P

Punjab National Bank

PNBNSE
Market snapshot · 2026-08-11 12:19 UTC

114.03

+₹0.53 (+0.47%)

MARKET CAP

₹1.31L Cr

STOCK P/E

5.9x

52W HIGH

₹135.15

52W LOW

₹98.50

BOOK VALUE

₹136.05

EPS

₹19.22

ROE

14.97%

SECTOR

Financials

GROSS NPA

2.78%

VOLUME

1.43Cr

P/B RATIO

0.84x

NET NPA

0.28%

Sector

Financials

Themes

Public BanksPsuPresident of India Portfolio
D
Dividend
E
Earnings
₹128.62₹120.97₹113.33₹105.68₹98.03VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for PNB.

17.00 analysts

Price Forecast

Current
₹114.03
High Target
₹135.00
▲ +18.4%
Median Target
₹125.00
▲ +9.6%
Low Target
₹88.00
▼ -22.8%
Now₹114.03High ₹135.00Median ₹125.00Low ₹88.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
17 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹96.78 - ₹136.5280%
6M₹90.85 - ₹147.7880%
12M₹83.46 - ₹166.0880%
Realized vol: +26.8% · Drift: +6.8%

Revenue Forecast

₹ Cr
Jun '26Current₹32,897.0
Sep 2026 ETrend estimate range
High₹35,143.1Base₹32,539.9Low₹29,936.7
Sep '25: ₹31,872.0 · Dec '25: ₹32,231.0 · Mar '26: ₹32,157.0 · Jun '26: ₹32,897.0 · Sep '26: ₹32,539.9 · Dec '26: ₹32,906.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E31,872.032,231.032,157.032,897.032,539.932,906.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹4.57
Sep 2026 ETrend estimate range
High₹7.17Base₹6.40Low₹5.64
Sep '25: ₹4.27 · Dec '25: ₹4.44 · Mar '26: ₹4.55 · Jun '26: ₹4.57 · Sep '26: ₹6.40 · Dec '26: ₹6.66
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E4.274.444.554.576.406.66
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
63%
Analyst Consensus
Weakening

From 17 analysts

Mean upside+7.0%

Fundamentals

Strong

Fundamentals institutional score is 72 using EVA spread proxy 3.0%; growth durability 77.2.

Valuation

Premium valuation

Valuation institutional score is 29 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 50 using mean target upside 7.0%; dispersion penalty 15.4; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 90 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price122 target
Mean Upside+7.0%
Technical Score90%
Fundamental Score72%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 11.2% above historical median. Valuation is stable — currently in the overvalued zone (z-score: +0.71). Confidence: 50%.

Live forward EPS implies next-12-month EPS of ₹17.18. Applying the stock's normalized valuation corridor produces a fair range of ₹78.34 to ₹106.17, with base value near ₹92.26 (-18.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹17.18

Forward P/E

6.6x

Base Fair Value

₹92.26

Fair Range

₹78.34 - ₹106.17

Upside To Base

-18.7%

Estimate Source

Live forward EPS

Growth Estimate

+1.9%

P/B
Undervalued

5Y Average

0.88

Current

0.83

Overvalued

1.01

Undervalued

0.75

P/E
Overvalued

5Y Average

4.14

Current

5.97

Overvalued

6.18

Undervalued

4.56

P/S
Strongly Overvalued

5Y Average

1.56

Current

2.25

Overvalued

1.79

Undervalued

1.33

Peers & Comparison

Sector: Financials · Theme: Public Banks

Public Banks Peers8 peers
Avg P/E: 8.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
UNION BANK OF INDIA
UNIONBANKPublic Banks
40.5%
6.7x
Undervalued
-18% vs avg
+33.6%
BANK OF BARODA
BANKBARODAPublic Banks
+18.0%27.4%
7.0x
Fair
-15% vs avg
+1.9%
CANARA BANK
CANBKPublic Banks
-12.9%43.1%
6.1x
Undervalued
-26% vs avg
+17.8%
INDIAN BANK
INDIANBPublic Banks
+10.3%36.4%
9.2x
Fair
+12% vs avg
+32.5%
BANK OF INDIA
BANKINDIAPublic Banks
+18.5%35.0%
5.3x
Undervalued
-35% vs avg
+24.2%
BANK OF MAHARASHTRA
MAHABANKPublic Banks
+21.8%53.4%
8.1x
Fair
-1% vs avg
+41.7%
INDIAN OVERSEAS BANK
IOBPublic Banks
+48.1%36.6%
11.6x
Premium
+41% vs avg
-6.4%
UCO BANK
UCOBANKPublic Banks
+53.0%21.5%
11.7x
Premium
+43% vs avg
-7.8%
WHY THESE PEERS

PUNJAB NATIONAL BANK trades at a discount (5.9x vs peer avg 8.2x), suggesting potential undervaluation relative to the Public Banks cohort. Peers include UNION BANK OF INDIA, BANK OF BARODA, CANARA BANK — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹32.90K CrJun 2026

Latest net profit

₹5.25K CrJun 2026

Free cash flow

₹24.75K CrMar 2026

Net Profit

₹5.25K CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-7.00L Cr0.00 Cr7.00L Cr14.00L Cr21.00L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +25,14526,35527,28828,11328,55629,87531,34031,98931,96431,87232,23132,15732,897
Interest15,64116,43216,99517,75018,08019,35820,30821,23221,38621,40321,69821,77622,099
Expenses +10,93510,1799,3759,7838,8178,5237,5389,0579,0888,2279,2247,4668,154
Financing Profit-1,431-2569185801,6591,9933,4941,7001,4902,2421,3092,9152,645
Financing Margin %-6%-1%3%2%6%7%11%5%5%7%4%9%8%
Other Income +3,4343,0282,6744,2483,6104,5723,4124,7165,2684,3425,0224,1624,333
Depreciation-0-0-0-0-0-0-0-0-0-0-0-0-0
Profit before tax2,0032,7723,5924,8285,2696,5656,9066,4166,7586,5846,3317,0776,978
Tax %37%37%38%38%38%34%35%29%75%26%19%26%25%
Net Profit +1,2551,7562,2233,0103,2524,3034,5084,5671,6754,9045,1005,2255,253
EPS in Rs1.141.592.022.732.953.743.923.971.464.274.444.554.57
Gross NPA %7.73%6.96%6.24%5.73%4.98%4.48%4.09%3.95%3.78%3.45%3.19%2.95%2.78%
Net NPA %1.98%1.47%0.96%0.73%0.60%0.46%0.41%0.40%0.38%0.36%0.32%0.29%0.28%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +70.08%70.08%70.08%70.08%70.08%
FIIs +5.52%5.67%5.93%6.39%5.93%
DIIs +15.06%15.54%16.09%16.05%16.06%
Public +9.34%8.70%7.91%7.48%7.91%
Others0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Review Of Interest Rate

Jul 31, 2026PDFCompany Reports Open

Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 And 51 Of SEBI (LODR) Regulations, 2015

Jul 29, 2026PDFCompany Reports Open

Board Meeting Intimation for To Consider And Approve The Proposal For Raising Of Foreign Currency Funds Through Debt Issuance.

Jul 24, 2026PDFCompany Reports Open