Tamilnad Mercantile BankNSE:TMB +1.18%57 PS Ratio is 3.57 as of Jul. 08, 2026, which is 38% above its 10-year median of 2.58. GuruFocus rates NSE:TMB with a GF Score™ of 57/100 and a GF Value™ of ₹560.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,517 Banks companies, Tamilnad Mercantile Bank ranks worse than 63.55% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Tamilnad Mercantile Bank's share price is ₹768.10.
Tamilnad Mercantile Bank's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹214.99. Hence, Tamilnad Mercantile Bank's PS Ratio for today is 3.57.
Warning Sign:
Tamilnad Mercantile Bank Ltd stock PS Ratio (=3.62) is close to 5-year high of 3.63.
The historical rank and industry rank for Tamilnad Mercantile Bank's PS Ratio or its related term are showing as below:
NSE:TMB'
s PS Ratio Range Over the Past 10 Years
Min: 2.08 Med: 2.58 Max: 3.63
Current: 3.57
During the past 7 years, Tamilnad Mercantile Bank's highest PS Ratio was 3.63. The lowest was 2.08. And the median was 2.58.
NSE:TMB's PS Ratio is ranked worse than 63.55% of 1517
companies
in the Banks industry
Industry Median: 3.02
vs NSE:TMB: 3.57
During the past 7 years, Tamilnad Mercantile Bank's highest 3-Year average Revenue per Share Growth Rate was 9.90% per year. The lowest was 2.60% per year. And the median was 6.30% per year.
Back to Basics: PS Ratio
Tamilnad Mercantile Bank (NSE:TMB) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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.
Tamilnad Mercantile Bank PS Ratio Competitor Comparison
For the Banks - Regional subindustry, Tamilnad Mercantile Bank's PS Ratio, along with its competitors' market caps and PS 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.
Tamilnad Mercantile Bank PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's PS Ratio distribution charts can be found below:
* The bar in red indicates where Tamilnad Mercantile Bank's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Tamilnad Mercantile Bank's Share Price of today is ₹768.10. Tamilnad Mercantile Bank's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹214.99.
* 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:
Tamilnad Mercantile Bank (NSE:TMB) has a PS Ratio of 3.57 as of Jul. 08, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Tamilnad Mercantile Bank and its competitors. This is 38% above median its historical median of 2.58. Over the past decade, Tamilnad Mercantile Bank's PS Ratio has ranged from 2.08 to 3.63. According to the industry distribution chart, Tamilnad Mercantile Bank ranks #964 out of 1517 companies in the Banks industry, placing it in the top 63.5%.
Is Tamilnad Mercantile Bank's PS Ratio too high?
Tamilnad Mercantile Bank's current PS Ratio of 3.57 is 38% above median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 3.63. The Banks industry median PS Ratio is 3.02. Tamilnad Mercantile Bank's value of 3.57 is 18.2% above this industry median. Based on the distribution chart, Tamilnad Mercantile Bank ranks #964 out of 1517 companies in the Banks industry, which is below the industry midpoint. Overall, Tamilnad Mercantile Bank has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tamilnad Mercantile Bank's PS Ratio compare to competitors?
According to the Banks industry distribution chart, Tamilnad Mercantile Bank ranks #964 out of 1517 companies for PS Ratio. This places Tamilnad Mercantile Bank in the lower half of its industry. The industry median PS Ratio is 3.02. Tamilnad Mercantile Bank's value of 3.57 is 18.2% above this benchmark. Historically, Tamilnad Mercantile Bank's own PS Ratio has ranged from 2.08 to 3.63 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 3.02, Tamilnad Mercantile Bank has consistently been above 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 3.02, based on 1,517 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tamilnad Mercantile Bank's current PS Ratio of 3.57 is 18.2% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Tamilnad Mercantile Bank and its competitors. For the Banks industry, the median PS Ratio is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamilnad Mercantile Bank's current PS Ratio is 3.57, which is 38% above median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamilnad Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Tamilnad Mercantile Bank (NSE:TMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹560.68, compared to a current price of ₹768.10 — trading 37% above its estimated fair value. The current PS Ratio is 3.57, which is 38% above median its 10-year median of 2.58 and 18.2% above the Banks industry median of 3.02. Tamilnad Mercantile Bank's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Tamilnad Mercantile Bank (NSE:TMB), the current PS Ratio is 3.57 as of Jul. 08, 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 Tamilnad Mercantile Bank (NSE:TMB) Overvalued in 2026?
Based on GuruFocus' analysis, Tamilnad Mercantile Bank stock appears to be overvalued.
The current stock price of ₹768.10 is trading 37% above its estimated GF Value™ of ₹560.68.
GuruFocus considers Tamilnad Mercantile Bank to be Significantly Overvalued.
Key valuation signals for NSE:TMB:
PS Ratio: 3.57 (38% above median its 10-year median of 2.58)
GF Value™: ₹560.68 vs. price of ₹768.10 (37% above fair value)
Industry Position: 18.2% above the Banks median (#964 of 1517)
No single metric tells the full story. See the NSE:TMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamilnad Mercantile Bank Ltd is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate and Wholesale banking, Retail banking, and Other banking Operations. It generates the majority of its revenue from the Retail banking segment.
57GF Score
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