Canara Bank (CANBK.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-17.9%

₹97.04

vs ₹118.20 price

Levered DCF

₹22.76

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.27

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	5.68×	4.66×	7×	4.58×	6.5×	7.97×	-8.26×	35.82×
P/B	0.95×	0.77×	1.16×	0.66×	0.59×	0.44×	0.4×	1.42×
P/S	0.73×	0.53×	0.77×	0.48×	0.45×	0.3×	0.27×	0.93×
EV / EBITDA	2.38×	-1.69×	0.73×	-1.92×	-9.01×	-20.42×	10.94×	-16.35×
Gross margin	36.5%	46.2%	47.8%	51.1%	53.6%	51.6%	41.9%	43.9%
Operating margin	16.6%	15.2%	14.9%	13.8%	10.2%	4.4%	-2.3%	-3.7%
Net margin	12.9%	11.4%	11.1%	10.4%	6.6%	3.1%	-3.2%	1.0%
Current ratio	8,859.03×	0.17×	0.14×	0.15×	0.19×	0.2×	0.16×	0.18×
Debt / equity	1.32×	0.79×	0.65×	0.76×	0.68×	0.8×	1.01×	1.08×
Interest coverage	0.29×	0.28×	0.29×	0.28×	0.22×	0.09×	-0.04×	-0.07×
Dividend yield	3.2%	3.6%	2.0%	2.3%	0.0%	0.0%	0.0%	0.0%
Payout ratio	18.4%	16.7%	14.2%	10.5%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.7%	16.6%	16.6%	14.4%	8.8%	4.6%	-4.8%	1.6%
Return on invested capital	1.0%	6.7%	7.2%	5.8%	3.6%	1.8%	-1.2%	0.5%
Return on assets	1.0%	1.0%	1.0%	0.8%	0.5%	0.2%	-0.3%	0.1%
Free cash flow yield	-16.6%	-102.4%	27.9%	-78.6%	0.2%	210.6%	-34.2%	33.1%
Earnings yield	17.6%	21.5%	14.3%	21.8%	14.8%	10.5%	-12.1%	1.1%
Enterprise value	₹609.1B	-₹410.1B	₹157.7B	-₹306.4B	-₹932.3B	-₹1T	-₹105.7B	₹275B
Net debt / EBITDA	-1.99×	-5.06×	-4.23×	-5.15×	-13×	-25.97×	27.95×	15.35×
Cash conversion cycle (days)	-6	32	6	-8	26	34	105	129