Top PSU Bank Stocks Compared: SBI vs Bank of Baroda vs PNB vs Canara Bank vs Union Bank of India on Price, Valuation, Q2 FY27 Results and Risks
- November 4, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Previous close: SBI Rs 987.00, Bank of Baroda Rs 245.16, PNB Rs 123.06, Canara Bank Rs 119.14, Union Bank of India Rs 186.00.
Quick Answer
This PSU bank stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: SBI, Bank of Baroda, PNB, Canara Bank and Union Bank of India. SBI is the largest by market capitalisation at Rs 9,11,077 crore. Canara Bank reports the highest return on equity at 16.77%. All five are government-owned lenders, so small gaps in valuation and returns tell you more than they would in a mixed sector.
PSU bank stocks compared means SBI, Bank of Baroda, PNB, Canara Bank and Union Bank of India side by side on previous close, market capitalisation, valuation and Q2 FY27 numbers. All five are government-owned lenders, so the comparison is unusually clean: same ownership, same regulator, very different scale.
All five public sector banks have filed their September 2026 quarter, so every result below is Q2 FY27, with total income as the top line. PSU lenders usually move as a pack with the banking index, so open the Bank Nifty page and the Sensex page for the market mood before you start.
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PSU Bank Stocks Compared: The Five Lenders on the List
The PSU bank stocks compared here are SBI, Bank of Baroda, PNB, Canara Bank and Union Bank of India. SBI is the largest by market capitalisation at Rs 9,11,077 crore. Previous closes run from Rs 119.14 for Canara Bank to Rs 987.00 for SBI, which is why a side-by-side look at value rather than price is more useful. This PSU bank stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| SBI | 987.00 | 9,11,077 |
| Bank of Baroda | 245.16 | 1,26,957 |
| PNB | 123.06 | 1,41,536 |
| Canara Bank | 119.14 | 1,07,941 |
| Union Bank of India | 186.00 | 1,41,947 |
A quick look at the business behind each ticker puts the numbers in context. SBI is the country’s largest public sector lender, with a vast branch network and a large retail deposit base, while Bank of Baroda is a large public sector bank with a strong presence in Gujarat and a sizeable international book. PNB is a major public sector bank with deep reach across north India, and Canara Bank is a public sector bank with a strong southern franchise and a growing retail and MSME book. To compare PSU bank stocks properly, line up price to book, return on equity and asset quality before forming a view.
Rounding out the group, Union Bank of India is a public sector bank with a pan-India branch network and a diversified loan portfolio. A fair PSU bank stock comparison looks at what each company actually earns from, not only at the share price. A disciplined PSU bank stock comparison of public sector lenders starts with price to book and return on equity before anything else.
PSU Bank Stocks Valuation: Why Price to Book Matters
Canara Bank trades at the lowest price to earnings ratio in this group at 5.31. It also reports the highest return on equity at 16.77%. Bank of Baroda has the lowest price to book value at 0.73. These PSU bank stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this PSU bank stocks compared table: price to book and return on equity sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) |
|---|---|---|---|---|
| SBI | 10.16 | 1.55 | 14.29 | 1.76 |
| Bank of Baroda | 6.35 | 0.73 | 13.63 | 3.47 |
| PNB | 6.17 | 0.94 | 15.18 | 2.44 |
| Canara Bank | 5.31 | 0.89 | 16.77 | 3.53 |
| Union Bank of India | 6.45 | 1.04 | 16.05 | 2.69 |
For a bank, the balance sheet is the business, so price to book value and return on equity carry more weight than they do for most companies. A bank trading close to its book value while earning a healthy return on equity is usually the combination readers look for. Price to earnings still matters, but it should be read next to asset quality, because a low multiple means little if bad loans are rising. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple PSU bank stock comparison like this one is only as useful as the context behind it, which is why asset quality is worth checking as well.
