Punjab National Bank Share Price Target 2027: Is Rs 147 Realistic? Bull Case Points to Rs 176
- November 5, 2026
- Posted by: Kunal Singla
- Category: Market
Punjab National Bank share price Rs 124.63 (5 November 2026). Base target Rs 147, bull Rs 176, downside risk Rs 97.8. PE 6.13. 52W range Rs 98.50 to Rs 135.15.
Quick Answer
The Punjab National Bank share price target for 2027 is Rs 147, about 17.9% above the current price of Rs 124.63. The bull case is Rs 176, and the downside risk level, which is not a target, is Rs 97.8. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 39.1%, with the stock holding its PE of 6.13. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Punjab National Bank target price for 2027 should start with where the stock sits today. At Rs 124.63 on 5 November 2026, it is 7.8% below its 52-week high of Rs 135.15 and 26.5% above its 52-week low of Rs 98.50. That range spans 37% from low to high, so the entry point matters as much as the Punjab National Bank price forecast itself.
This article builds the Punjab National Bank 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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Punjab National Bank Stock Analysis: Company Overview and Key Stats
Punjab National Bank (NSE: PNB) has a market capitalisation of Rs 1,40,559 crore. In FY26 it reported revenue of Rs 1,49,463 crore and net profit of Rs 18,467 crore. The table collects the figures the Punjab National Bank share price target is built on.
| Metric | Value |
|---|---|
| Company | Punjab National Bank |
| NSE Ticker | PNB |
| CMP (5 November 2026) | Rs 124.63 |
| 52-Week High | Rs 135.15 |
| 52-Week Low | Rs 98.50 |
| Market Cap | Rs 1,40,559 crore |
| PE Ratio (TTM) | 6.13 |
| Industry PE | 11.70 |
| Price to Book | 0.93 |
| Return on Equity | 15.18% |
| EPS (TTM) | Rs 19.95 |
| Dividend Yield | 2.45% |
| 12-Month Base Target | Rs 147 |
| Bull Case | Rs 176 |
| Downside Risk Level (not a target) | Rs 97.8 |
Why Is Punjab National Bank Share Price Target Set at Rs 147 for 2027?
The arithmetic is short. Trailing EPS of Rs 19.95 grown for one year gives a forward EPS estimate of Rs 23.94, and multiplying it by the unchanged PE of 6.13 gives the Rs 147 base-case Punjab National Bank 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 Punjab National Bank Target Price: Five Years of Results
Punjab National Bank grew revenue from Rs 88,339 crore in FY22 to Rs 1,49,463 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew faster, from Rs 3,908 crore to Rs 18,467 crore (47.4% 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 | 88,339.49 | 3,907.59 | 3.53 | 0.64 |
| FY23 | 99,084.88 | 3,358.78 | 3.04 | 0.65 |
| FY24 | 1,22,394.01 | 9,157.15 | 8.27 | 1.50 |
| FY25 | 1,40,456.81 | 18,552.61 | 16.42 | 2.90 |
| FY26 | 1,49,463.30 | 18,466.70 | 16.00 | 3.00 |
FY26 revenue growth was 6.4%, slower than the four-year average of 14.0%, and net profit moved down 0.5%. EPS rose from Rs 8.27 in FY24 to Rs 16.00 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Punjab National Bank converted 12.4% of FY26 revenue into net profit, against 13.2% in FY25, within a five-year range of 3.4% to 13.2%.
In the September 2026 quarter, revenue was Rs 38,791 crore, up 5.7% from the same quarter a year earlier, while net profit of Rs 5,561 crore was up 14.7%. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
As a lender, Punjab National Bank funds its book mainly through deposits and borrowings, so debt to equity is not a meaningful gauge for it. Book value stands at Rs 131.05 per share and the price to book ratio is 0.93, and shareholders’ equity grew from Rs 98,055 crore in FY22 to Rs 1,50,662 crore in FY26.
Valuation Check for the Punjab National Bank Stock Target: PE, Price to Book and ROE
At a PE of 6.13 against an industry PE of 11.70, Punjab National Bank trades at a discount to its industry. Price to book is 0.93 on a book value of Rs 131.05 per share, and return on equity is 15.18%. A PE of 6.13 equals an earnings yield of 16.3%, and the FY26 dividend of Rs 3.00 per share gives a yield of 2.45%.
Punjab National Bank Share Price Targets for the Short Term and 12 Months
Short Term Punjab National Bank Stock Target Levels: Technical Setup
At Rs 124.63 on 5 November 2026, Punjab National Bank trades above its 50-day simple moving average of Rs 117.29 and above its 200-day exponential moving average of Rs 114.12. The 14-day RSI reads 71.8, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 135.15 (52-week high) and the nearest support is Rs 117.29 (50-day simple moving average). A sustained move above Rs 135.15 would improve the short-term setup, while a close below Rs 117.29 would shift attention to the next support.
