State Bank of India vs Punjab National Bank: share price, P/E, ROE and financials compared
State Bank of India
Punjab National Bank
State Bank of India and Punjab National Bank at a glance
State Bank of India and Punjab National Bank are both listed in Financial Services. State Bank of India is the larger by market cap, at ₹9.4L Cr against ₹1.5L Cr for Punjab National Bank (6.5 times as large). On valuation, Punjab National Bank has the lower P/E (6.4× against 10.4×) and the lower price-to-book (0.90× against 1.40×). Over three years, Punjab National Bank has faster 3-year profit growth (+76.4% against +14.4% 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 | State Bank of IndiaSBIN | Punjab National BankPNB |
|---|---|---|
| Price (₹) | 1,018.50 | 126.55 |
| Market cap (₹ Cr) | 9,40,138 | 1,45,443 |
| P/E | 10.4× | 6.4× (the lower figure, shaded) |
| P/B | 1.40× | 0.90× (the lower figure, shaded) |
| Dividend yield, trailing | 1.70% | 2.37% (the higher figure, shaded) |
| ROE | 14.7% | 15.1% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 23.0% | 38.8% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +14.4% | +76.4% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 22,861 |
| 1Y return | +5.1% (the higher figure, shaded) | +2.3% |
| Promoter holding | 55.45% | 70.08% |
State Bank of India vs Punjab National Bank: common questions
Which is bigger, State Bank of India or Punjab National Bank?
By market cap, State Bank of India is bigger at ₹9.4L Cr, against ₹1.5L Cr for Punjab National Bank (prices as of 6 Nov 2026).
Which has a lower P/E ratio, State Bank of India or Punjab National Bank?
State Bank of India trades at a P/E of 10.4× and Punjab National Bank at 6.4×. Punjab National Bank has the lower P/E. 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, State Bank of India or Punjab National Bank?
State Bank of India reports a return on equity of 14.7% and Punjab National Bank 15.1%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, State Bank of India or Punjab National Bank?
Over the last three years: profit grew +14.4% a year at State Bank of India and +76.4% at Punjab National Bank, so Punjab National Bank grew profit faster. Past growth doesn’t predict future growth.