In this group, price to earnings runs from 5.31 for Canara Bank to 10.16 for SBI. Canara Bank offers the highest dividend yield at 3.53%. Against an industry price to earnings of 11.54, each multiple in the table tells you whether the market is paying more or less than the sector norm. Public sector banks as a group trade at lower multiples than private lenders, so use that industry figure as your benchmark rather than the broader market. Readers who compare PSU bank stocks often find that the lowest multiple does not always belong to the strongest bank. Run the same PSU bank stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare PSU bank stocks, note whether a premium is backed by returns or only by size.
PSU Bank Stocks Q2 FY27 Results: Who Grew Fastest?
All of the five PSU bank stocks compared have filed Q2 FY27 numbers. Bank of Baroda posted the fastest total income growth at 19.1% year on year. Bank of Baroda showed the sharpest rise in net profit at 30.9%. Read total income first and quarterly profit second, since the two together show how much of the growth reaches shareholders. Treat the Q2 FY27 numbers in this PSU bank stocks compared review as a snapshot of one quarter, not a verdict on any lender.
| Stock | Q2 FY27 total income (Rs crore) | Q2 FY26 total income (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| SBI | 1,87,756 | 1,75,898 | 25,741 | 21,504 |
| Bank of Baroda | 45,784 | 38,434 | 6,639 | 5,070 |
| PNB | 38,791 | 36,684 | 5,561 | 4,849 |
| Canara Bank | 40,939 | 42,014 | 5,182 | 4,866 |
| Union Bank of India | 33,471 | 31,755 | 5,570 | 4,281 |
SBI Results Snapshot
In the September 2026 quarter, SBI booked total income of Rs 1,87,756 crore against Rs 1,75,898 crore in the same quarter last year, a rise of 6.7%. Net profit rose 19.7% to Rs 25,741 crore from Rs 21,504 crore. Earnings per share for the quarter rose to Rs 27.47 from Rs 22.81.
Bank of Baroda Results Snapshot
Bank of Baroda’s Q2 FY27 top line stood at Rs 45,784 crore, versus Rs 38,434 crore in Q2 FY26, a rise of 19.1%. Net profit rose 30.9% to Rs 6,639 crore from Rs 5,070 crore. Net profit margin improved to 18.2% from 15.4%. Earnings per share for the quarter rose to Rs 13.03 from Rs 9.93.
PNB Results Snapshot
PNB reported Q2 FY27 total income of Rs 38,791 crore, compared with Rs 36,684 crore a year earlier, a rise of 5.7%. Net profit rose 14.7% to Rs 5,561 crore from Rs 4,849 crore. Net profit margin improved to 16.7% from 15.8%. Earnings per share for the quarter rose to Rs 5.13 from Rs 4.46.
Canara Bank Results Snapshot
For the September 2026 quarter, Canara Bank booked total income of Rs 40,939 crore. Net profit rose 6.5% to Rs 5,182 crore from Rs 4,866 crore. Net profit margin improved to 15.3% from 15.1%. Earnings per share for the quarter rose to Rs 5.93 from Rs 5.35.
Union Bank of India Results Snapshot
Union Bank of India’s Q2 FY27 top line stood at Rs 33,471 crore, versus Rs 31,755 crore in Q2 FY26, a rise of 5.4%. Net profit rose 30.1% to Rs 5,570 crore from Rs 4,281 crore. Net profit margin improved to 20.4% from 16.9%. Earnings per share for the quarter rose to Rs 7.57 from Rs 5.80.
Bank results are best read through three lenses: how fast income grew, how much of it reached the bottom line, and whether the trend looks steady across quarters. The Q2 FY27 numbers above answer the first two. For the third, open the previous quarters on the exchange website and check that the direction is consistent. That is the real value of a PSU bank stocks compared review: it ranks the banks on more than one yardstick. When you compare PSU bank stocks after each result season, track how asset quality changes from one quarter to the next. A PSU bank stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
PSU Bank Stocks Compared Two at a Time: Three Head-to-Head Reads
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare PSU bank stocks two at a time.
