CANARA BANK
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The Current P/E Ratio of CANARA BANK is 7.88.
Share Price | ₹617.6 | Apr 26,2024 |
Market Cap | ₹112,029.7 Cr | |
Earnings-TTM | ₹14,222.0 Cr | TTM-Consolidated Results |
Price/Earnings | 7.88x | 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 [ ₹112,029.7 Cr] as on Apr 26,2024
(/) Earnings [ ₹14,222.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 7.88x ]
Thus, for CANARA BANK, the investors are currently willing to pay 7.88 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 | 7.88 | 112,029.7 |
STATE BANK OF INDIA | 64,745.00 | 11.05 | 715,218.0 |
PUNJAB NATIONAL BANK | 6,969.14 | 21.56 | 150,245.0 |
BANK OF BARODA | 18,503.80 | 7.49 | 138,670.0 |
UNION BANK OF INDIA | 13,197.70 | 8.73 | 115,153.0 |
INDIAN OVERSEAS BANK | 2,510.97 | 50.26 | 126,192.0 |
INDIAN BANK | 7,330.86 | 9.68 | 70,931.1 |
BANK OF INDIA | 6,273.71 | 10.91 | 68,426.6 |
UCO BANK | 1,709.22 | 39.89 | 68,184.8 |
CENTRAL BANK OF INDIA | 2,339.22 | 24.46 | 57,224.8 |
BANK OF MAHARASHTRA | 4,055.84 | 11.81 | 47,884.2 |
Bank - Public Industry Benchmark (Top 10) PE Analysis vs CANARA BANK's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 7.49x |
Max industry PE | 50.26x |
Median industry PE | 11.05x |
Average industry PE | 18.52x |
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