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Canara Bank (CANBK) fair value: what the stock is really worth

We calculate from audited financials what Canara Bank is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · IN · ISIN INE476A01014

CB Some data Sep 18, 2026

Canara Bank

CANBK · NSE

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value ₹180.31 · Undervalued (+46%)
!Quality 29/100
!Expensive Growth (revenue 5y +10.4 %/yr)
✓Highly profitable · 37.0% net margin (TTM)
!Moderate debt · negative free cash flow
·3.39% dividend yield
!Mixed vs. peers (7/12)
!Moderate moat 45/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹153.85 ₹24.25 Fair Value ₹180.31 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range ₹24.25 – ₹153.85 · fair‑value band ₹134.11 – ₹290.04 · the ₹123.78 price screens below the ₹180.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.

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Company profile

Canara Bank provides various banking products and services in India and internationally.

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Canara Bank provides various banking products and services in India and internationally. The company offers deposits and accounts, such as savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposits; loan products, including home, vehicle, education, personal, mortgage, gold, MSME, agri, and solar loans; life, general, and health insurance products; corporate loans comprising working capital, infrastructure, and export finance products, as well as term loans; depository services, merchant banking, and online trading services; and mutual funds. The company also provides digital lending portal; mobile and internet banking; credit, debit, and prepaid cards; UPI and fastag; missed call banking; online account opening services; and payment solutions; NRI banking accounts; remittance facilities; attorneyship service; and nomination facility. In addition, it offers supply chain finance management; syndication services; IPO monitoring services; locker services; doorstep banking services; and consultancy services, which includes estate and wills, private and charitable religious trustee, debenture and security trusteeship, and attorney services. Further, the company offers government business products. Canara Bank was incorporated in 1906 and is headquartered in Bengaluru, India.

Stock analysis

Canara Bank (CANBK) currently trades at ₹123.78, while our model-based Fair Value estimate is ₹180.31, implying the stock looks roughly 31.4% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of ₹202.32 per share, and 3 of the 6 models we run sit above the ₹123.78 price.

Bear case: the Dividend Discount group reads lowest at ₹68.81, and 3 of the 6 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹134.11 (bear) to ₹290.04 (bull), the price of ₹123.78 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Canara Bank reported revenue of ₹1.5T in FY2026 versus ₹928B in FY2022, a compound +13.3%/yr. Reported net income was ₹197B in FY2026, compounding +33.9%/yr from FY2022.

Key figures

Market cap ₹1.1T (≈ $11.7B) · P/E ratio 5.7 · P/S ratio 0.73 · EPS (TTM) ₹21.73 · Dividend yield 3.4% · Net margin 12.9% · Return on equity 15.9% · Return on assets (EBIT) 1.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 46%, CANBK screens cheaper than that median.

Fair Value models

Bear ₹134.11 Fair Value ₹180.31 Bull ₹290.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹8.41 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
DDM Multi-Stage ₹38.48 ₹68.81 ₹87.54 66
Gordon GGM ₹38.48 ₹84.00 ₹141.33 65
Residual Income ₹150.12 ₹202.32 ₹772.56 64
All 6 models by family
Dividend Discount
Gordon GGM ₹38.48 ₹84.00 ₹141.33 65
DDM Multi-Stage ₹38.48 ₹68.81 ₹87.54 66
Multiples
P/E Multiple ₹211.82 ₹282.42 ₹353.03 63
P/B Multiple ₹136.25 ₹181.67 ₹227.09 55
Asset-Based
NCAV (Graham) ₹64.88 ₹86.94 ₹129.76 54
Economic Profit
Residual Income ₹150.12 ₹202.32 ₹772.56 64

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Quality Score breakdown

Overall quality 29/100

Of which business quality 30 · Market factors (momentum, volatility) 54

Profitability 30
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 40
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.2%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.3%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4% vs 14%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 17%

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1073 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside +85% · Top 25%
Profitability
Return on equity (TTM) 16% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 37% · Above median
Operating margin (TTM) −32% · Bottom 25%
Growth and dividend
Revenue growth −47% · Bottom 25%
Dividend yield (TTM) 3.4% · Above median
Balance sheet
Debt / equity 0.76× · Above median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 5.7× · Cheapest 25%
P/B 0.97× · Cheaper than median
P/S (TTM) 2.38× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)94 · sector 11
FUTURE (revenue growth)0 · sector 44
PAST (return on equity)64 · sector 41
HEALTH (low debt)62 · sector 85
DIVIDEND (yield)68 · sector 53

