Canara Bank

BSE:532483 Stock Report

Market Cap: ₹921.2b

Canara Bank Valuation

Is 532483 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532483 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532483 (₹101.55) is trading below our estimate of fair value (₹162.1)

Significantly Below Fair Value: 532483 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532483?

Key metric: As 532483 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532483. This is calculated by dividing 532483's market cap by their current earnings.
What is 532483's PE Ratio?
PE Ratio5.8x
Earnings₹159.97b
Market Cap₹921.22b

Price to Earnings Ratio vs Peers

How does 532483's PE Ratio compare to its peers?

The above table shows the PE ratio for 532483 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
IDBI IDBI Bank
13xn/a₹882.8b
UNIONBANK Union Bank of India
6.1x5.0%₹938.0b
IOB Indian Overseas Bank
33.9xn/a₹1.0t
INDUSINDBK IndusInd Bank
9.6x16.7%₹780.5b
532483 Canara Bank
5.8x6.3%₹921.2b

Price-To-Earnings vs Peers: 532483 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does 532483's PE Ratio compare vs other companies in the IN Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
532483 5.8xIndustry Avg. 10.3xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532483 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the Indian Banks industry average (10.3x).

Price to Earnings Ratio vs Fair Ratio

What is 532483's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532483 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: 532483 is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532483 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹101.55
₹121.81
+20.0%
11.9%₹140.00₹83.00n/a16
Nov ’25₹103.95
₹121.00
+16.4%
12.1%₹140.00₹83.00n/a15
Oct ’25₹110.45
₹121.47
+10.0%
13.9%₹145.00₹83.00n/a15
Sep ’25₹111.50
₹121.60
+9.1%
13.5%₹145.00₹88.00n/a15
Aug ’25₹112.70
₹121.60
+7.9%
13.5%₹145.00₹88.00n/a15
Jul ’25₹118.25
₹120.24
+1.7%
15.9%₹140.00₹82.00n/a15
Jun ’25₹118.00
₹114.84
-2.7%
18.1%₹140.00₹73.00n/a15
May ’25₹124.37
₹104.59
-15.9%
17.2%₹134.00₹73.00n/a15
Apr ’25₹117.80
₹103.25
-12.3%
16.9%₹134.00₹73.00n/a15
Mar ’25₹115.71
₹100.34
-13.3%
16.9%₹132.00₹72.00n/a14
Feb ’25₹100.28
₹97.06
-3.2%
12.9%₹114.00₹72.00n/a14
Jan ’25₹88.59
₹85.76
-3.2%
11.8%₹110.00₹72.00n/a14
Dec ’24₹82.04
₹83.19
+1.4%
9.8%₹98.00₹63.00n/a14
Nov ’24₹76.64
₹81.74
+6.7%
10.1%₹93.20₹63.00₹103.9514
Oct ’24₹75.27
₹76.80
+2.0%
8.0%₹86.80₹63.00₹110.4513
Sep ’24₹65.68
₹76.49
+16.5%
8.4%₹86.80₹63.00₹111.5013
Aug ’24₹68.11
₹76.49
+12.3%
8.4%₹86.80₹63.00₹112.7013
Jul ’24₹60.36
₹74.23
+23.0%
7.0%₹82.80₹63.00₹118.2512
Jun ’24₹61.89
₹74.07
+19.7%
7.6%₹82.80₹61.00₹118.0012
May ’24₹63.47
₹73.42
+15.7%
6.1%₹80.00₹68.00₹124.3711
Apr ’24₹56.90
₹72.96
+28.2%
6.2%₹82.00₹68.00₹117.8010
Mar ’24₹57.72
₹73.46
+27.3%
5.7%₹82.00₹68.00₹115.7110
Feb ’24₹56.95
₹73.46
+29.0%
5.7%₹82.00₹68.00₹100.2810
Jan ’24₹66.71
₹64.46
-3.4%
9.4%₹76.40₹56.00₹88.5910
Dec ’23₹64.18
₹63.16
-1.6%
10.0%₹76.40₹56.00₹82.0410
Nov ’23₹58.38
₹62.06
+6.3%
10.2%₹76.40₹56.00₹76.6410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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