State Bank of India vs Punjab National Bank vs Canara Bank: Which Stock Should You Track

State Bank of India vs Punjab National Bank vs Canara Bank starts with the core numbers most investors compare within the PSU Banking segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the PSU Banking bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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State Bank of India, Punjab National Bank and Canara Bank: Company Overview

State Bank of India is a listed Indian company in the PSU Banking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Punjab National Bank is a listed Indian company in the PSU Banking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Canara Bank is a listed Indian company in the PSU Banking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

State Bank of India vs Punjab National Bank vs Canara Bank: Valuation and Profitability Snapshot

Metric	State Bank of India	Punjab National Bank	Canara Bank
Market Cap (approx.)	Rs 9,06,923 crore	Rs 1,34,123 crore	Rs 1,13,338 crore
PE Ratio (TTM)	10.11	6.06	5.72
PB Ratio	1.54	0.92	0.97
Return on Equity (ROE)	14.29%	15.13%	16.94%
EPS (TTM, Rs)	97.14	19.26	21.86
Dividend Yield	1.77%	2.57%	3.36%
Debt to Equity	NA	NA	NA
Book Value per Share (Rs)	636.48	127.02	129.21

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On valuation, State Bank of India trades at a PE of 10.11 and a PB of 1.54, Punjab National Bank at a PE of 6.06 and a PB of 0.92, while Canara Bank trades at a PE of 5.72 and a PB of 0.97. On return on equity, the three post 14.29%, 15.13% and 16.94% respectively, and on dividend yield they stand at 1.77%, 2.57% and 3.36%.

State Bank of India vs Punjab National Bank vs Canara Bank: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
State Bank of India	Rs 180,061.86 crore	Rs 24,579.04 crore	+7.8%	-0.6%
Punjab National Bank	Rs 37,953.75 crore	Rs 5,339.15 crore	-0.1%	+2.9%
Canara Bank	Rs 39,695.71 crore	Rs 4,864.08 crore	-4.2%	+8.6%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three psu banking names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

State Bank of India vs Punjab National Bank vs Canara Bank highlights how differently three companies in the same psu banking segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on State Bank of India vs Punjab National Bank vs Canara Bank

What is the market cap difference between State Bank of India, Punjab National Bank and Canara Bank?

Ans. As of September 2026, State Bank of India has a market cap of approximately Rs 9,06,923 crore, Punjab National Bank is at approximately Rs 1,34,123 crore, and Canara Bank is at approximately Rs 1,13,338 crore.

Which of the three has the highest PE ratio?

Ans. Among State Bank of India, Punjab National Bank and Canara Bank, the PE ratios stand at 10.11, 6.06 and 5.72 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. State Bank of India, Punjab National Bank and Canara Bank post ROE of 14.29%, 15.13% and 16.94% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. State Bank of India, Punjab National Bank and Canara Bank carry dividend yields of 1.77%, 2.57% and 3.36% respectively.

What is the debt to equity ratio for State Bank of India, Punjab National Bank and Canara Bank?

Ans. State Bank of India carries a debt to equity of NA, Punjab National Bank of NA, and Canara Bank of NA.

Which of the three trades at the highest price to book value?

Ans. State Bank of India, Punjab National Bank and Canara Bank trade at price to book ratios of 1.54, 0.92 and 0.97 respectively.

Is one of State Bank of India, Punjab National Bank or Canara Bank better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.