PNB Housing Finance Limited

NSEI:PNBHOUSING Stock Report

Market Cap: ₹225.0b

PNB Housing Finance Valuation

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

Below Fair Value: PNBHOUSING (₹866.05) is trading above our estimate of fair value (₹530.51)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PNBHOUSING. This is calculated by dividing PNBHOUSING's market cap by their current earnings.
What is PNBHOUSING's PE Ratio?
PE Ratio13.4x
Earnings₹16.80b
Market Cap₹225.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PNBHOUSING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
AADHARHFC Aadhar Housing Finance
21.6x20.4%₹180.4b
IIFL IIFL Finance
11x25.3%₹173.3b
APTUS Aptus Value Housing Finance India
23.5x18.8%₹158.6b
LICHSGFIN LIC Housing Finance
6.9x5.2%₹336.2b
PNBHOUSING PNB Housing Finance
13.4x16.6%₹225.0b

Price-To-Earnings vs Peers: PNBHOUSING is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
531310 Available Finance
2.5xn/aUS$39.53m
538732 Vibrant Global Capital
4.9xn/aUS$17.58m
539217 Srestha Finvest
4.9xn/aUS$12.03m
531735 Prism Finance
2.6xn/aUS$2.31m
PNBHOUSING 13.4xIndustry Avg. 24.9xNo. of Companies18PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNBHOUSING is good value based on its Price-To-Earnings Ratio (13.4x) compared to the Indian Diversified Financial industry average (24.9x).

Price to Earnings Ratio vs Fair Ratio

What is PNBHOUSING'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.

PNBHOUSING PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio21.7x

Price-To-Earnings vs Fair Ratio: PNBHOUSING is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

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 PNBHOUSING forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹866.05
₹1,188.70
+37.3%
15.0%₹1,520.00₹887.00n/a10
Nov ’25₹968.15
₹1,188.70
+22.8%
15.0%₹1,520.00₹887.00n/a10
Oct ’25₹971.80
₹1,049.50
+8.0%
22.4%₹1,520.00₹650.00n/a10
Sep ’25₹977.45
₹975.00
-0.3%
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₹800.25
₹929.78
+16.2%
14.2%₹1,050.00₹650.00n/a9
Jun ’25₹722.90
₹914.75
+26.5%
14.5%₹1,025.00₹650.00n/a8
May ’25₹795.80
₹908.75
+14.2%
14.2%₹1,025.00₹650.00n/a8
Apr ’25₹749.30
₹883.86
+18.0%
15.5%₹1,025.00₹637.00n/a7
Mar ’25₹725.45
₹883.86
+21.8%
15.5%₹1,025.00₹637.00n/a7
Feb ’25₹820.10
₹851.14
+3.8%
23.9%₹1,025.00₹408.00n/a7
Jan ’25₹785.30
₹776.14
-1.2%
23.0%₹970.00₹408.00n/a7
Dec ’24₹779.15
₹771.86
-0.9%
22.5%₹950.00₹408.00n/a7
Nov ’24₹713.50
₹763.29
+7.0%
21.9%₹950.00₹408.00₹968.157
Oct ’24₹694.10
₹708.29
+2.0%
18.6%₹825.00₹408.00₹971.807
Sep ’24₹651.65
₹708.29
+8.7%
18.6%₹825.00₹408.00₹977.457
Aug ’24₹629.65
₹708.29
+12.5%
18.6%₹825.00₹408.00₹809.557
Jul ’24₹567.40
₹569.71
+0.4%
16.7%₹720.00₹408.00₹800.257
Jun ’24₹536.70
₹556.86
+3.8%
14.1%₹650.00₹408.00₹722.907
May ’24₹445.90
₹569.71
+27.8%
18.4%₹750.00₹408.00₹795.807
Apr ’24₹513.15
₹591.14
+15.2%
19.5%₹750.00₹373.00₹749.307
Mar ’24₹598.95
₹591.14
-1.3%
19.5%₹750.00₹373.00₹725.457
Feb ’24₹539.05
₹529.22
-1.8%
26.3%₹750.00₹340.00₹820.109
Jan ’24₹533.55
₹450.25
-15.6%
17.7%₹570.00₹340.00₹785.308
Dec ’23₹443.10
₹450.25
+1.6%
17.7%₹570.00₹340.00₹779.158
Nov ’23₹436.95
₹438.78
+0.4%
17.9%₹570.00₹340.00₹713.509

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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