SBI vs Bank of Baroda
SBI is the country’s largest lender and Bank of Baroda is one of the bigger challengers, which makes this the classic scale-versus-pace pairing. On price to earnings, Bank of Baroda carries the lower multiple at 6.35 against 10.16 for SBI. SBI reports the higher return on equity, at 14.29% against 13.63% for Bank of Baroda. For dividend income, Bank of Baroda offers 3.47% against 1.76% at SBI. SBI brings sheer size, while Bank of Baroda tends to be read for its pace, so decide which of the two matters more to you.
PNB vs Union Bank of India
PNB and Union Bank of India are close in size, which strips scale out of the debate and leaves valuation and returns to do the talking. Union Bank of India reports the higher return on equity, at 16.05% against 15.18% for PNB. For dividend income, Union Bank of India offers 2.69% against 2.44% at PNB. In Q2 FY27, PNB grew total income faster, at 5.7% year on year against 5.4% for Union Bank of India. With market values this close, small differences in return on equity and price to book are what separate the two on paper.
Canara Bank vs SBI
Canara Bank and SBI sit at opposite ends of the size range in this group, yet both are widely held public sector names. SBI is about 8.4 times the size of Canara Bank by market capitalisation, at Rs 9,11,077 crore against Rs 1,07,941 crore. On price to earnings, Canara Bank carries the lower multiple at 5.31 against 10.16 for SBI. Canara Bank reports the higher return on equity, at 16.77% against 14.29% for SBI. Looking at them together shows how a mid-sized lender stacks up against the giant on returns when the size gap is large.
Best PSU Bank Stocks by Investor Goal
Searching for the best PSU bank stocks usually means different things to different readers. The table below shows who leads on each measure today, so you can pick the row that matches your goal. Any PSU bank stocks compared table can mislead if you stop at one row, because each lender leads on a different measure. Used with care, a PSU bank stock comparison turns scattered ratios into a short list of questions worth asking.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | Canara Bank | 5.31 |
| Highest return on equity | Canara Bank | 16.77% |
| Highest dividend yield | Canara Bank | 3.53% |
| Lowest price to book value | Bank of Baroda | 0.73 |
| Largest by market capitalisation | SBI | Rs 9,11,077 crore |
| Fastest Q2 FY27 total income growth | Bank of Baroda | 19.1% |
| Sharpest Q2 FY27 net profit rise | Bank of Baroda | 30.9% |
Because all five lenders share the same ownership and regulator, small gaps in valuation and returns matter more here than in a mixed sector. Use the table to build a shortlist, then read asset quality in each bank’s filing.
What Is Supporting Public Sector Banks Now?
Public sector banks have strengthened their balance sheets over the last few years, and that shows in steadier earnings and better capital positions. Credit growth in retail, MSME and corporate loans keeps feeding their income, while falling slippages help profit conversion. Knowing what moves interest rates and credit growth helps you compare PSU bank stocks with the right questions in mind.
Investors usually track net interest margin, asset quality, credit growth and capital adequacy together. Because these lenders trade at lower price to earnings and price to book multiples than most private peers, valuation comparisons draw plenty of attention. A good PSU bank stocks compared routine therefore tracks net interest margin, gross NPA trends, credit growth and capital adequacy. The sector backdrop helps every name here, but a PSU bank stock comparison shows it does not help them equally.
Risks to Keep in View When You Compare PSU Bank Stocks
Bank stocks react to interest rate moves, asset quality trends and policy decisions from the RBI and the government. Public sector lenders can also move together as a group, so a sector-wide shift can lift or pull down every name. Read each bank’s quarterly disclosure on exchange websites before you finalise a view. Every PSU bank stock comparison has blind spots, and for this group the biggest is interest rates and credit growth. A thoughtful PSU bank stocks compared review keeps these risks next to the numbers instead of in a footnote.
Because net interest margin, gross NPA trends, credit growth and capital adequacy drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this PSU bank stocks compared guide a balanced starting point.
