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PNB · NSE · Public Sector Bank

Punjab National Bank

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
cheap low confidence No valuation within 120 days; P/E 6.1 vs peers 8.5 (4th of 12); P/B 0.87 vs peers 1.0 (4th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Punjab National Bank's share price today?

Punjab National Bank last traded at ₹116.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.8% on the day, up 0.0% over a year. Its 52-week range is ₹98 to ₹135. The live price is in the app.

₹116.00 −0.8% today
+0.0% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range48% of the way up
Low ₹98High ₹135

What is Punjab National Bank's market cap?

Punjab National Bank's market capitalisation is about ₹1.34 lakh crore: what it would cost to buy every share at today's price. That makes it the 72nd largest large cap company we cover.

₹1.3 L Cr Large Cap72nd largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: PNB
ISIN
INE160A01022
Cap bucket
Large Cap, 72nd largest by market cap
Industry (NSE)
Financial Services › Banks › Public Sector Bank
Listed since
2002
Futures and options
Traded

Is Punjab National Bank overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.1 vs peers 8.5 (4th of 12); P/B 0.87 vs peers 1.0 (4th of 12).

Valuation

Latest price and trailing 12 months
P/E 6.10
vs peers 8.5 · 4th of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 0.87
vs peers 1.0 · 4th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹1.34 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 3.0%
vs peers 3.2% · 6th of 9
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 1.34
vs peers 2.6 · 3rd of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.08
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Punjab National Bank a quality business?

Quality score 30.3, 12th of 12 in its peer set; CLEAN on 20 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 30.3
vs peers 48.1 · 12th of 12
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
20 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin 2.5%
vs peers 2.8% · 10th of 12
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA 2.8%
vs peers 1.9% · 12th of 12
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA 0.3%
vs peers 0.4% · 5th of 12
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage 90.3%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost 0.2%
vs peers 0.6% · 1st of 12
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 51.8%
vs peers 49.1% · 9th of 12
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 0.9%
vs peers 1.1% · 9th of 12
Profit as a share of average total assets. Learn more →
CET1 ratio 14.5%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY 13.7%
vs peers 17.2% · 11th of 12
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY 9.2%
vs peers 12.3% · 10th of 12
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Has Punjab National Bank made money for shareholders?

Yes: +0.0% over one year and +23.0% a year over five years.

Shareholder returns

1-year return +0.0%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +23.0% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+4.1%
1M
+2.0%
3M
+10.0%
6M
+5.6%
1Y
+0.0%
3Y
+15.7%
5Y
+23.0%

Does Punjab National Bank pay a dividend?

Yes. Punjab National Bank's dividend yield is 2.98% at the latest price; the last payout was ₹3.00 a share, ex-dividend 12 Jun 2026.

Dividends

Per share, by ex-dividend date
Dividend yield2.98%
The past 12 months' dividends as a share of today's price.
12 Jun 2026 · Final₹3.00
20 Jun 2025 · Final₹2.90
21 Jun 2024 · Final₹1.50
23 Jun 2023 · Final₹0.65
22 Jun 2022 · Final₹0.64
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Punjab National Bank growing?

Loan growth 13.7%; deposit growth 9.2%; revenue 3 years 14.9% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth 13.7%
vs peers 17.2% · 11th of 12
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth 9.2%
vs peers 12.3% · 10th of 12
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 14.9% a year
vs peers 14.1% · 5th of 12
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 73.9% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 11.0% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years 40.0% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did Punjab National Bank do last quarter?

Punjab National Bank reported income of ₹37,954 Cr, up 6.5% on a year earlier and a net profit of ₹5,815 Cr, down 0.5% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹37,954 Cr
+6.5% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹5,815 Cr
−0.5% on a year earlier
What was left for shareholders after every cost and tax.

How does Punjab National Bank compare with its peers?

Compared with 11 Public Sector Bank; 4th of 12 on P/E; 12th of 12 on quality score.

Compared with 11 Public Sector Bank

11 companies

Punjab National Bank against its peers

Largest 10 of 11 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Punjab National Bank₹1.3 L Cr6.10.913.4%+0.0%
State Bank of India₹8.9 L Cr10.31.817.3%+8.6%
Union Bank of India₹1.3 L Cr6.41.016.3%+23.7%
Bank of Baroda₹1.2 L Cr6.70.813.8%−12.1%
Indian Bank₹1.1 L Cr8.71.618.2%+5.9%
Canara Bank₹1.1 L Cr5.51.018.0%−6.3%
Bank of Maharashtra₹63,963 Cr8.51.524.2%+44.4%
Bank of India₹61,215 Cr5.20.814.0%+6.0%
Indian Overseas Bank₹58,887 Cr10.01.812.3%−23.2%
UCO Bank₹29,154 Cr10.40.99.5%−26.9%
Central Bank of India₹27,245 Cr6.00.813.0%−20.4%
Peer median—8.51.014.0%−6.3%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Punjab National Bank?

Punjab National Bank is held by promoters 70.1%, foreign institutions 5.9%, domestic institutions 16.1%.

Shareholding pattern

Latest filing, percent of shares
Promoters70.1%
The founders and controlling group.
Foreign institutions5.9%
Overseas funds investing through the FPI route.
Domestic institutions16.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds6.5%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Punjab National Bank?

17 analysts cover Punjab National Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

17 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Punjab National Bank do and what is it sensitive to?

Banking entity providing deposits, advances across agriculture/MSME/retail/corporate lending, treasury products and third-party services to individuals, corporates, farmers, government, start-ups and MSMEs; serves 17.68 crore customers through 10,189 branches across 28 Indian states and 7 UTs. Sensitive to: global trade tensions and tariff escalation.

