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PB Ratio of Canara Bank

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Canara Bank

NSE: CANBK

PB Ratio

1

Last updated on: Dec 24, 2024

Key Highlights

  • The latest PB Ratio of Canara Bank is 1.
  • The PB ratio of the Canara Bank is below 1.5 which indicates that the stock is fairly valued.
  • The P/B Ratio of Canara Bank changed from 0.7 on March 2019 to 1.3 on March 2024 . This represents a CAGR of 10.87% over 6 years.

Historical P/B Ratio of Canara Bank

No data available

Company Fundamentals for Canara Bank

Market Cap

91,250 Cr

EPS

17.6

P/E Ratio (TTM)

5.7

P/B Ratio (TTM)

1.0

Day’s High

101.5

Day’s Low

99.8

DTE

NaN

ROE

15.2

52 Week High

129.35

52 Week Low

84.93

ROCE

1.6

Market Price of Canara Bank

1M

1Y

3Y

5Y

Monitoring Canara Bank share price can help you stay informed about potential market shifts and opportunities. *All values are in Rupees.

Last Ten Days Market Price

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SWOT Analysis Of Canara Bank

Strength

4

che

Weakness

1

che

Opportunity

0

che

Threats

1

che

BlinkX Score for Canara Bank

Asset Value vs Market Value of Canara Bank

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

...

Historical Market Cap of Canara Bank

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Canara Bank

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

FAQs for PB Ratio of Canara Bank

What is the PB ratio of Canara Bank?

The current PB ratio of Canara Bank is 0.98. The Price-to-Book value (P/B) ratio compares a company's current share price to its book value per share. It helps assess whether a stock is overvalued or undervalued relative to its net asset value.

What is the ideal PB ratio to buy Canara Bank stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Canara Bank. Some investors and financial analysts may also consider any value under 3.0 as a good PB ratio.

How is the PB Ratio of Canara Bank calculated?

The PB ratio of Canara Bank is calculated by dividing the current share price by the book value per share. The book value per share is determined by dividing the company’s total net assets (assets minus liabilities) by the number of outstanding shares. This ratio helps evaluate how the market values the company's assets.

What does a high PB Ratio mean for Canara Bank?

A high PB ratio suggests that Canara Bank’s stock may be overvalued relative to its book value or that investors expect high growth.

What does a low PB Ratio indicate for Canara Bank?

A low PB ratio of Canara Bank may indicate that the stock is undervalued or it is facing financial difficulties.

Can Canara Bank PB Ratio change over time?

Yes, the PB ratio of Canara Bank can change over time due to fluctuations in the company’s stock price and changes in its book value.

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