Punjab National Bank vs Bank of Baroda: share price, P/E, ROE and financials compared
Punjab National Bank
Bank of Baroda
Punjab National Bank and Bank of Baroda at a glance
Punjab National Bank and Bank of Baroda are both listed in Financial Services. Punjab National Bank is the larger by market cap, at ₹1.5L Cr against ₹1.3L Cr for Bank of Baroda. On valuation, Bank of Baroda has the lower price-to-book (0.74× against 0.90×). On returns and margins, Punjab National Bank has the higher ROE (15.1% against 11.9%). Over three years, Punjab National Bank has faster 3-year profit growth (+76.4% against +10.0% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | Punjab National BankPNB | Bank of BarodaBANKBARODA |
|---|---|---|
| Price (₹) | 126.55 | 250.31 |
| Market cap (₹ Cr) | 1,45,443 | 1,29,444 |
| P/E | 6.4× | 6.5× |
| P/B | 0.90× | 0.74× (the lower figure, shaded) |
| Dividend yield, trailing | 2.37% | 3.40% (the higher figure, shaded) |
| ROE | 15.1% (the higher figure, shaded) | 11.9% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 38.8% (the higher figure, shaded) | 28.4% |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +76.4% (the higher figure, shaded) | +10.0% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 22,861 | 19,764 |
| 1Y return | +2.3% (the higher figure, shaded) | −13.3% |
| Promoter holding | 70.08% | 63.97% |
Punjab National Bank vs Bank of Baroda: common questions
Which is bigger, Punjab National Bank or Bank of Baroda?
By market cap, Punjab National Bank is bigger at ₹1.5L Cr, against ₹1.3L Cr for Bank of Baroda (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹22,861 Cr for Punjab National Bank and ₹19,764 Cr for Bank of Baroda.
Which has a lower P/E ratio, Punjab National Bank or Bank of Baroda?
Punjab National Bank trades at a P/E of 6.4× and Bank of Baroda at 6.5×. The two are close. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Punjab National Bank or Bank of Baroda?
Punjab National Bank reports a return on equity of 15.1% and Bank of Baroda 11.9%. Punjab National Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Punjab National Bank or Bank of Baroda?
Over the last three years: profit grew +76.4% a year at Punjab National Bank and +10.0% at Bank of Baroda, so Punjab National Bank grew profit faster. Past growth doesn’t predict future growth.