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CANARA BANK
PS (Price/Sales) Ratio

The Current P/S Ratio of CANARA BANK is 0.93.

Share Price ₹113.8May 17,2024
Market Cap ₹103,224.6 Cr
Sales-TTM₹110,519.0 CrTTM-Consolidated Results
Price/Sales0.93xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of CANARA BANK

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

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of CANARA BANK is calculated as :

Current Market Cap [ ₹103,224.6 Cr] as on May 17,2024

(/) Sales [ ₹110,519.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.93x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for CANARA BANK, the investors are currently willing to pay '0.93 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of CANARA BANK!

The chart below summarizes the trend in P/S Ratio of CANARA BANK over the last five years.

Historical PS (Price/Sales) ratio chart of CANARA BANK


PS Ratio Performance Analysis for CANARA BANK

- CANARA BANK's latest p/e ratio is 0.93x.

- CANARA BANK's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.44x.

- CANARA BANK's operated at median p/e ratio of 0.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CANARA BANK's p/e ratio peaked in Mar2023 at 0.6x.

- CANARA BANK's p/e ratio hit its five-year low in Mar2020 of 0.19x.


How does CANARA BANK's P/S Ratio benchmark against top 10 peers in Bank - Public Industry?

Peer Comparison (Bank - Public Industry)Sales (Cr)PS RatioMarket Cap (Cr)
CANARA BANK110,519.00.93103,224.6
STATE BANK OF INDIA439,188.01.66729,899.0
PUNJAB NATIONAL BANK109,065.01.26137,693.0
BANK OF BARODA118,379.01.14135,102.0
UNION BANK OF INDIA100,376.01.06106,222.0
INDIAN OVERSEAS BANK24,065.74.87117,308.0
INDIAN BANK55,649.71.3172,722.6
BANK OF INDIA61,073.40.9256,043.3
UCO BANK21,854.32.8963,211.1
CENTRAL BANK OF INDIA30,848.91.7253,014.5
BANK OF MAHARASHTRA20,494.82.2245,427.0

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.92x
Max industry PS 4.87x
Median industry PS 1.31x
Average industry PS 1.82x



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