How to Compare PSU Bank Stocks and Build a Shortlist
Start with size, since SBI plays in a different league from the other four, then move to return on equity and price to book to judge quality against price. Dividend yield is the next filter for readers who want some income along the way. Done step by step, this PSU bank stocks compared routine becomes repeatable rather than a one-off exercise. The same PSU bank stocks compared steps work for other sectors on Univest, so you can reuse them.
Finally, open each bank’s quarterly disclosure and read the gross NPA, net interest margin and capital adequacy lines. Holding two or three public sector banks instead of one spreads the risk of a single weak quarter. Keep the shortlist of best PSU bank stocks short enough that you can actually follow each company’s quarterly results. When you compare PSU bank stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter PSU bank stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this PSU bank stocks compared page after the next set of results to see which numbers have moved.
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Conclusion: PSU Bank Stocks Compared at a Glance
This PSU bank stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. SBI leads on size and Canara Bank leads on return on equity, while the others bring their own strengths. Treat the PSU bank stocks Q2 FY27 results and PSU bank stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare PSU bank stocks again next quarter, the same checklist of price to book, return on equity and asset quality will work. That is the practical value of a PSU bank stocks compared review: it narrows a long list into a short one.
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 on PSU Bank Stocks Compared
Which are the top PSU bank stocks compared in this article?
Ans. The PSU bank stocks compared in this article are SBI, Bank of Baroda, PNB, Canara Bank and Union Bank of India. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, which gives you one tidy table to work from before you read any filing in detail.
Which PSU bank stock has the highest market capitalisation?
Ans. Among the five names, SBI has the highest market capitalisation at Rs 9,11,077 crore. Union Bank of India follows at Rs 1,41,947 crore. Because market capitalisation is simply share price multiplied by shares outstanding, it shifts daily, so confirm the live number before using it.
Which of these PSU bank stocks has the lowest price to earnings ratio?
Ans. On PSU bank stocks valuation, Canara Bank has the lowest price to earnings ratio among these PSU bank stocks at 5.31, based on the latest reported earnings. SBI sits at the other end at 10.16. A low multiple can reflect slower growth or higher risk as easily as a bargain, so read it next to growth and margins.
Which PSU bank stock has the highest return on equity?
Ans. Canara Bank reports the highest return on equity in this group at 16.77%. The ratio measures profit earned for every rupee of shareholder money, which makes it a quick test of capital efficiency. One year can mislead, so look at several, and remember that borrowing can push the figure up.
How did PSU bank stocks perform in Q2 FY27 results?
Ans. All of the five names have filed Q2 FY27 numbers in our data. Bank of Baroda recorded the fastest total income growth at 19.1% year on year. Bank of Baroda showed the sharpest net profit rise at 30.9%. For PSU bank stocks Q2 FY27 results, each filing on the exchange website carries the full detail behind these figures.
What are the main risks when you compare PSU bank stocks?
Ans. Bank stocks react to interest rate moves, asset quality trends and policy decisions from the RBI and the government. Public sector lenders can also move together as a group, so a sector-wide shift can lift or pull down every name. Read each bank’s quarterly disclosure on exchange websites before you finalise a view. Keep an eye on net interest margin, gross NPA trends, credit growth and capital adequacy.
Which metrics matter most when you compare PSU bank stocks?
Ans. Price to book value, return on equity, net interest margin and gross NPA are the core four. Price to book tells you what you pay for each rupee of net assets, return on equity shows how well those assets earn, net interest margin shows lending profitability, and gross NPA shows the health of the loan book. Dividend yield is a useful fifth filter for income-focused readers, and capital adequacy tells you how much room the bank has to keep lending.
Which is the best PSU bank stock to buy among these five?
Ans. The best public sector bank depends on whether you value size, income or pace of growth. On the numbers in this article, SBI has the largest market capitalisation; Canara Bank has the lowest price to earnings, the highest return on equity and the highest dividend yield. Each name wins on a different row, and this is educational content rather than advice. Build a shortlist from the tables, read the latest filings, and talk to a SEBI-registered advisor, because your own goals and risk appetite decide the right fit.
