PNB Housing Finance Share Price: 14.2% CAGR in 3 Years Against Cholamandalam and Bajaj Finance
- November 11, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
PNB Housing Finance Share Price: 14.2% CAGR in 3 Years Against Cholamandalam and Bajaj Finance
PNB Housing previous close Rs 1,111.40. 3-year CAGR 14.2%. Up 1.5x since 9 Nov 2023. ROE 11.61%. Market cap Rs 29,097 crore.
Quick Answer
The PNB Housing Finance share price closed at Rs 1,111.40 on 9 November 2026, a compounded annual return of 14.2% over three years. That compares with Cholamandalam Investment and Finance at 15.8% and Bajaj Finance at 13.0%. The company has a market cap of Rs 29,097 crore and a P/E of 12.38 against an industry P/E of 17.80.
The PNB Housing Finance share price has delivered a steady return over three years, and it does so at one of the lowest P/E ratios among large lenders. PNB Housing Finance is a housing finance company promoted by Punjab National Bank and gives home loans and loans against property.
This article compares that run with Cholamandalam Investment and Finance and Bajaj Finance. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the PNB Housing Finance Share Price Returned in 3 Years?
The PNB Housing Finance stock closed at Rs 745.25 on 9 November 2023 and at Rs 1,111.40 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.49 lakh, which is a CAGR of 14.2%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as PNB Housing Finance can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The PNB Housing Finance share price has also followed the steady demand for home loans and the improving quality of its loan book in recent years.
PNB Housing Finance vs Cholamandalam Investment and Finance and Bajaj Finance: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Cholamandalam Investment and Finance | Rs 1,152.05 | Rs 1,790.80 | 1.6x | 15.8% |
| PNB Housing Finance | Rs 745.25 | Rs 1,111.40 | 1.5x | 14.2% |
| Bajaj Finance | Rs 738.67 | Rs 1,064.85 | 1.4x | 13.0% |
The PNB Housing Finance stock ranks second of the three at 14.2%. It sits ahead of Bajaj Finance (13.0%). The company ahead is Cholamandalam Investment and Finance (15.8%). Cholamandalam leads the group, followed by PNB Housing Finance and then Bajaj Finance. Bajaj Finance is by far the largest of the three by market cap, while PNB Housing Finance is the smallest.
Look at the PNB Housing Finance share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Bajaj Finance | Rs 6,63,064 crore | 30.05 | 17.80 | 17.61% | 4.08 |
| Cholamandalam Investment and Finance | Rs 1,53,087 crore | 24.60 | 17.80 | 18.02% | 6.72 |
| PNB Housing Finance | Rs 29,097 crore | 12.38 | 17.80 | 11.61% | 3.93 |
By market cap, Bajaj Finance is the largest of the group at Rs 6,63,064 crore, while the PNB Housing Finance stock stands at Rs 29,097 crore, about 4% of that size. On earnings, PNB Housing Finance shares trade at a P/E of 12.38 against an industry P/E of 17.80, a discount of about 30% to the sector, which leaves room if earnings keep growing. Peer multiples are Cholamandalam Investment and Finance at 24.60 and Bajaj Finance at 30.05.
Return on equity is 11.61% for the PNB Housing Finance stock, which ranks third among the three, and debt to equity stands at 3.93. Trailing EPS is Rs 90.11. Lenders carry high debt by design, so the debt to equity figure should be read alongside return on equity and the P/E rather than on its own.
What Is Driving the PNB Housing Finance Stock?
PNB Housing Finance lends to home buyers, to people who want to build or extend a house, and to borrowers who offer property as security. It sells through a branch network and through direct selling teams.
The company funds itself through bank loans, bonds and deposits, so its cost of funds and the quality of its loan book are the key drivers of profit. Recovery of older loans and steady growth in prime home loans have improved results.
Followers of the PNB Housing Finance share price usually track loan growth, net interest margin, asset quality and the cost of borrowing.
How the Established Players Stack Up
Cholamandalam Investment and Finance is a Chennai-based lender from the Murugappa Group, best known for vehicle finance. It compounded at 15.8% a year, on a market cap of Rs 1,53,087 crore and an ROE of 18.02%.
Bajaj Finance is a Pune-based lender focused on consumer, small business and mortgage loans, and it is among India’s largest NBFCs. It compounded at 13.0% a year, on a market cap of Rs 6,63,064 crore and an ROE of 17.61%.
What Should Investors Track Next?
Three things are worth watching on the PNB Housing Finance share price. First, the pace of home loan disbursements. Second, movement in the cost of funds. Third, asset quality trends.
At a P/E of 12, the stock trades below the industry P/E of 18, and its ROE is 11.61%. Compare both numbers before drawing a conclusion.
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How to Compare Housing Finance Stocks Yourself
You can repeat this exercise for any pair of stocks, including the PNB Housing Finance stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the PNB Housing Finance share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the PNB Housing Finance share price and compare NBFC stocks live.
A Housing Lender Trading Below Its Sector Multiple
The PNB Housing Finance share price compounded at 14.2% a year over three years, ahead of Bajaj Finance at 13.0% and behind Cholamandalam at 15.8%. Its P/E of 12.38 is the lowest of the three.
Cholamandalam brings the highest ROE, while Bajaj Finance brings scale and consumer reach. The choice depends on which part of retail lending you want to follow.
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).
Frequently Asked Questions
What is the PNB Housing Finance share price today?
Ans. PNB Housing Finance closed at Rs 1,111.40 on 9 November 2026, according to NSE data. It has a market cap of Rs 29,097 crore and a P/E of 12.38. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the PNB Housing Finance stock?
Ans. PNB Housing Finance delivered a price CAGR of 14.2% over three years, moving from Rs 745.25 on 9 November 2023 to Rs 1,111.40 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is PNB Housing Finance better than Bajaj Finance?
Ans. PNB Housing Finance delivered a higher three-year CAGR at 14.2% than Bajaj Finance at 13.0%. Bajaj Finance is far larger at Rs 6,63,064 crore against Rs 29,097 crore and has a higher ROE at 17.61% against 11.61%, while PNB Housing Finance trades at a lower P/E of 12.38 against 30.05. The better choice depends on your view of each business.
What does PNB Housing Finance do?
Ans. PNB Housing Finance is a housing finance company promoted by Punjab National Bank that offers home loans, loans against property and construction finance.
Is the PNB Housing Finance stock debt free?
Ans. The debt to equity ratio of the PNB Housing Finance stock is 3.93 and its return on equity is 11.61%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is PNB Housing Finance expensive compared with the industry?
Ans. PNB Housing Finance trades at a P/E of 12.38 against an industry P/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which housing finance stock gave the highest return in 3 years?
Ans. Among the companies compared here, Cholamandalam Investment and Finance delivered the highest three-year CAGR at 15.8%, followed by PNB Housing Finance at 14.2%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
