PNB Housing Finance Limited

BSE:540173 Stock Report

Market Cap: ₹224.8b

PNB Housing Finance Valuation

Is 540173 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 540173 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 540173 (₹863.9) is trading above our estimate of fair value (₹530.32)

Significantly Below Fair Value: 540173 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 540173?

Key metric: As 540173 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 540173. This is calculated by dividing 540173's market cap by their current earnings.
What is 540173's PE Ratio?
PE Ratio13.4x
Earnings₹16.80b
Market Cap₹224.80b

Price to Earnings Ratio vs Peers

How does 540173's PE Ratio compare to its peers?

The above table shows the PE ratio for 540173 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
AADHARHFC Aadhar Housing Finance
21.7x20.4%₹181.0b
IIFL IIFL Finance
11.2x25.3%₹176.7b
APTUS Aptus Value Housing Finance India
23.2x18.5%₹156.8b
LICHSGFIN LIC Housing Finance
6.9x5.2%₹339.1b
540173 PNB Housing Finance
13.4x16.6%₹224.8b

Price-To-Earnings vs Peers: 540173 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does 540173's PE Ratio compare vs other companies in the IN Diversified Financial Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
531310 Available Finance
2.6xn/aUS$40.37m
539217 Srestha Finvest
4.9xn/aUS$12.04m
531735 Prism Finance
2.6xn/aUS$2.31m
538863 Sri Amarnath Finance
3.1xn/aUS$941.06k
540173 13.4xIndustry Avg. 26.1xNo. of Companies18PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 540173 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the Indian Diversified Financial industry average (26.1x).

Price to Earnings Ratio vs Fair Ratio

What is 540173'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.

540173 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio21.8x

Price-To-Earnings vs Fair Ratio: 540173 is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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 540173 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹863.90
₹1,188.70
+37.6%
15.0%₹1,520.00₹887.00n/a10
Nov ’25₹968.50
₹1,188.70
+22.7%
15.0%₹1,520.00₹887.00n/a10
Oct ’25₹974.00
₹1,049.50
+7.8%
22.4%₹1,520.00₹650.00n/a10
Sep ’25₹976.15
₹975.00
-0.1%
15.0%₹1,200.00₹650.00n/a10
Aug ’25₹809.55
₹964.44
+19.1%
15.6%₹1,200.00₹650.00n/a9
Jul ’25₹800.05
₹929.78
+16.2%
14.2%₹1,050.00₹650.00n/a9
Jun ’25₹722.15
₹914.75
+26.7%
14.5%₹1,025.00₹650.00n/a8
May ’25₹796.25
₹908.75
+14.1%
14.2%₹1,025.00₹650.00n/a8
Apr ’25₹749.55
₹883.86
+17.9%
15.5%₹1,025.00₹637.00n/a7
Mar ’25₹726.15
₹883.86
+21.7%
15.5%₹1,025.00₹637.00n/a7
Feb ’25₹819.30
₹851.14
+3.9%
23.9%₹1,025.00₹408.00n/a7
Jan ’25₹784.70
₹776.14
-1.1%
23.0%₹970.00₹408.00n/a7
Dec ’24₹779.10
₹771.86
-0.9%
22.5%₹950.00₹408.00n/a7
Nov ’24₹714.45
₹763.29
+6.8%
21.9%₹950.00₹408.00₹968.507
Oct ’24₹693.20
₹708.29
+2.2%
18.6%₹825.00₹408.00₹974.007
Sep ’24₹651.50
₹708.29
+8.7%
18.6%₹825.00₹408.00₹976.157
Aug ’24₹630.45
₹708.29
+12.3%
18.6%₹825.00₹408.00₹809.557
Jul ’24₹567.50
₹569.71
+0.4%
16.7%₹720.00₹408.00₹800.057
Jun ’24₹537.85
₹556.86
+3.5%
14.1%₹650.00₹408.00₹722.157
May ’24₹444.65
₹569.71
+28.1%
18.4%₹750.00₹408.00₹796.257
Apr ’24₹513.40
₹591.14
+15.1%
19.5%₹750.00₹373.00₹749.557
Mar ’24₹598.90
₹591.14
-1.3%
19.5%₹750.00₹373.00₹726.157
Feb ’24₹538.90
₹529.22
-1.8%
26.3%₹750.00₹340.00₹819.309
Jan ’24₹533.55
₹450.25
-15.6%
17.7%₹570.00₹340.00₹784.708
Dec ’23₹442.75
₹450.25
+1.7%
17.7%₹570.00₹340.00₹779.108
Nov ’23₹437.15
₹438.78
+0.4%
17.9%₹570.00₹340.00₹714.459

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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