4 Largecap PE Below 15 Stocks to Watch for Future Multibagger Potential: SBI, Bajaj Finserv, Union Bank and Canara Bank

PE below 15 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI, Bajaj Finserv, Union Bank and Canara Bank meet that test, with market caps from Rs 1.04 lakh crore to Rs 8.58 lakh crore and SBI offering the largest market cap at Rs 8,58,145 crore. Each of these companies has a price to earnings ratio below 15, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a price to earnings ratio below 15, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening PE below 15 stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 27 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are PE Below 15 Stocks and Why Do They Attract Multibagger Interest?

PE below 15 stocks are shares that trade at less than 15 times their yearly earnings, a modest valuation for large companies whose profit keeps rising. The four here cover public sector banking and financial services.

A low PE paired with growing profit means investors pay a modest price for each rupee of earnings that is still on the rise. For PE below 15 stocks, both FY26 and the latest quarter showed growth. Investors researching PE below 15 stocks get a fuller picture by reading growth and valuation together. The table below lines up PE below 15 stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use PE below 15 stocks as a starting point for your own research.

PE Below 15 Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 27 October 2026. Canara Bank combines the lowest PE of the group, 5.10, with the highest return on equity, 16.77%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
State Bank of India	945.10	8,58,145	9.57	12.05	14.29%	1.46	877.05 to 1,234.70
Bajaj Finserv	1,677	2,73,597	13.26	17.68	12.58%	3.51	1,597.00 to 2,195.00
Union Bank of India	184.60	1,33,094	6.45	12.02	15.57%	1.00	135.80 to 205.49
Canara Bank	118.01	1,03,776	5.10	12.02	16.77%	0.85	116.16 to 162.89

SBI: 23.72% Profit CAGR Since FY22

State Bank of India is the country's largest lender, with a branch network that reaches every part of India. It reported FY26 total income of Rs 7,12,643.53 crore, up 7.43% year on year, and net profit of Rs 85,168.47 crore, up 7.78%. Net profit has compounded at 23.72% a year since FY22, while total income has grown 15.03% a year.

In the June 2026 quarter, total income rose 7.83% to Rs 1,80,061.86 crore and net profit grew 13.65% to Rs 24,579.04 crore. The share price has gained 92.86% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026. The stock trades at a PE of 9.57 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.87%.

Bajaj Finserv: 24.02% Profit CAGR Since FY22

Bajaj Finserv is a financial services holding company with interests in lending through Bajaj Finance and in general and life insurance. It reported FY26 total income of Rs 1,50,530.38 crore, up 13.23% year on year, and net profit of Rs 19,669.47 crore, up 12.03%. Net profit has compounded at 24.02% a year since FY22, while total income has grown 21.78% a year.

The stock trades at a PE of 13.26 against an industry PE of 17.68, below the sector average, with a return on equity of 12.58%. In the June 2026 quarter, total income rose 19.08% to Rs 42,036.90 crore and net profit grew 18.15% to Rs 6,296.67 crore. Domestic institutions raised their holding from 10.09% in June 2025 to 12.10% in June 2026.

Union Bank: 37.80% Profit CAGR Since FY22

Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.

In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026. The stock trades at a PE of 6.45 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.87%.

Canara Bank: 34.48% Profit CAGR Since FY22

Canara Bank is a large government-owned bank with a wide branch network and a growing retail and digital business. It reported FY26 total income of Rs 1,53,083.22 crore, up 0.28% year on year, and net profit of Rs 18,951.23 crore, up 9.32%. Net profit has compounded at 34.48% a year since FY22, while total income has grown 12.89% a year.

The stock trades at a PE of 5.10 against an industry PE of 12.02, below the sector average, with a return on equity of 16.77%. The dividend yield is 3.67%. Net profit for the September 2026 quarter grew 6.50% to Rs 5,182.03 crore. The share price has gained 198.67% over five years. Foreign investors raised their holding from 11.90% in September 2025 to 12.27% in September 2026.

PE Below 15 Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these PE below 15 stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.

