UNION BANK OF INDIA
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The Current P/E Ratio of UNION BANK OF INDIA is 5.80.
Share Price | ₹115.9 | Nov 04,2024 |
Market Cap | ₹88,473.4 Cr | |
Earnings-TTM | ₹15,243.0 Cr | TTM-Consolidated Results |
Price/Earnings | 5.80x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of UNION BANK OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹88,473.4 Cr] as on Nov 04,2024
(/) Earnings [ ₹15,243.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 5.80x ]
Thus, for UNION BANK OF INDIA, the investors are currently willing to pay 5.80 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 UNION BANK OF INDIA!
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 UNION BANK OF INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of UNION BANK OF INDIA
PE Ratio Performance Analysis for UNION BANK OF INDIA
- UNION BANK OF INDIA's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 5.30x.
- UNION BANK OF INDIA's operated at median p/e ratio of 5.34x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, UNION BANK OF INDIA's p/e ratio peaked in Mar2024 at 8.49x.
- UNION BANK OF INDIA's p/e ratio hit its five-year low in Mar2020 of 0x.
How does UNION BANK OF INDIA'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 |
---|---|---|---|
UNION BANK OF INDIA | 15,243.00 | 5.80 | 88,473.4 |
STATE BANK OF INDIA | 69,083.10 | 10.72 | 740,609.0 |
PUNJAB NATIONAL BANK | 13,501.70 | 8.83 | 119,182.0 |
BANK OF BARODA | 19,799.80 | 6.60 | 130,706.0 |
INDIAN OVERSEAS BANK | 2,962.83 | 33.91 | 100,466.0 |
CANARA BANK | 15,609.00 | 5.92 | 92,475.3 |
INDIAN BANK | 9,553.97 | 8.06 | 76,958.8 |
BANK OF INDIA | 6,617.59 | 7.45 | 49,282.6 |
UCO BANK | 2,182.30 | 24.90 | 54,339.8 |
CENTRAL BANK OF INDIA | 3,346.95 | 14.52 | 48,587.2 |
BANK OF MAHARASHTRA | 4,874.36 | 8.58 | 41,803.6 |
Bank - Public Industry Benchmark (Top 10) PE Analysis vs UNION BANK OF INDIA's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 5.80x |
Max industry PE | 33.91x |
Median industry PE | 8.58x |
Average industry PE | 12.30x |
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