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UNION BANK OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of UNION BANK OF INDIA is 8.15.

Share Price ₹140.9Apr 19,2024
Market Cap ₹107,519.3 Cr
Earnings-TTM₹13,197.7 CrTTM-Consolidated Results
Price/Earnings8.15xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of UNION BANK OF INDIA

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 UNION BANK OF INDIA is calculated as :

Current Market Cap [ ₹107,519.3 Cr] as on Apr 19,2024

(/) Earnings [ ₹13,197.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 8.15x ]

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

Thus, for UNION BANK OF INDIA, the investors are currently willing to pay 8.15 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 latest p/e ratio is 8.15x.

- UNION BANK OF INDIA's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.60x.

- UNION BANK OF INDIA's operated at median p/e ratio of 5.03x 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 Mar2021 at 7.62x.

- 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 RatioMarket Cap
UNION BANK OF INDIA13,197.708.15107,519.3
STATE BANK OF INDIA64,745.0010.35670,060.0
PUNJAB NATIONAL BANK6,969.1420.26141,216.0
BANK OF BARODA18,503.807.18132,878.0
INDIAN OVERSEAS BANK2,510.9746.11115,777.0
CANARA BANK14,222.007.38104,984.0
INDIAN BANK7,330.869.4369,119.5
BANK OF INDIA6,273.719.8461,734.2
UCO BANK1,709.2237.3963,904.6
CENTRAL BANK OF INDIA2,339.2223.0453,891.3
BANK OF MAHARASHTRA3,677.8611.8543,571.7

Bank - Public Industry Benchmark (Top 10) PE Analysis vs UNION BANK OF INDIA's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 7.18x
Max industry PE 46.11x
Median industry PE 10.35x
Average industry PE 17.36x



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