PNB Housing Share Price: 14.2% CAGR in 3 Years Against LIC Housing and Home First

PNB Housing previous close Rs 1,111.40. 3-year CAGR 14.2%. Up 1.5x since 9 Nov 2023. ROE 11.61%. Market cap Rs 29,097 crore.

The PNB Housing share price has delivered a quiet but solid three-year run in a space where steady growth is the norm. PNB Housing Finance, the Delhi-based lender promoted by Punjab National Bank that listed in 2016, offers home loans and related products to salaried and self-employed borrowers.

We compare its record with LIC Housing Finance and Home First Finance Company. The article calculates three-year CAGR for all three and sets the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.

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How Much Has the PNB Housing Share Price Returned in 3 Years?

The PNB Housing stock closed at Rs 745.25 on 9 November 2023 and at Rs 1,111.40 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.49 lakh, which is a CAGR of 14.2%. 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 PNB Housing can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.

The PNB Housing share price has also followed the growth of home loan demand in India, where rising incomes and affordability have supported housing finance companies.

PNB Housing vs LIC Housing Finance and Home First Finance Company: 3-Year CAGR Compared

The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.

Company	Close on 9 Nov 2023	Previous close (9 Nov 2026)	Price multiple	3-year CAGR
PNB Housing Finance	Rs 745.25	Rs 1,111.40	1.5x	14.2%
LIC Housing Finance	Rs 449.55	Rs 551.90	1.2x	7.1%
Home First Finance Company	Rs 922.15	Rs 1,078.80	1.2x	5.4%

The PNB Housing stock leads the group at 14.2%, followed by LIC Housing Finance at 7.1% and Home First Finance Company at 5.4%. PNB Housing leads the group, followed by LIC Housing Finance and Home First. The three compounded at different speeds because they serve different customer groups and have different funding profiles.

Look at the PNB Housing 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	Debt to equity
LIC Housing Finance	Rs 30,363 crore	5.15	17.80	13.44%	6.50
PNB Housing Finance	Rs 29,097 crore	12.38	17.80	11.61%	3.93
Home First Finance Company	Rs 11,282 crore	18.21	21.72	13.28%	2.63

By market cap, LIC Housing Finance is the largest of the group at Rs 30,363 crore, while the PNB Housing stock stands at Rs 29,097 crore, about 96% of that size. On earnings, PNB Housing shares trade at a P/E of 12.38 against an industry P/E of 17.80, a discount of about 30% to the sector, which leaves room if earnings keep growing. Peer multiples are LIC Housing Finance at 5.15 and Home First Finance Company at 18.21.

Return on equity is 11.61% for the PNB Housing stock, which ranks third among the three, and debt to equity stands at 3.93. Trailing EPS is Rs 90.11. Lenders carry high debt to equity by design, since borrowing is their raw material, so P/E and ROE give a clearer picture than debt ratios alone.

What Is Driving the PNB Housing Stock?

PNB Housing Finance lends against residential property to salaried and self-employed customers, and it also offers loans for property purchase, construction and renovation. It is a housing finance company regulated by the National Housing Bank framework.

Housing finance earns the spread between what it charges borrowers and what it pays on funding. Growth in the loan book and control of funding costs and credit quality drive profit.

Followers of the PNB Housing share price usually track loan growth, net interest margin, credit quality and the cost of borrowing.

How the Established Players Stack Up

LIC Housing Finance is a Mumbai-based housing finance company promoted by LIC, and it is one of the largest in the segment. It compounded at 7.1% a year, on a market cap of Rs 30,363 crore and an ROE of 13.44%.

Home First Finance Company focuses on affordable housing loans for first-time borrowers in lower income groups. It compounded at 5.4% a year, on a market cap of Rs 11,282 crore and an ROE of 13.28%.

What Should Investors Track Next?

Three things are worth watching on the PNB Housing share price. First, growth of the loan book and disbursements. Second, net interest margin as funding costs change. Third, asset quality, which shows how well loans are being repaid.

At a P/E of 12, the stock trades at a lower multiple than the broader market. Lender earnings depend on credit quality and interest rate trends, so size any position with that in mind.

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How to Compare Housing Finance Stocks Yourself

You can repeat this exercise for any pair of stocks, including the PNB Housing 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 PNB Housing share price, the same four checks give a more complete picture than price alone.

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A Steady Lender With a Modest Valuation

The PNB Housing share price compounded at 14.2% a year over three years, ahead of LIC Housing at 7.1% and Home First at 5.4%. Its ROE of 11.61% and a P/E of 12.38 sit in a reasonable range for the segment.

LIC Housing brings scale and a very low multiple, while Home First offers an affordable housing focus with a slightly higher P/E. The choice depends on how you weigh growth against valuation.

Frequently Asked Questions

What is the PNB Housing share price today?

Ans. PNB Housing Finance closed at Rs 1,111.40 on 9 November 2026, according to NSE data. It has a market cap of Rs 29,097 crore and a P/E of 12.38. Check live quotes before acting, as prices change every trading day.

What is the 3-year CAGR of the PNB Housing stock?

Ans. PNB Housing Finance delivered a price CAGR of 14.2% over three years, moving from Rs 745.25 on 9 November 2023 to Rs 1,111.40 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.

Is PNB Housing better than LIC Housing?

Ans. The PNB Housing stock delivered a higher three-year CAGR at 14.2% than LIC Housing at 7.1%. LIC Housing is slightly larger by market cap at Rs 30,363 crore and has a higher ROE at 13.44% against 11.61%. The better choice depends on whether you prefer faster recent growth or a lower multiple.

What does PNB Housing Finance do?

Ans. PNB Housing Finance is a Delhi-based housing finance company promoted by Punjab National Bank that offers home loans, loans against property and related products.

Is the PNB Housing stock debt free?

Ans. The debt to equity ratio of the PNB Housing stock is 3.93 and its return on equity is 11.61%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.

Is PNB Housing expensive compared with the industry?

Ans. PNB Housing trades at a P/E of 12.38 against an industry P/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.

Which housing finance stock gave the highest return in 3 years?

Ans. Among the companies compared here, PNB Housing Finance delivered the highest three-year CAGR at 14.2%, followed by LIC Housing Finance at 7.1%. 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.