Union Bank of India vs Canara Bank: share price, P/E, ROE and financials compared
Union Bank of India
Canara Bank
Union Bank of India and Canara Bank at a glance
Union Bank of India and Canara Bank are both listed in Financial Services. Union Bank of India is the larger by market cap, at ₹1.4L Cr against ₹1.1L Cr for Canara Bank (1.3 times as large). On valuation, Canara Bank has the lower P/E (5.5× against 6.5×) and the lower price-to-book (0.87× against 1.00×). On returns and margins, Union Bank of India has the higher ROE (16.3% against 15.1%). Over three years, Union Bank of India has faster 3-year profit growth (+31.7% against +20.5% 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 | Union Bank of IndiaUNIONBANK | Canara BankCANBK |
|---|---|---|
| Price (₹) | 187.00 | 122.93 |
| Market cap (₹ Cr) | 1,42,748 | 1,11,506 |
| P/E | 6.5× | 5.5× (the lower figure, shaded) |
| P/B | 1.00× | 0.87× (the lower figure, shaded) |
| Dividend yield, trailing | 2.67% | 3.42% (the higher figure, shaded) |
| ROE | 16.3% (the higher figure, shaded) | 15.1% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 41.5% | 46.5% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +31.7% (the higher figure, shaded) | +20.5% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 21,999 | 20,390 |
| 1Y return | +24.1% (the higher figure, shaded) | −12.0% |
| Promoter holding | – | – |
Union Bank of India vs Canara Bank: common questions
Which is bigger, Union Bank of India or Canara Bank?
By market cap, Union Bank of India is bigger at ₹1.4L Cr, against ₹1.1L Cr for Canara Bank (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹21,999 Cr for Union Bank of India and ₹20,390 Cr for Canara Bank.
Which has a lower P/E ratio, Union Bank of India or Canara Bank?
Union Bank of India trades at a P/E of 6.5× and Canara Bank at 5.5×. Canara 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, Union Bank of India or Canara Bank?
Union Bank of India reports a return on equity of 16.3% and Canara Bank 15.1%. Union Bank of India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Union Bank of India or Canara Bank?
Over the last three years: profit grew +31.7% a year at Union Bank of India and +20.5% at Canara Bank, so Union Bank of India grew profit faster. Past growth doesn’t predict future growth.