Low P/E Bank stocks with ROE above 12%
Bank companies trading below 15 times earnings while earning more than 12% on equity (market cap above ₹500 crore).
Data as of the close
| # | Company | P/E | ROE % | Price | D/E | Market cap |
|---|---|---|---|---|---|---|
| 1 | State Bank of India | 11.7 | 15.4 | ₹1,080 | 10.55 | ₹10.0L Cr |
| 2 | Punjab National Bank | 7.2 | 13.0 | ₹142.81 | 11.99 | ₹1.6L Cr |
| 3 | Union Bank of India | 7.0 | 15.7 | ₹203 | 9.88 | ₹1.6L Cr |
| 4 | Bank of Baroda | 6.0 | 12.7 | ₹273.84 | 11.21 | ₹1.4L Cr |
| 5 | Indian Bank | 9.5 | 15.4 | ₹932.85 | 10.95 | ₹1.3L Cr |
| 6 | Canara Bank | 5.8 | 16.1 | ₹130.91 | 14.57 | ₹1.2L Cr |
| 7 | IDBI Bank Ltd | 10.4 | 14.1 | ₹80 | 5.35 | ₹86.1K Cr |
| 8 | Bank of India | 5.6 | 12.4 | ₹154.1 | 12.36 | ₹70.1K Cr |
| 9 | Indian Overseas Bank | 9.5 | 14.9 | ₹31.63 | 11.22 | ₹60.9K Cr |
| 10 | Karur Vysya Bank Ltd | 12.5 | 19.1 | ₹381.55 | 8.47 | ₹36.9K Cr |
| 11 | South Indian Bank Ltd | 10.2 | 13.5 | ₹61.86 | 11.67 | ₹16.2K Cr |
| 12 | Jammu & Kashmir Bank Ltd | 6.4 | 15.4 | ₹137.27 | 10.38 | ₹15.1K Cr |
| 13 | Tamilnad Mercantile Bank Ltd | 8.9 | 14.0 | ₹890.05 | 6.66 | ₹14.1K Cr |
| 14 | CSB Bank Ltd | 7.7 | 13.5 | ₹303.75 | 10.19 | ₹5.3K Cr |
How this list is made: P/E between 0 and 15 and return on equity above 12%; market cap above ₹500 crore. Lowest P/E first.
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Frequently asked questions
Which Bank stocks have a low P/E?
The table lists companies below 15 times earnings that also earn more than 12% on equity, cheapest first.
Why add an ROE filter?
A low P/E alone often flags weak businesses. Requiring ROE above 12% keeps companies that are still profitable on their capital.
Does a low P/E mean a stock is undervalued?
Not always — earnings may be about to fall. Read the latest results and concall guidance before deciding.
Disclaimer: Lists are built from exchange closing prices and reported financials, for information only. They are not investment advice or a recommendation to buy or sell any security.