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Canara Bank PB Ratio

Canara Bank PB Ratio

stocks purchased

₹ 13.3 Cr

Volume Transacted

(Nov 7, 2024)

stocks purchased

1269.8 K

Stocks Traded

(Nov 7, 2024)

Last Updated on: Nov 07, 2024

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Canara Bank

NSE: CANBK

PB

1

Last updated on: Nov 07, 2024

Key Highlights

  • The P/B Ratio of Canara Bank is 1 as of 07 Nov 24.
  • The P/B Ratio of Canara Bank changed from 0.7 on March 2022 to 1.3 on March 2024 . This represents a CAGR of 22.92% over 3 years. .

Historical P/B Ratio of Canara Bank

No data available

Company Fundamentals for Canara Bank

Market Cap

95,287 Cr

EPS

17.6

P/E Ratio (TTM) *

6.0

P/B Ratio (TTM) *

1.0

Day’s High *

106.5

Day’s Low

104.75

DTE *

NaN

ROE *

15.2

52 Week High

129.35

52 Week Low

76.31

ROCE *

1.6

Market Price Over Time

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

Date
leftPrice (₹)right
07 Nov 2024105.05
06 Nov 2024105.3
05 Nov 2024103.6
04 Nov 2024101.95
01 Nov 2024103.95
31 Oct 2024102.65
30 Oct 2024103.4
29 Oct 2024103.7
28 Oct 2024100.65
25 Oct 202494.35

SWOT Analysis Of Canara Bank

Strength

4

S

Weakness

1

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Canara Bank

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Canara Bank

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Canara Bank195,287
HDFC Bank Ltd60213,34,336
ICICI Bank Ltd3619,02,224
State Bank of India4147,66,848
Axis Bank Ltd5323,59,135
Kotak Mahindra Bank Ltd5563,47,392

Key Valuation Metric of Canara Bank

Share Price

₹105

PB Ratio

The price-to-book (P/B) ratio compares a company's market capitalization to its book value by dividing its stock price per share by its book value per share.


How to calculate Price-to-Book (P/B) Ratio?

The Price-to-Book Ratio is used to determine the relationship between the total value of a company's outstanding shares and the net value of its assets. Before calculating the P/B ratio, investors need to overlook the market capitalization of a company.


Market capitalization = market value of a stock X no. of outstanding shares


Now, you need to know the net value of an organization's assets.

Book Value of Assets = Total Assets - Total Liabilities of a company


After knowing the value of the above ratios, here is the formula for the P/B Ratio:

P/B Ratio = Market Capitalization/ Book Value of Assets


or you can also use this formula

P/B ratio = Market Price Per Share/ Book Value of Asset Per Share

Historical Market Cap of Canara Bank

No data available

* All values are in crore

Historical Revenue of Canara Bank

No data available

* All values are in crore

Historical EBITDA of Canara Bank

No data available

* All values are in crore

Historical Net Profit of Canara Bank

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Canara Bank News Hub

News

Canara Bank gains after Q2 PAT rises 11% YoY to Rs 4,015 cr

Net interest income (NII) grew by 4.63% to Rs 9,315 crore in Q2 FY25 as against Rs 8,903 c...

Read more

29 Oct 202414:14

News

Canara Bank to table results

Canara Bank will hold a meeting of the Board of Directors of the Company on 29 October 202...

Read more

19 Oct 202410:07

News

Canara Bank revises MCLRs across tenors

Canara Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) of the bank w...

Read more

10 Oct 202418:41

News

Canara Bank eases for fifth straight session

Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 103.71,...

Read more

07 Oct 202413:35

News

Canara Bank to conduct EGM

Canara Bank announced that an Extra Ordinary General Meeting (EGM) of the Company will be ...

Read more

01 Oct 202414:05

News

Canara Bank down for fifth straight session

Canara Bank is down for a fifth straight session today. The stock is quoting at Rs 101.83,...

Read more

09 Sep 202413:36

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FAQs for PB Ratio of Canara Bank

What is the PB ratio of Canara Bank?

The current PB ratio of Canara Bank is 1.02. 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.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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