |
Earnings-TTM | ₹14,222.0 Cr | TTM-Consolidated Results |
Price/Earnings | 7.67x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of CANARA BANK
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹109,127.2 Cr] as on Apr 23,2024
(/) Earnings [ ₹14,222.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 7.67x ]
Thus, for CANARA BANK, the investors are currently willing to pay 7.67 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of CANARA BANK!
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of CANARA BANK over the last five years.
Historical PE (Price/Earnings) ratio chart of CANARA BANK
PE Ratio Performance Analysis for CANARA BANK
- CANARA BANK's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.31x.
- CANARA BANK's operated at median p/e ratio of 6.74x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CANARA BANK's p/e ratio peaked in Mar2019 at 36.54x.
- CANARA BANK's p/e ratio hit its five-year low in Mar2020 of 0x.
How does CANARA BANK's P/E Ratio benchmark against top 10 peers in Bank - Public Industry?
Peer Comparison (Bank - Public Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
CANARA BANK | 14,222.00 | 7.67 | 109,127.2 |
STATE BANK OF INDIA | 64,745.00 | 10.65 | 689,739.0 |
PUNJAB NATIONAL BANK | 6,969.14 | 20.98 | 146,226.0 |
BANK OF BARODA | 18,503.80 | 7.27 | 134,559.0 |
UNION BANK OF INDIA | 13,197.70 | 8.50 | 112,138.0 |
INDIAN OVERSEAS BANK | 2,510.97 | 47.73 | 119,841.0 |
INDIAN BANK | 7,330.86 | 9.49 | 69,570.7 |
BANK OF INDIA | 6,273.71 | 10.48 | 65,740.5 |
UCO BANK | 1,709.22 | 38.44 | 65,710.0 |
CENTRAL BANK OF INDIA | 2,339.22 | 23.68 | 55,401.8 |
BANK OF MAHARASHTRA | 3,677.86 | 12.41 | 45,639.4 |
Bank - Public Industry Benchmark (Top 10) PE Analysis vs CANARA BANK's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 7.27x |
Max industry PE | 47.73x |
Median industry PE | 10.65x |
Average industry PE | 17.94x |
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