Union Bank of India Share Price: 25.3% CAGR in 3 Years, the Fastest in Its Group, Against SBI and Canara Bank
- November 13, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Union Bank of India Share Price: 25.3% CAGR in 3 Years, the Fastest in Its Group, Against SBI and Canara Bank
Union Bank of India previous close Rs 204.40. 3-year CAGR 25.3%. Up 2.0x since 10 Nov 2023. ROE 16.05%. Market cap Rs 1,55,878 crore.
Quick Answer
The Union Bank of India share price closed at Rs 204.40 on 12 November 2026, a compounded annual return of 25.3% over three years. That compares with State Bank of India at 23.3% and Canara Bank at 19.7%. The company has a market cap of Rs 1,55,878 crore and a P/E of 7.09 against an industry P/E of 12.85.
The Union Bank of India share price has delivered a strong return over three years, and the stock trades at a P/E well below the bank industry level. Union Bank of India, a public sector lender headquartered in Mumbai, serves retail, farm, business and corporate customers across the country.
This article compares that run with State Bank of India and Canara Bank. We calculate the three-year CAGR for all three and set the results beside market cap, valuation and return on equity, using prices adjusted for corporate actions. Banks are best read on price to book and ROE, so those two numbers get extra attention.
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How Much Has the Union Bank of India Share Price Returned in 3 Years?
The Union Bank of India stock closed at Rs 104.00 on 10 November 2023 and at Rs 204.40 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.97 lakh, which is a CAGR of 25.3%. 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 Union Bank of India can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Union Bank of India share price has also followed improving credit growth, the gains from the 2020 merger of Andhra Bank and Corporation Bank into the bank and a wider base of retail and small business loans.
Union Bank of India vs State Bank of India and Canara Bank: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (12 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Union Bank of India | Rs 104.00 | Rs 204.40 | 2.0x | 25.3% |
| State Bank of India | Rs 579.50 | Rs 1,086.50 | 1.9x | 23.3% |
| Canara Bank | Rs 77.48 | Rs 133.00 | 1.7x | 19.7% |
The Union Bank of India stock leads the group at 25.3%, followed by State Bank of India at 23.3% and Canara Bank at 19.7%. Union Bank of India leads the group, followed by SBI and then Canara Bank. SBI is far larger by market cap, while Canara Bank has the lowest P/E and the highest ROE of the three.
Look at the Union Bank of India 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 | P/B |
|---|---|---|---|---|---|
| State Bank of India | Rs 9,78,646 crore | 10.41 | 12.66 | 13.36% | 1.54 |
| Union Bank of India | Rs 1,55,878 crore | 7.09 | 12.85 | 16.05% | 1.14 |
| Canara Bank | Rs 1,20,050 crore | 5.91 | 12.66 | 16.77% | 0.99 |
By market cap, State Bank of India is the largest of the group at Rs 9,78,646 crore, while the Union Bank of India stock stands at Rs 1,55,878 crore, about 16% of that size. On earnings, Union Bank of India shares trade at a P/E of 7.09 against an industry P/E of 12.85, a discount of about 45% to the sector, which leaves room if earnings keep growing. Peer multiples are State Bank of India at 10.41 and Canara Bank at 5.91.
Return on equity is 16.05% for the Union Bank of India stock, which ranks second among the three, and the price to book ratio stands at 1.14. Trailing EPS is Rs 28.82. Banks are valued on price to book and return on equity rather than on debt, so these two numbers show how the market prices each lender against the profit it earns on shareholders’ capital.
What Is Driving the Union Bank of India Stock?
Union Bank of India earns interest on loans to retail customers, farmers, small businesses and corporates, and it earns fees from payments, cards and insurance distribution. The 2020 merger gave it a much larger branch network and deposit base.
The bank has pushed retail, agriculture and small business lending and has worked on improving the quality of its loan book. Its focus on a better mix of loans and lower funding costs has been a key theme for the stock.
Followers of the Union Bank of India share price usually track loan growth, net interest margin, the share of low-cost deposits and asset quality.
How the Established Players Stack Up
State Bank of India is the largest public sector bank in India by assets, deposits and branches. It compounded at 23.3% a year, on a market cap of Rs 9,78,646 crore and an ROE of 13.36%.
Canara Bank is a public sector bank founded in Mangalore in 1906 and headquartered in Bengaluru. It compounded at 19.7% a year, on a market cap of Rs 1,20,050 crore and an ROE of 16.77%.
What Should Investors Track Next?
Three things are worth watching on the Union Bank of India share price. First, the pace of loan growth. Second, movement in net interest margin as interest rates change. Third, asset quality across retail and business loans.
At a P/E of 7 and a price to book of 1.14, the stock trades well below the industry P/E of 13. Results can move with the credit cycle, so follow quarterly numbers closely.
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How to Compare Bank Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Union Bank of India 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 Union Bank of India share price, the same four checks give a more complete picture than price alone.
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The Fastest Compounder Among Three PSU Lenders at a Low P/E
The Union Bank of India share price compounded at 25.3% a year over three years, ahead of SBI at 23.3% and Canara Bank at 19.7%. Its ROE of 16.05% is higher than SBI and its P/E of 7.09 is well below the industry level.
SBI brings the largest market cap and a wide network, while Canara Bank brings the lowest P/E and the highest ROE. The choice depends on which banking franchise you prefer.
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 Union Bank of India share price today?
Ans. Union Bank of India closed at Rs 204.40 on 12 November 2026, according to NSE data. It has a market cap of Rs 1,55,878 crore and a P/E of 7.09. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Union Bank of India stock?
Ans. Union Bank of India delivered a price CAGR of 25.3% over three years, moving from Rs 104.00 on 10 November 2023 to Rs 204.40 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Union Bank of India better than SBI?
Ans. Union Bank of India delivered a higher three-year CAGR at 25.3% than SBI at 23.3%. SBI is far larger by market cap at Rs 9,78,646 crore against Rs 1,55,878 crore, while Union Bank of India trades at a lower P/E of 7.09 against 10.41 and has a higher ROE at 16.05% against 13.36%. The better choice depends on your view of each bank.
What does Union Bank of India do?
Ans. Union Bank of India is a public sector bank headquartered in Mumbai that serves retail, farm, business and corporate customers and was enlarged by the 2020 merger of Andhra Bank and Corporation Bank.
What is the return on equity of the Union Bank of India stock?
Ans. The return on equity of the Union Bank of India stock is 16.05% and its price to book ratio is 1.14. For a lender, ROE and the price to book ratio are the two numbers that show how well the bank turns shareholder capital into profit and how much the market pays for it. Always check the latest results for current figures.
Is Union Bank of India expensive compared with the industry?
Ans. Union Bank of India trades at a P/E of 7.09 against an industry P/E of 12.85. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which bank stock gave the highest return in 3 years?
Ans. Among the companies compared here, Union Bank of India delivered the highest three-year CAGR at 25.3%, followed by State Bank of India at 23.3%. 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.