Stock	Total Income (Rs Cr)	Net Profit (Rs Cr)	Income Growth (YoY)	4-Year Income CAGR	4-Year Net Profit CAGR
SBI	7,12,643.53	85,168.47	7.43%	15.03%	23.72%
Bajaj Finserv	1,50,530.38	19,669.47	13.23%	21.78%	24.02%
Union Bank	1,28,399.52	18,780.63	0.19%	11.95%	37.80%
Canara Bank	1,53,083.22	18,951.23	0.28%	12.89%	34.48%

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Institutional Holding in SBI, Bajaj Finserv, Union Bank and Canara Bank

Institutional holding shows who is backing these PE below 15 stocks alongside the promoter. The table uses the latest reported quarter for each. SBI has the deepest institutional backing, with FII and DII together holding 37.45% as of June 2026. Domestic institutions increased their holding over the past year in Bajaj Finserv (from 10.09% to 12.10%).

Stock	Promoter	FII	DII	Public	Quarter
SBI	55.47%	10.81%	26.64%	7.08%	June 2026
Bajaj Finserv	58.71%	6.91%	12.10%	22.28%	June 2026
Union Bank	74.76%	8.63%	11.98%	4.63%	June 2026
Canara Bank	62.93%	12.27%	12.38%	12.42%	September 2026

Risks to Weigh in PE Below 15 Stocks

Being careful with PE below 15 stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:

• Past growth may not repeat.
• Share prices can move sharply in either direction.
• Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
• Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.

How to Choose Between PE Below 15 Stocks

Picking from PE below 15 stocks comes down to four checks, applied in order.

1. Check asset quality and net interest margin first, then return on equity and Price to Book. Debt-to-equity does not apply to lenders.
2. Compare each PE with the industry PE (12.02 to 17.68) and ask whether the growth rate justifies any gap.
3. Track net profit growth, the operating margin and the return on equity in every quarterly result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among PE below 15 stocks, SBI stands out for the largest market cap at Rs 8,58,145 crore, Bajaj Finserv for 13.23% revenue growth in FY26, Union Bank for the fastest profit growth, 37.80% a year since FY22 and Canara Bank for the highest return on equity at 16.77%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing PE below 15 stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.

Frequently Asked Questions on PE Below 15 Stocks to Watch

Which are the best PE below 15 stocks to watch for multibagger potential?

Ans. SBI, Bajaj Finserv, Union Bank and Canara Bank are the 4 names this list highlights, with market caps of Rs 8,58,145 crore, Rs 2,73,597 crore, Rs 1,33,094 crore and Rs 1,03,776 crore respectively. SBI is notable for the largest market cap at Rs 8,58,145 crore. Bajaj Finserv stands out for 13.23% revenue growth in FY26. Union Bank offers the fastest profit growth, 37.80% a year since FY22. Canara Bank brings the highest return on equity at 16.77%. These are watchlist names for PE below 15 stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Canara Bank a good stock for long-term investors?

Ans. Canara Bank has a return on equity of 16.77%, a PE of 5.10 against an industry PE of 12.02 and a market cap of Rs 1,03,776 crore. Net profit has compounded at 34.48% a year since FY22, and FY26 revenue rose 0.28% while September 2026 quarter net profit grew 6.50%. Long-term returns in PE below 15 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Union Bank become a multibagger from here?

Ans. Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in PE below 15 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.45 against an industry PE of 12.02, valuation should be checked against that growth before investing.

What is the market cap of SBI, Bajaj Finserv, Union Bank and Canara Bank?

Ans. As of 27 October 2026, SBI has a market cap of Rs 8,58,145 crore, Bajaj Finserv has a market cap of Rs 2,73,597 crore, Union Bank has a market cap of Rs 1,33,094 crore and Canara Bank has a market cap of Rs 1,03,776 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on PE below 15 stocks.

What are the risks of investing in PE below 15 stocks?

Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.

Is Canara Bank trading below its industry PE?

Ans. Canara Bank trades at a PE of 5.10 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 34.48% a year since FY22 and FY26 revenue rose 0.28%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in SBI, Bajaj Finserv, Union Bank and Canara Bank?

Ans. As of the latest reported quarter, FII and DII together hold 37.45% of SBI (10.81% and 26.64%), 19.01% of Bajaj Finserv (6.91% and 12.10%), 20.61% of Union Bank (8.63% and 11.98%) and 24.65% of Canara Bank (12.27% and 12.38%). Rising institutional holding is a useful signal in PE below 15 stocks, though it should be read with earnings trends rather than on its own.