PNB Housing Finance Share Price Target 2027: What Earnings Say About Rs 1,298 and Rs 1,554
- November 5, 2026
- Posted by: Kunal Singla
- Category: Market
PNB Housing Finance share price Rs 1,088.30 (5 November 2026). Base target Rs 1,298, bull Rs 1,554, downside risk Rs 865. PE 12.0. 52W range Rs 729.60 to Rs 1,224.80.
Quick Answer
The PNB Housing Finance share price target for 2027 is Rs 1,298, about 19.3% above the current price of Rs 1,088.30. The bull case is Rs 1,554, and the downside risk level, which is not a target, is Rs 865. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 22.8%, with the stock holding its PE of 12.0. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a PNB Housing Finance target price for 2027 should start with where the stock sits today. At Rs 1,088.30 on 5 November 2026, it is 11.1% below its 52-week high of Rs 1,224.80 and 49.2% above its 52-week low of Rs 729.60. That range spans 68% from low to high, so the entry point matters as much as the PNB Housing Finance price forecast itself.
This article builds the PNB Housing Finance share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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PNB Housing Finance Stock Analysis: Company Overview and Key Stats
PNB Housing Finance (NSE: PNBHOUSING) has a market capitalisation of Rs 28,193 crore. In FY26 it reported revenue of Rs 8,505 crore and net profit of Rs 2,291 crore. The table collects the figures the PNB Housing Finance share price target is built on.
| Metric | Value |
|---|---|
| Company | PNB Housing Finance |
| NSE Ticker | PNBHOUSING |
| CMP (5 November 2026) | Rs 1,088.30 |
| 52-Week High | Rs 1,224.80 |
| 52-Week Low | Rs 729.60 |
| Market Cap | Rs 28,193 crore |
| PE Ratio (TTM) | 12.00 |
| Industry PE | 16.57 |
| Price to Book | 1.39 |
| Return on Equity | 11.61% |
| Debt to Equity | 3.93 |
| EPS (TTM) | Rs 90.11 |
| Dividend Yield | 0.74% |
| 12-Month Base Target | Rs 1,298 |
| Bull Case | Rs 1,554 |
| Downside Risk Level (not a target) | Rs 865 |
Why Is PNB Housing Finance Share Price Target Set at Rs 1,298 for 2027?
The arithmetic is short. Trailing EPS of Rs 90.11 grown for one year gives a forward EPS estimate of Rs 108.13, and multiplying it by the unchanged PE of 12.00 gives the Rs 1,298 base-case PNB Housing Finance stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the PNB Housing Finance Target Price: Five Years of Results
PNB Housing Finance grew revenue from Rs 6,201 crore in FY22 to Rs 8,505 crore in FY26, a compound annual growth rate of 8.2%. Net profit grew faster, from Rs 836.48 crore to Rs 2,291 crore (28.6% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 6,200.73 | 836.48 | 49.53 | 0.00 |
| FY23 | 6,529.66 | 1,046.00 | 53.16 | 0.00 |
| FY24 | 7,057.09 | 1,508.01 | 58.20 | 0.00 |
| FY25 | 7,691.63 | 1,936.14 | 74.25 | 5.00 |
| FY26 | 8,505.04 | 2,291.24 | 87.80 | 8.00 |
FY26 revenue growth was 10.6%, faster than the four-year average of 8.2%, and net profit moved up 18.3%. EPS rose from Rs 58.20 in FY24 to Rs 87.80 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
PNB Housing Finance converted 26.9% of FY26 revenue into net profit, against 25.2% in FY25, within a five-year range of 13.5% to 26.9%. EBITDA margin was 94.5% in FY26 versus 92.2% in FY25.
In the September 2026 quarter, revenue was Rs 2,424 crore, up 13.8% from the same quarter a year earlier, while net profit of Rs 616.55 crore was up 6.0%. EBITDA came in at Rs 2,228 crore, up 9.1% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 3.93, and shareholders’ equity grew from Rs 9,872 crore in FY22 to Rs 19,219 crore in FY26. Operating cash flow in FY26 was negative at Rs 8,984 crore against capital expenditure of Rs 33.06 crore, leaving negative free cash flow of Rs 9,017 crore. In FY25 free cash flow was negative at Rs 8,106 crore.
Valuation Check for the PNB Housing Finance Stock Target: PE, Price to Book and ROE
At a PE of 12.00 against an industry PE of 16.57, PNB Housing Finance trades at a discount to its industry. Price to book is 1.39 on a book value of Rs 776.41 per share, and return on equity is 11.61%. A PE of 12.00 equals an earnings yield of 8.3%, and the FY26 dividend of Rs 8.00 per share gives a yield of 0.74%.
Shareholding Pattern and Institutional Holding
Promoters held 28.01% of PNB Housing Finance in September 2026, and promoter holding has stayed near 28.01% since September 2025. Foreign institutional investors (FII) held 14.19% and domestic institutions (DII) held 49.29%, which puts total institutional holding at 63.48%. FII holding fell from 18.61% in September 2025 to 14.19% in September 2026. Public shareholders own the remaining 8.51%. A meaningful institutional holding adds a layer of research coverage and trading depth.
PNB Housing Finance Share Price Targets for the Short Term and 12 Months
Short Term PNB Housing Finance Stock Target Levels: Technical Setup
At Rs 1,088.30 on 5 November 2026, PNB Housing Finance trades below its 50-day simple moving average of Rs 1,134.38 and above its 200-day exponential moving average of Rs 1,047.74. The 14-day RSI reads 29.8, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 1,134.38 (50-day simple moving average) and the nearest support is Rs 1,047.74 (200-day exponential moving average). A sustained move above Rs 1,134.38 would improve the short-term setup, while a close below Rs 1,047.74 would shift attention to the next support.