Business-model card

FY2025 · 32 verified
6Revenue
4Channels
2Regulators
2Reg. dependencies
4Sensitivities
0Costs
1Geographies

Banking entity providing deposits, advances across agriculture/MSME/retail/corporate lending, treasury products and third-party services to individuals, corporates, farmers, government, start-ups and MSMEs; serves 17.68 crore customers through 10,189 branches across 28 Indian states and 7 UTs.

Revenue by segment

year ended March 31, 2025 (Consolidated)
Treasury28.7%
Corporate/Wholesale Banking41.7%
Retail Banking - Digital Banking0.0%
Retail Banking - Other Retail Banking27.3%
Other Banking Operations2.3%

Revenue engine

6 verified
Corporate/Wholesale Banking (42.2%)
Lending to borrowers with exposure of ₹7.50 Crores and above; largest segment generating 42% of revenue
Treasury (28.0%)
Investment portfolio and trading in foreign exchange and derivative contracts; revenue from fees, trading gains/losses and interest income
Retail Banking (27.5%)
Lending to accounts with exposure under ₹7.50 Crores including housing, vehicle, personal loans; 8 Digital Banking Units operating
3 more statements
Non-Life Insurance commission income
Solicits non-life insurance business under corporate agency agreements with 5 insurers; 3.8% YoY growth in FY2025
Mutual Funds distribution commission
Distributor of 7 asset managers' products with online robo-advisory services through fintech partner; 31% YoY growth
Other Banking Operations
Segments not classified under treasury, corporate/wholesale or retail banking; 2.4% of revenue

Customers & channels

4 verified
Retail customers (27.5%)
Individuals, non-residents, partnerships, trusts, associations and joint account holders with exposure under ₹7.50 Crores
Corporate and wholesale customers (42.2%)
Large corporates, government entities, MSMEs, start-ups and farmers with exposure ₹7.50 Crores and above
Physical branch and ATM network
10,189 branches, 11,822 ATMs, 1,112 admin offices with presence in 731 districts across India and 2 international locations
1 more statement
Digital banking channels
8 Digital Banking Units (DBUs) operating as sub-segment; online and mobile banking complementing physical network

Regulators

2 verified
Reserve Bank of India
Primary regulator of banking operations, capital adequacy, liquidity, interest rates, loan restrictions and lending criteria
SEBI
Regulates capital market activities including listing obligations, disclosure requirements and corporate governance for listed entity

Regulatory dependencies

2 verified
RBI monetary policy and interest rate setting
Rate cuts compress Net Interest Margins as loan repricing outpaces deposit repricing; directly impacts profitability and growth
Corporate lending exposure thresholds
RBI defines corporate lending as exposures ₹7.50 Crores and above; drives segment classification and capital allocation

Sensitivities

4 verified
Global trade tensions and tariff escalation
Trade barriers weaken investment climate and export demand; dampens corporate lending, trade finance and capital inflows
Monsoon and agricultural sector performance
Weak harvests and adverse weather reduce rural incomes, agricultural lending quality and demand from farm-linked sectors
Global economic slowdown spillover
Weaker global demand reduces India's exports and capital inflows; impairs corporate profitability and credit quality
1 more statement
Global commodity price swings
Oil, metals and food price volatility affects inflation trajectory, RBI policy stance, borrower costs and repayment capacity

Geographies

1 verified
International operations (3.3%)
Branches in Dubai and Gift City, Ahmedabad (Offshore Banking Unit); represents 3.3% of total revenue
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (18 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 20 of 22 lender flags judged; no red flag; 2 could not be judged.
  • Data gapsBusiness quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 32 verified

Questions people ask

What is Punjab National Bank's share price today?

Punjab National Bank last traded at ₹116.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.8% on the day, up 0.0% over a year. Its 52-week range is ₹98 to ₹135. The live price is in the app.

What is Punjab National Bank's market cap?

Punjab National Bank's market capitalisation is about ₹1.34 lakh crore: what it would cost to buy every share at today's price. That makes it the 72nd largest large cap company we cover.

Is Punjab National Bank a large cap, mid cap or small cap?

Punjab National Bank (PNB) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Punjab National Bank's P/E ratio?

6.10, vs peers 8.5 · 4th of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Punjab National Bank overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.1 vs peers 8.5 (4th of 12); P/B 0.87 vs peers 1.0 (4th of 12).

How does Punjab National Bank make money?

Banking entity providing deposits, advances across agriculture/MSME/retail/corporate lending, treasury products and third-party services to individuals, corporates, farmers, government, start-ups and MSMEs; serves 17.68 crore customers through 10,189 branches across 28 Indian states and 7 UTs.

Why is there no Altman Z or debt to equity for Punjab National Bank?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are Punjab National Bank's peers?

Compared with 11 Public Sector Bank: State Bank of India, Union Bank of India, Bank of Baroda, Indian Bank, Canara Bank and 6 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Punjab National Bank do last quarter?

Punjab National Bank reported income of ₹37,954 Cr, up 6.5% on a year earlier and a net profit of ₹5,815 Cr, down 0.5% in the Jun 2026 quarter.

Who owns Punjab National Bank?

Punjab National Bank is held by promoters 70.1%, foreign institutions 5.9%, domestic institutions 16.1%.

Does Punjab National Bank pay a dividend?

Yes. Punjab National Bank's dividend yield is 2.98% at the latest price; the last payout was ₹3.00 a share, ex-dividend 12 Jun 2026.

What do analysts say about Punjab National Bank?

17 analysts cover Punjab National Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Punjab National Bank, and 6,621 other companies, with 212 filters and the full peer tables

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