PE Ratio without NRI / 5-Year Book Value Growth Rate*
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, Canara Bank's PE Ratio without NRI is 1.35. Canara Bank's 5-Year Book Value growth rate is 0.90%. Therefore, Canara Bank's PEG Ratio for today is 1.50.
* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Canara Bank's PEG Ratio or its related term are showing as below:
BOM:532483'
s PEG Ratio Range Over the Past 10 Years
Min: 1.46 Med: 1.62 Max: 1.67
Current: 1.5
During the past 13 years, Canara Bank's highest PEG Ratio was 1.67. The lowest was 1.46. And the median was 1.62.
BOM:532483's PEG Ratio is ranked worse than 50.35% of 1144
companies
in the Banks industry
Industry Median: 1.48
vs BOM:532483: 1.50
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Canara Bank PEG Ratio Historical Data
The historical data trend for Canara Bank's PEG 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.
For the Banks - Regional subindustry, Canara Bank's PEG Ratio, along with its competitors' market caps and PEG 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.
Canara Bank's PEG Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Canara Bank's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Canara Bank's PEG Ratio falls into.
Canara Bank PEG Ratio Calculation
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio.
The ratio we use is the 5-Year Book Value growth rate.
Canara Bank's PEG Ratio for today is calculated as
* 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.
* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Canara Bank (BOM:532483) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Canara Bank PEG Ratio Related Terms
Thank you for viewing the detailed overview of Canara Bank's PEG Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Canara Bank is an India-based commercial bank. The company's core businesses consist of Treasury Operations, Retail Banking Operations, and Corporate and Wholesale Banking Operations. It conducts a broad range of banking activities serving large and midsize corporations. Its priority sector and retail sector lending business offer funding services to the priority and retail sectors, such as loans to agriculture, housing, and educational institutions. The company owns a large branch network across India, with several branches in overseas cities such as New York, London, Hong Kong, and Dubai.
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