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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Punjab National BankNSE:PNB +0.96%67 PB Ratio is 0.83 as of Aug. 02, 2026, which is 34% above its 10-year median of 0.62. GuruFocus rates NSE:PNB with a GF Score™ of 67/100 and a GF Value™ of ₹108.25 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,515 Banks companies, Punjab National Bank ranks better than 72.48% on this metric.
Punjab National Bank stock PB Ratio (=0.81) is close to 2-year low of 0.76.
The historical rank and industry rank for Punjab National Bank's PB Ratio or its related term are showing as below:
NSE:PNB'
s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.62 Max: 1.36
Current: 0.83
During the past 13 years, Punjab National Bank's highest PB Ratio was 1.36. The lowest was 0.28. And the median was 0.62.
NSE:PNB's PB Ratio is ranked better than 72.48% of 1515
companies
in the Banks industry
Industry Median: 1.11
vs NSE:PNB: 0.83
During the past 12 months, Punjab National Bank's average Book Value Per Share Growth Rate was 13.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Punjab National Bank was 19.90% per year. The lowest was -22.50% per year. And the median was 8.80% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Punjab National Bank PB Ratio Related Terms
Punjab National Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for Punjab National Bank's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Punjab National Bank PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Punjab National Bank's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Punjab National Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Punjab National Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where Punjab National Bank's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Punjab National Bank (NSE:PNB) has a PB Ratio of 0.83 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Punjab National Bank and its competitors. This is 34% above median its historical median of 0.62. Over the past decade, Punjab National Bank's PB Ratio has ranged from 0.28 to 1.36. According to the industry distribution chart, Punjab National Bank ranks #417 out of 1515 companies in the Banks industry, placing it in the top 27.5%.
Is Punjab National Bank's PB Ratio too high?
Punjab National Bank's current PB Ratio of 0.83 is 34% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.36. The Banks industry median PB Ratio is 1.11. Punjab National Bank's value of 0.83 is 25.2% below this industry median. Based on the distribution chart, Punjab National Bank ranks #417 out of 1515 companies in the Banks industry, which is above the industry midpoint. Overall, Punjab National Bank has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Punjab National Bank's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Punjab National Bank ranks #417 out of 1515 companies for PB Ratio. This puts Punjab National Bank in the upper half of its industry. The industry median PB Ratio is 1.11. Punjab National Bank's value of 0.83 is 25.2% below this benchmark. Historically, Punjab National Bank's own PB Ratio has ranged from 0.28 to 1.36 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.11, Punjab National Bank has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.11, based on 1,515 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Punjab National Bank's current PB Ratio of 0.83 is 25.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Punjab National Bank and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punjab National Bank's current PB Ratio is 0.83, which is 34% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punjab National Bank stock overvalued right now?
Based on GuruFocus' analysis, Punjab National Bank (NSE:PNB) is currently considered Fairly Valued. The stock's GF Value™ is ₹108.25, compared to a current price of ₹112.71 — trading 4.1% above its estimated fair value. The current PB Ratio is 0.83, which is 34% above median its 10-year median of 0.62 and 25.2% below the Banks industry median of 1.11. Punjab National Bank's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Punjab National Bank (NSE:PNB), the current PB Ratio is 0.83 as of Aug. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Punjab National Bank (NSE:PNB) Overvalued in 2026?
Based on GuruFocus' analysis, Punjab National Bank stock appears to be overvalued.
The current stock price of ₹112.71 is trading 4.1% above its estimated GF Value™ of ₹108.25.
GuruFocus considers Punjab National Bank to be Fairly Valued.
Key valuation signals for NSE:PNB:
PB Ratio: 0.83 (34% above median its 10-year median of 0.62)
GF Value™: ₹108.25 vs. price of ₹112.71 (4.1% above fair value)
Industry Position: 25.2% below the Banks median (#417 of 1515)
No single metric tells the full story. See the NSE:PNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Punjab National Bank is an Indian public sector bank. It provides all banking products and financial services including acceptance of various kinds of deposits like savings, term, current, recurring deposits etc. and credit financing. Its banking operations cater to individuals, corporates, farmers, government entities, start-ups, MSMEs, and other constituents, offering comprehensive Product offering and services. Its primary segments are Treasury, Retail Banking, Corporate / Wholesale Banking, and Other Banking Operations. The bank generates majority of revenue from Corporate / Wholesale Banking includes all advances which are not included under Retail Banking. Secondary segments are Domestic operations, and Foreign Operations. It generates majority of income from Domestic operations.
67GF Score
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