Canara Bank Share Price: 19.5% CAGR in 3 Years as the PSU Lender Compares With Bank of Baroda and Federal Bank

Canara Bank previous close Rs 132.30. 3-year CAGR 19.5%. Up 1.7x since 10 Nov 2023. ROE 16.77%. Market cap Rs 1,20,050 crore.

The Canara Bank share price has delivered a strong return over three years, and the bank earns the highest return on equity among the three lenders compared here. Canara Bank, founded in Mangalore in 1906 and now headquartered in Bengaluru, is one of the larger public sector banks in India.

This article compares that run with Bank of Baroda and Federal 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 Canara Bank Share Price Returned in 3 Years?

The Canara Bank stock closed at Rs 77.48 on 10 November 2023 and at Rs 132.30 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.71 lakh, which is a CAGR of 19.5%. 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 Canara Bank can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The Canara Bank share price has also followed improving credit growth, a wider base of retail and small business loans and the contribution of its subsidiaries in asset management and insurance.

Canara Bank vs Bank of Baroda and Federal 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 11 November 2026.

Company	Close on 10 Nov 2023	Previous close (11 Nov 2026)	Price multiple	3-year CAGR
Federal Bank	Rs 149.85	Rs 361.60	2.4x	34.1%
Canara Bank	Rs 77.48	Rs 132.30	1.7x	19.5%
Bank of Baroda	Rs 194.85	Rs 275.00	1.4x	12.2%

The Canara Bank stock ranks second of the three at 19.5%. It sits ahead of Bank of Baroda (12.2%). The company ahead is Federal Bank (34.1%). Federal Bank leads the group, followed by Canara Bank and then Bank of Baroda. Canara Bank sits in the middle on market cap, and it trades at the lowest P/E and earns the highest ROE of the three.

Look at the Canara Bank 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
Bank of Baroda	Rs 1,42,057 crore	7.10	12.66	13.63%	0.81
Canara Bank	Rs 1,20,050 crore	5.91	12.66	16.77%	0.99
Federal Bank	Rs 89,282 crore	16.57	12.66	12.60%	2.17

By market cap, Bank of Baroda is the largest of the group at Rs 1,42,057 crore, while the Canara Bank stock stands at Rs 1,20,050 crore, about 85% of that size. On earnings, Canara Bank shares trade at a P/E of 5.91 against an industry P/E of 12.66, a discount of about 53% to the sector, which leaves room if earnings keep growing. Peer multiples are Bank of Baroda at 7.10 and Federal Bank at 16.57.

Return on equity is 16.77% for the Canara Bank stock, which ranks first among the three, and the price to book ratio stands at 0.99. Trailing EPS is Rs 22.40. 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 Canara Bank Stock?

Canara Bank earns interest on loans to retail customers, farmers, small businesses and corporates, and it earns fees from payments and cards. It has a strong branch network in southern India and a growing presence in the rest of the country.

The bank owns stakes in an asset management company and a life insurance company, which add fee income. Its focus on retail, agriculture and small business loans has been a key theme for the stock.

Followers of the Canara Bank share price usually track loan growth, net interest margin, the share of low-cost deposits and asset quality.

How the Established Players Stack Up

Bank of Baroda is a public sector bank founded in Vadodara in 1908 with a wide international presence. It compounded at 12.2% a year, on a market cap of Rs 1,42,057 crore and an ROE of 13.63%.

Federal Bank is a private sector bank from Aluva in Kerala with a strong base of deposits from non-resident Indians. It compounded at 34.1% a year, on a market cap of Rs 89,282 crore and an ROE of 12.60%.

What Should Investors Track Next?

Three things are worth watching on the Canara Bank 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 6 and a price to book of 0.99, 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 Canara Bank 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 Canara Bank share price, the same four checks give a more complete picture than price alone.

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A PSU Lender With the Highest ROE and the Lowest P/E in Its Group

The Canara Bank share price compounded at 19.5% a year over three years, ahead of Bank of Baroda at 12.2% and behind Federal Bank at 34.1%. Its ROE of 16.77% is the highest of the three and its P/E of 5.91 is the lowest.

Federal Bank brings the fastest return at a higher price to book, while Bank of Baroda brings the largest market cap. The choice depends on which banking model you prefer.

Frequently Asked Questions

What is the Canara Bank share price today?

Ans. Canara Bank closed at Rs 132.30 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,20,050 crore and a P/E of 5.91. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the Canara Bank stock?

Ans. Canara Bank delivered a price CAGR of 19.5% over three years, moving from Rs 77.48 on 10 November 2023 to Rs 132.30 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is Canara Bank better than Bank of Baroda?

Ans. Canara Bank delivered a higher three-year CAGR at 19.5% than Bank of Baroda at 12.2%. Bank of Baroda is larger by market cap at Rs 1,42,057 crore against Rs 1,20,050 crore, while Canara Bank trades at a lower P/E of 5.91 against 7.10 and has a higher ROE at 16.77% against 13.63%. The better choice depends on your view of each bank.

What does Canara Bank do?

Ans. Canara Bank is a public sector bank founded in Mangalore in 1906 and headquartered in Bengaluru, serving retail, farm, business and corporate customers.

What is the return on equity of the Canara Bank stock?

Ans. The return on equity of the Canara Bank stock is 16.77% and its price to book ratio is 0.99. 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 Canara Bank expensive compared with the industry?

Ans. Canara Bank trades at a P/E of 5.91 against an industry P/E of 12.66. 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, Federal Bank delivered the highest three-year CAGR at 34.1%, followed by Canara Bank at 19.5%. 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.