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CANARA BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of CANARA BANK is 5.68.

Share Price ₹97.8Nov 19,2024
Market Cap ₹88,666.1 Cr
Earnings-TTM₹15,609.0 CrTTM-Consolidated Results
Price/Earnings5.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CANARA 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 CANARA BANK is calculated as :

Current Market Cap [ ₹88,666.1 Cr] as on Nov 19,2024

(/) Earnings [ ₹15,609.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 5.68x ]

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

Thus, for CANARA BANK, the investors are currently willing to pay 5.68 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 latest p/e ratio is 5.68x.

- CANARA BANK's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.54x.

- CANARA BANK's operated at median p/e ratio of 1.38x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CANARA BANK's p/e ratio peaked in Mar2021 at 8.67x.

- 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 RatioMarket Cap
CANARA BANK15,609.005.6888,666.1
STATE BANK OF INDIA72,919.509.56696,878.0
PUNJAB NATIONAL BANK13,501.708.20110,780.0
BANK OF BARODA19,799.805.97118,217.0
UNION BANK OF INDIA15,243.005.7687,862.8
INDIAN OVERSEAS BANK2,962.8331.7694,096.2
INDIAN BANK9,553.977.4871,449.7
BANK OF INDIA7,527.516.1346,164.1
UCO BANK2,182.3022.7649,665.1
CENTRAL BANK OF INDIA3,346.9513.3744,732.9
BANK OF MAHARASHTRA4,874.368.0939,450.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 5.68x
Max industry PE 31.76x
Median industry PE 8.09x
Average industry PE 11.34x



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