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PUNJAB NATIONAL BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of PUNJAB NATIONAL BANK is 19.65.

Share Price ₹124.4Mar 28,2024
Market Cap ₹136,921.8 Cr
Earnings-TTM₹6,969.1 CrTTM-Consolidated Results
Price/Earnings19.65xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PUNJAB NATIONAL BANK

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of PUNJAB NATIONAL BANK is calculated as :

Current Market Cap [ ₹136,921.8 Cr] as on Mar 28,2024

(/) Earnings [ ₹6,969.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.65x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for PUNJAB NATIONAL BANK, the investors are currently willing to pay 19.65 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 PUNJAB NATIONAL 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 PUNJAB NATIONAL BANK over the last five years.

Historical PE (Price/Earnings) ratio chart of PUNJAB NATIONAL BANK


PE Ratio Performance Analysis for PUNJAB NATIONAL BANK

- PUNJAB NATIONAL BANK's latest p/e ratio is 19.65x.

- PUNJAB NATIONAL BANK's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.01x.

- PUNJAB NATIONAL BANK's operated at median p/e ratio of 14.99x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PUNJAB NATIONAL BANK's p/e ratio peaked in Mar2020 at 49.71x.

- PUNJAB NATIONAL BANK's p/e ratio hit its five-year low in Mar2019 of 0x.


How does PUNJAB NATIONAL BANK's P/E Ratio benchmark against top 10 peers in Bank - Public Industry?

Peer Comparison (Bank - Public Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PUNJAB NATIONAL BANK6,969.1419.65136,921.8
STATE BANK OF INDIA64,745.0010.37671,666.0
BANK OF BARODA18,503.807.38136,627.0
UNION BANK OF INDIA13,197.708.88117,138.0
INDIAN OVERSEAS BANK2,510.9745.15113,377.0
CANARA BANK14,222.007.41105,419.0
INDIAN BANK7,330.869.5770,129.7
BANK OF INDIA6,273.719.9462,371.6
UCO BANK1,709.2236.5362,434.0
CENTRAL BANK OF INDIA2,339.2222.1851,894.7
BANK OF MAHARASHTRA3,677.8611.9944,109.9

Bank - Public Industry Benchmark (Top 10) PE Analysis vs PUNJAB NATIONAL BANK's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 7.38x
Max industry PE 45.15x
Median industry PE 10.37x
Average industry PE 17.19x



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