12 Month PNB Housing Finance Target Price for 2027
The 12-month target of Rs 1,298 means a move of 19.3% up from Rs 1,088.30 over the next 12 months. It would also push the stock above its 52-week high of Rs 1,224.80. Anyone checking the PNB Housing Finance share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the PNB Housing Finance Target Price
| EPS Growth | PE 9.60 | PE 12.00 | PE 13.80 |
|---|---|---|---|
| 0.0% (EPS Rs 90.11) | Rs 865 | Rs 1,081 | Rs 1,244 |
| 20.0% (EPS Rs 108.13) | Rs 1,038 | Rs 1,298 | Rs 1,492 |
| 25.0% (EPS Rs 112.64) | Rs 1,081 | Rs 1,352 | Rs 1,554 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the PNB Housing Finance price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for PNB Housing Finance Stock Target in 2027
Bull Case Rs 1,554
The bull case PNB Housing Finance price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 112.64, and a PE multiple that rises 15% to 13.80. That gives Rs 1,554, 42.8% above the current price and above the 52-week high of Rs 1,224.80, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 865
The downside risk level is not a target. It assumes EPS stays flat at Rs 90.11 and the PE falls 20% to 9.60. That gives Rs 865, 20.5% below the current price and above the 52-week low of Rs 729.60.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 13.80 | Rs 1,554 | +42.8% |
| Base Case | 20.0% | 12.00 | Rs 1,298 | +19.3% |
| Downside Risk | 0.0% | 9.60 | Rs 865 | -20.5% |
Key Risks to the PNB Housing Finance Target Price for 2027
Growth Slowdown Risk for the PNB Housing Finance Price Target
Revenue in the September 2026 quarter was up 13.8% year on year, and FY26 revenue growth was 10.6%. If growth slows from here, the EPS estimate behind the PNB Housing Finance stock target will need revising.
Liquidity and Size Risk
PNB Housing Finance has a market capitalisation of Rs 28,193 crore. Institutional holding is 63.48%, and promoters hold 28.01%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 26.9% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 12.00 versus an industry PE of 16.57, a de-rating toward the downside-risk PE of 9.60 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 29.8 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any PNB Housing Finance stock target, however carefully it is built.
How to Invest in PNB Housing Finance
Start with the live price and volume. Any PNB Housing Finance share price target is only as current as the data behind it, and the data here is as of 5 November 2026, so refresh the Rs 1,088.30 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check PNB Housing Finance’s PE, ROE, debt and shareholding in one place.
Check PNB Housing Finance fundamentals on the Univest Screener
Then compare the three PNB Housing Finance target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track PNB Housing Finance live price and get daily stock recommendations.
Conclusion
The PNB Housing Finance share price target for 2027 is Rs 1,298 in the base case, with Rs 1,554 as the bull case. The support for that view is arithmetic you can check: EPS grew 22.8% a year over FY24 to FY26, and the stock trades at a PE of 12.00. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on PNB Housing Finance Share Price Target 2027
What is the PNB Housing Finance share price target for 2027?
Ans. The base-case PNB Housing Finance share price target for 2027 is Rs 1,298, which is 19.3% above the price of Rs 1,088.30 on 5 November 2026. The bull case is Rs 1,554 and the downside risk level, which is not a target, is Rs 865. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the PNB Housing Finance share price today?
Ans. As of 5 November 2026, 11:30 AM IST, PNB Housing Finance (NSE: PNBHOUSING) trades at Rs 1,088.30, up 0.58% on the day. That is 11.1% below the 52-week high of Rs 1,224.80 and 49.2% above the 52-week low of Rs 729.60. The market capitalisation of Rs 28,193 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is PNB Housing Finance a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 22.8% a year over FY24 to FY26 and the base case implies 19.3% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 865 is 21% below the current price. Whether PNB Housing Finance fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for PNB Housing Finance shares?
Ans. The bull case in the PNB Housing Finance share price target for 2027 is Rs 1,554, which assumes 25.0% EPS growth and a PE of 13.80, a 15% re-rating from today’s multiple. That is 42.8% above the current price and above the 52-week high of Rs 1,224.80, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 865, which assumes flat EPS and a PE of 9.60, 20% lower than today. It sits 20.5% below the current price and above the 52-week low of Rs 729.60, and it marks a risk to watch, not a target.
What are the main risks to the PNB Housing Finance price target?
Ans. Four risks matter most for the PNB Housing Finance share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 28,193 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 9.60 would cut the price even if earnings hold.
What is the PE ratio of PNB Housing Finance and how does it compare with the industry?
Ans. The PE ratio of PNB Housing Finance is 12.00, against an industry PE of 16.57, which is a discount to the industry. Price to book is 1.39 and return on equity is 11.61%, and the PE equals an earnings yield of 8.3%. The base case holds the PE unchanged, so the PNB Housing Finance share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns PNB Housing Finance, and what is the promoter holding?
Ans. Promoters held 28.01% of PNB Housing Finance in September 2026. FII held 14.19%, DII held 49.29% and the public held 8.51%. Together the two institutional groups hold 63.48%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were PNB Housing Finance’s latest quarterly results?
Ans. In the September 2026 quarter, PNB Housing Finance reported revenue of Rs 2,424 crore (up 13.8% year on year) and net profit of Rs 616.55 crore (up 6.0%). For comparison, FY26 full-year revenue growth was 10.6% and net profit moved up 18.3%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
