CANARA BANK
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The Current P/E Ratio of CANARA BANK is 5.68.
Share Price | ₹97.8 | Nov 19,2024 |
Market Cap | ₹88,666.1 Cr | |
Earnings-TTM | ₹15,609.0 Cr | TTM-Consolidated Results |
Price/Earnings | 5.68x | 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 [ ₹88,666.1 Cr] as on Nov 19,2024
(/) Earnings [ ₹15,609.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 5.68x ]
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 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 Ratio | Market Cap |
---|---|---|---|
CANARA BANK | 15,609.00 | 5.68 | 88,666.1 |
STATE BANK OF INDIA | 72,919.50 | 9.56 | 696,878.0 |
PUNJAB NATIONAL BANK | 13,501.70 | 8.20 | 110,780.0 |
BANK OF BARODA | 19,799.80 | 5.97 | 118,217.0 |
UNION BANK OF INDIA | 15,243.00 | 5.76 | 87,862.8 |
INDIAN OVERSEAS BANK | 2,962.83 | 31.76 | 94,096.2 |
INDIAN BANK | 9,553.97 | 7.48 | 71,449.7 |
BANK OF INDIA | 7,527.51 | 6.13 | 46,164.1 |
UCO BANK | 2,182.30 | 22.76 | 49,665.1 |
CENTRAL BANK OF INDIA | 3,346.95 | 13.37 | 44,732.9 |
BANK OF MAHARASHTRA | 4,874.36 | 8.09 | 39,450.0 |
Bank - Public Industry Benchmark (Top 10) PE Analysis vs CANARA BANK's P/E Ratio
Top 10 Industry Peers | PE 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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