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
DBS Group DBS19 20.20 THB 6.69 THB −67%
China Merchants Bank Co 3968 HK$51.35 HK$78.59 +53%
Intesa Sanpaolo S.p.A ISP €6.74 €4.04 −40%
HDFC Bank Limited HDB $23.16 $15.60 −33%
BNP Paribas SA BNP €102.32 €105.99 +4%
UniCredit S.p.A UCG €82.92 €77.62 −6%
Mizuho Financial Group MFG $11.15 $9.67 −13%
ICICI Bank Limited ICICIBANK ₹1,359 ₹636.31 −53%
The PNC Financial Services Group PNC $231.49 $159.52 −31%
Oversea-Chinese Banking Corporation O39 31.28 SGD 19.80 SGD −37%

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Canara Bank · Fair Value
₹180.31 +31%Fair Value
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Cite: Fair Value Calculator (2026). "Canara Bank Fair Value". https://www.fairvalue-calculator.com/stock/CANBK

Frequently asked questions

Is Canara Bank (CANBK) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ₹180.31 versus a price of ₹123.78, about +46% upside (undervalued).
What is the fair value of CANBK?
Our model-based fair value for Canara Bank is ₹180.31 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹123.78.
What is the quality score of CANBK?
Canara Bank has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Canara Bank (CANBK)?
Our model-based price target is the fair value of ₹180.31 (as of Sep 18, 2026) from 6 valuation models. Cautious scenario ₹134.11, optimistic scenario ₹290.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Canara Bank stock forecast for 2026?
Our models put fair value at ₹180.31, about +46% upside versus a price of ₹123.78 (undervalued). Cautious scenario ₹134.11, optimistic scenario ₹290.04. The calculation is refreshed regularly with new filings.
Does Canara Bank pay a dividend?
Canara Bank currently shows a dividend yield of about 3.39% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Canara Bank (CANBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Canara Bank it is ₹180.31 per share (as of Sep 18, 2026), against a price of ₹123.78. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Canara Bank stock overvalued or undervalued in 2026?
As of Sep 18, 2026, CANBK trades below its calculated fair value: price ₹123.78, fair value ₹180.31, a gap of about +46% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CANBK?
No. The price is what the market pays today (₹123.78); the fair value is what the company's own numbers justify (₹180.31). For Canara Bank the two are ₹56.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Canara Bank worth?
The market values Canara Bank at about ₹1.1T (market capitalisation, as of Sep 18, 2026). Per share that is ₹123.78; our models calculate a fair value of ₹180.31 per share.
What do the bullish and bearish scenarios say about CANBK?
Our models span a range for Canara Bank: cautious scenario ₹134.11, base ₹180.31, optimistic ₹290.04 per share (as of Sep 18, 2026, price ₹123.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CANBK?
Canara Bank trades at a price-to-earnings ratio of 5.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹180.31 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.4.
How solid is the balance sheet of Canara Bank (CANBK)?
Balance-sheet figures for Canara Bank (as of Sep 18, 2026): return on equity 15.9%, debt of 0.76 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is CANBK from its 52-week high?
Canara Bank trades at ₹123.78, about 24% below its 52-week high of ₹162.89 and 20% above the low of ₹103.55 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹180.31 is for.
Which stocks are comparable to Canara Bank?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Canara Bank stock attractive at the current price?
The data as of Sep 18, 2026: price ₹123.78, calculated fair value ₹180.31 (+46%), Quality Score 29/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CANBK calculated?
We run Canara Bank through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹180.31, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Canara Bank currently trades 46 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Canara Bank (CANBK)?
The closing price on Sep 18, 2026 was ₹123.78. Our model-based fair value is ₹180.31, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Canara Bank right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹134.11). The market is more pessimistic than our downside scenario. A fairly wide model range (₹134.11 to ₹290.04) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Canara Bank (CANBK) come from?
Earnings per share at Canara Bank grew +19.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.5 %, EBIT margin +13.6 %, tax rate −0.5 %, residual (interest, one-offs) −1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Canara Bank

How large is the market capitalisation of Canara Bank (CANBK)?
The market capitalisation of Canara Bank is ₹1.1T (≈ $11.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Canara Bank (CANBK)?
The price-to-sales ratio of Canara Bank is 0.73 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Canara Bank (CANBK)?
Earnings per share at Canara Bank are ₹21.73 (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Canara Bank (CANBK)?
The dividend yield of Canara Bank is 3.4% (payout 19.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Canara Bank (CANBK)?
The net margin of Canara Bank is 12.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Canara Bank (CANBK)?
The return on equity (ROE) of Canara Bank is 15.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Canara Bank (CANBK)?
On an EBIT basis the return on assets of Canara Bank is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Canara Bank (CANBK)?
The operating margin of Canara Bank is −32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Canara Bank (CANBK)?
Revenue at Canara Bank is growing −46.7% versus a year earlier (3y avg +12.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Canara Bank (CANBK)?
Earnings per share at Canara Bank are growing −9.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Canara Bank (CANBK) generate?
The free cash flow of Canara Bank is −₹185B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Canara Bank (CANBK) hold?
Canara Bank holds more cash than debt, ₹510B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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