4 Largecap Price to Book Below 1.5 Stocks to Watch for Future Multibagger Potential: SBI, Union Bank, Indian Bank and PFC

Price to book below 1.5 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI, Union Bank, Indian Bank and PFC meet that test, with market caps from Rs 1.09 lakh crore to Rs 8.69 lakh crore and SBI offering the largest market cap at Rs 8,68,768 crore. Each of these companies has a price to book ratio below 1.5, 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 book ratio below 1.5, 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 price to book below 1.5 stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Price to Book Below 1.5 Stocks and Why Do They Attract Multibagger Interest?

Price to book below 1.5 stocks are shares valued at less than one and a half times their book value, a modest price for the assets and earning power behind the business. The four here cover public sector banking and power sector lending.

A low price to book ratio with rising profit shows that the market is paying a modest price for a business that is growing, which gives room for re-rating. For price to book below 1.5 stocks, both FY26 and the latest quarter showed growth. Whichever way you read price to book below 1.5 stocks, the common thread is rising profit backed by complete financial data. A sensible way to study price to book below 1.5 stocks is to look at profit growth, returns and valuation side by side. Below, each of price to book below 1.5 stocks gets its own breakdown of growth, returns and valuation. Treat price to book below 1.5 stocks as a research list, since share prices and rankings change with every earnings season.

Price to Book Below 1.5 Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 28 October 2026. PFC combines the lowest PE of the group, 3.24, with the highest return on equity, 18.22%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
State Bank of India	956.80	8,68,768	9.69	12.05	14.29%	1.48	877.05 to 1,234.70
Union Bank of India	182.98	1,31,926	6.39	12.02	15.57%	0.99	135.80 to 205.49
Indian Bank	839.80	1,10,586	8.36	12.02	16.02%	1.38	756.50 to 1,000.90
Power Finance Corporation	316.40	1,08,819	3.24	17.68	18.22%	0.76	313.35 to 486.50

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 9.69 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.85%.

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.

The stock trades at a PE of 6.39 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.90%. 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.

Indian Bank: 32.28% Profit CAGR Since FY22

Indian Bank is a government-owned bank with a strong presence in South India and a growing national network. It reported FY26 total income of Rs 78,332.70 crore, up 8.72% year on year, and net profit of Rs 12,226.99 crore, up 11.21%. Net profit has compounded at 32.28% a year since FY22, while total income has grown 14.07% a year.

In the September 2026 quarter, total income rose 21.09% to Rs 23,335.98 crore and net profit grew 13.36% to Rs 3,446.86 crore. The share price has gained 396.82% over five years and 10.47% over the past year. Foreign investors raised their holding from 4.68% in September 2025 to 6.86% in September 2026. The stock trades at a PE of 8.36 against an industry PE of 12.02, below the sector average, with a return on equity of 16.02%. The dividend yield is 2.22%.

PFC: Five-Year Gain of 179.34%

Power Finance Corporation is a government-owned lender that finances power generation, transmission, distribution and renewable energy projects. It reported FY26 total income of Rs 1,15,533.18 crore, up 8.38% year on year, and net profit of Rs 33,625.34 crore, up 10.19%. Net profit has compounded at 15.69% a year since FY22, while total income has grown 10.91% a year.

The stock trades at a PE of 3.24 against an industry PE of 17.68, below the sector average, with a return on equity of 18.22%. The dividend yield is 5.63%. Net profit for the June 2026 quarter grew 0.18% to Rs 8,997.92 crore. The share price has gained 179.34% over five years. Foreign investors raised their holding from 18.66% in June 2025 to 20.54% in June 2026.

Price to Book Below 1.5 Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these price to book below 1.5 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%
Union Bank	1,28,399.52	18,780.63	0.19%	11.95%	37.80%
Indian Bank	78,332.70	12,226.99	8.72%	14.07%	32.28%
PFC	1,15,533.18	33,625.34	8.38%	10.91%	15.69%

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Institutional Holding in SBI, Union Bank, Indian Bank and PFC

Institutional holding shows who is backing these price to book below 1.5 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.

Stock	Promoter	FII	DII	Public	Quarter
SBI	55.47%	10.81%	26.64%	7.08%	June 2026
Union Bank	74.76%	8.63%	11.98%	4.63%	June 2026
Indian Bank	73.84%	6.86%	16.77%	2.53%	September 2026
PFC	55.99%	20.54%	14.51%	8.96%	June 2026

Risks to Weigh in Price to Book Below 1.5 Stocks

Being careful with price to book below 1.5 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 Price to Book Below 1.5 Stocks

Picking from price to book below 1.5 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 price to book below 1.5 stocks, SBI stands out for the largest market cap at Rs 8,68,768 crore, Union Bank for the fastest profit growth, 37.80% a year since FY22, Indian Bank for the biggest five-year price gain at 396.82% and PFC for the highest return on equity at 18.22%. 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 price to book below 1.5 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 Price to Book Below 1.5 Stocks to Watch

Which are the best price to book below 1.5 stocks to watch for multibagger potential?

Ans. SBI, Union Bank, Indian Bank and PFC are the 4 names this list highlights, with market caps of Rs 8,68,768 crore, Rs 1,31,926 crore, Rs 1,10,586 crore and Rs 1,08,819 crore respectively. SBI is notable for the largest market cap at Rs 8,68,768 crore. Union Bank stands out for the fastest profit growth, 37.80% a year since FY22. Indian Bank offers the biggest five-year price gain at 396.82%. PFC brings the highest return on equity at 18.22%. These are watchlist names for price to book below 1.5 stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is PFC a good stock for long-term investors?

Ans. PFC has a return on equity of 18.22%, a PE of 3.24 against an industry PE of 17.68 and a market cap of Rs 1,08,819 crore. Net profit has compounded at 15.69% a year since FY22, and FY26 revenue rose 8.38% while June 2026 quarter net profit grew 0.18%. Long-term returns in price to book below 1.5 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 price to book below 1.5 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 6.39 against an industry PE of 12.02, valuation should be checked against that growth before investing.

What is the market cap of SBI, Union Bank, Indian Bank and PFC?

Ans. As of 28 October 2026, SBI has a market cap of Rs 8,68,768 crore, Union Bank has a market cap of Rs 1,31,926 crore, Indian Bank has a market cap of Rs 1,10,586 crore and PFC has a market cap of Rs 1,08,819 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 price to book below 1.5 stocks.

What are the risks of investing in price to book below 1.5 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 PFC trading below its industry PE?

Ans. PFC trades at a PE of 3.24 against an industry PE of 17.68. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 15.69% a year since FY22 and FY26 revenue rose 8.38%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in SBI, Union Bank, Indian Bank and PFC?

Ans. As of the latest reported quarter, FII and DII together hold 37.45% of SBI (10.81% and 26.64%), 20.61% of Union Bank (8.63% and 11.98%), 23.63% of Indian Bank (6.86% and 16.77%) and 35.05% of PFC (20.54% and 14.51%). Rising institutional holding is a useful signal in price to book below 1.5 stocks, though it should be read with earnings trends rather than on its own.