12 Month Punjab National Bank Target Price for 2027
The 12-month target of Rs 147 means a move of 17.9% up from Rs 124.63 over the next 12 months. It would also push the stock above its 52-week high of Rs 135.15.
How EPS Growth and PE Multiple Change the Punjab National Bank Target Price
| EPS Growth | PE 4.90 | PE 6.13 | PE 7.05 |
|---|---|---|---|
| 0.0% (EPS Rs 19.95) | Rs 97.8 | Rs 122 | Rs 141 |
| 20.0% (EPS Rs 23.94) | Rs 117 | Rs 147 | Rs 169 |
| 25.0% (EPS Rs 24.94) | Rs 122 | Rs 153 | Rs 176 |
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 Punjab National Bank price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Punjab National Bank Stock Target in 2027
Bull Case Rs 176
The bull case Punjab National Bank price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 24.94, and a PE multiple that rises 15% to 7.05. That gives Rs 176, 41.2% above the current price and above the 52-week high of Rs 135.15, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 97.8
The downside risk level is not a target. It assumes EPS stays flat at Rs 19.95 and the PE falls 20% to 4.90. That gives Rs 97.8, 21.5% below the current price and below the 52-week low of Rs 98.50.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 7.05 | Rs 176 | +41.2% |
| Base Case | 20.0% | 6.13 | Rs 147 | +17.9% |
| Downside Risk | 0.0% | 4.90 | Rs 97.8 | -21.5% |
Key Risks to the Punjab National Bank Target Price for 2027
Growth Slowdown Risk for the Punjab National Bank Price Target
Revenue in the September 2026 quarter was up 5.7% year on year, and FY26 revenue growth was 6.4%. If growth slows from here, the EPS estimate behind the Punjab National Bank stock target will need revising.
Liquidity and Size Risk
Punjab National Bank has a market capitalisation of Rs 1,40,559 crore. Institutional holding figures were not available at the time of writing. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 12.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 6.13 versus an industry PE of 11.70, a de-rating toward the downside-risk PE of 4.90 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 71.8 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.
How to Invest in Punjab National Bank
Start with the live price and volume. Any Punjab National Bank 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 124.63 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Punjab National Bank’s PE, ROE, debt and shareholding in one place.
Check Punjab National Bank fundamentals on the Univest Screener
Then compare the three Punjab National Bank 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 Punjab National Bank live price and get daily stock recommendations.
Conclusion
The Punjab National Bank share price target for 2027 is Rs 147 in the base case, with Rs 176 as the bull case. The support for that view is arithmetic you can check: EPS grew 39.1% a year over FY24 to FY26, and the stock trades at a PE of 6.13. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 22% 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 Punjab National Bank Share Price Target 2027
What is the Punjab National Bank share price target for 2027?
Ans. The base-case Punjab National Bank share price target for 2027 is Rs 147, which is 17.9% above the price of Rs 124.63 on 5 November 2026. The bull case is Rs 176 and the downside risk level, which is not a target, is Rs 97.8. 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 Punjab National Bank share price today?
Ans. As of 5 November 2026, 11:30 AM IST, Punjab National Bank (NSE: PNB) trades at Rs 124.63, up 1.81% on the day. That is 7.8% below the 52-week high of Rs 135.15 and 26.5% above the 52-week low of Rs 98.50. The market capitalisation of Rs 1,40,559 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Punjab National Bank a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 39.1% a year over FY24 to FY26 and the base case implies 17.9% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 97.8 is 22% below the current price. Whether Punjab National Bank 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 Punjab National Bank shares?
Ans. The bull case in the Punjab National Bank share price target for 2027 is Rs 176, which assumes 25.0% EPS growth and a PE of 7.05, a 15% re-rating from today’s multiple. That is 41.2% above the current price and above the 52-week high of Rs 135.15, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 97.8, which assumes flat EPS and a PE of 4.90, 20% lower than today. It sits 21.5% below the current price and below the 52-week low of Rs 98.50, and it marks a risk to watch, not a target.
What are the main risks to the Punjab National Bank price target?
Ans. Four risks matter most for the Punjab National Bank share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 1,40,559 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 4.90 would cut the price even if earnings hold.
What is the PE ratio of Punjab National Bank and how does it compare with the industry?
Ans. The PE ratio of Punjab National Bank is 6.13, against an industry PE of 11.70, which is a discount to the industry. Price to book is 0.93 and return on equity is 15.18%, and the PE equals an earnings yield of 16.3%. The base case holds the PE unchanged, so the Punjab National Bank share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
What were Punjab National Bank’s latest quarterly results?
Ans. In the September 2026 quarter, Punjab National Bank reported revenue of Rs 38,791 crore (up 5.7% year on year) and net profit of Rs 5,561 crore (up 14.7%). For comparison, FY26 full-year revenue growth was 6.4% and net profit moved down 0.5%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
