Punjab & Sind Bank (PSB) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Punjab & Sind Bank ₹16.35, price ₹20.96, upside -22.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹12.70 – ₹74.73 · fair‑value band ₹15.65 – ₹18.20 · the ₹20.96 price screens above the ₹16.35 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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Punjab & Sind Bank provides various banking and financial products and services in India. It offers deposit products, including saving accounts, current accounts, salary, fixed deposits.
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Punjab & Sind Bank provides various banking and financial products and services in India. It offers deposit products, including saving accounts, current accounts, salary, fixed deposits. The company also provides loans, such as home, auto, skill education, commercial vehicle, personal, doctor, mortgage, vyapar, e-vahan, gold, mudra, MSME, and agri loans; and SME liquid plus and contractor plus products, as well as sukhmoney for senior citizens, SB OD and central sector interest subsidiary schemes, roof solar top solar finance, and debt restructuring services. In addition, it offers locker facility and government schemes; life, general, and health insurance services; digital banking services comprising internet and mobile banking, SMS banking, Aadhaar seeding and pay, point of sale, unified payment interface, BBPS, IMPS/USSD, RTGS/NEFT, ATM/debit cards, and online payment; international banking services, including NRI schemes, export/import services, forex treasury, residential facilities, and gold card scheme; and social banking services. The company was incorporated in 1908 and is headquartered in New Delhi, India.
Stock analysis
Punjab & Sind Bank (PSB) currently trades at ₹20.96, while our model-based Fair Value estimate is ₹16.35, 22.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹24.22 per share, and 2 of the 6 models we run sit above the ₹20.96 price.
Bear case: the Asset-Based group reads lowest at ₹13.34, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹15.65 (bear) to ₹18.20 (bull), the price of ₹20.96 sits above 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 53/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Punjab & Sind Bank reported revenue of ₹138B in FY2026 versus ₹81.1B in FY2022, a compound +14.1%/yr. Reported net income was ₹13.2B in FY2026, compounding +6.2%/yr from FY2022.
Key figures
Market cap ₹149B (≈ $1.5B) · P/E ratio 10.7 · P/S ratio 1.03 · EPS (TTM) ₹1.95 · Dividend yield 1.9% · Net margin 9.6% · Return on equity 9.8% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −22%, PSB screens cheaper than that median.
Fair Value models
Bear ₹15.65Fair Value ₹16.35Bull ₹18.20
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 (₹0.7907 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.2%
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.
+15.6%
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.
+12.1%
Start year 2021 (pandemic). Over 10 years: +4.1% a year
Revenue growth 20 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.
+12.1%
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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.
−4.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)1.9%
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.−6.2% vs −9.5%, picking up
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.−44% → 13%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −8.8% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 1056 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−22.0% · Below median
Profitability
Return on equity (TTM)9.8% · Below median
Return on assets0.8% · Below median
Net margin (TTM)28.5% · Below median
Operating margin (TTM)35.4% · Below median
Growth and dividend
Revenue growth10.9% · Above median
Dividend yield (TTM)1.9% · Below median
Balance sheet
Debt / equity1.01× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Punjab & Sind Bank Fair Value". https://www.fairvalue-calculator.com/stock/PSB
Frequently asked questions
Is Punjab & Sind Bank (PSB) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹16.35 versus a price of ₹20.96, about −22% upside (overvalued).
What is the fair value of PSB?
Our model-based fair value for Punjab & Sind Bank is ₹16.35 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹20.96.
What is the quality score of PSB?
Punjab & Sind Bank has a Quality Score of 53/100. 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 Punjab & Sind Bank (PSB)?
Our model-based price target is the fair value of ₹16.35 (as of Oct 1, 2026) from 6 valuation models. Cautious scenario ₹15.65, optimistic scenario ₹18.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Punjab & Sind Bank stock forecast for 2026?
Our models put fair value at ₹16.35, about −22% upside versus a price of ₹20.96 (overvalued). Cautious scenario ₹15.65, optimistic scenario ₹18.20. The calculation is refreshed regularly with new filings.
What is the revenue of Punjab & Sind Bank (PSB)?
Punjab & Sind Bank reported trailing-twelve-month revenue of about ₹48.5B (latest available figure, as of Oct 1, 2026).
Does Punjab & Sind Bank pay a dividend?
Punjab & Sind Bank currently shows a dividend yield of about 1.86% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Punjab & Sind Bank (PSB)?
For today's price to be fair in a discounted-cash-flow model, Punjab & Sind Bank would have to grow free cash flow by -5.0 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of PSB use?
Our models discount Punjab & Sind Bank at 12.4 %: a base by market capitalisation (small), damped by beta 0.49, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Punjab & Sind Bank that is -5.0 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Punjab & Sind Bank (PSB) delivered so far?
Over the past 5 years revenue at Punjab & Sind Bank grew +12.1 % a year. The price currently implies -5.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Punjab & Sind Bank (PSB) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Punjab & Sind Bank (-5.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Punjab & Sind Bank (PSB)?
The free-cash-flow yield on the price is 22.46 %: that much free cash flow Punjab & Sind Bank produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Punjab & Sind Bank (PSB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Punjab & Sind Bank it is ₹16.35 per share (as of Oct 1, 2026), against a price of ₹20.96. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Punjab & Sind Bank stock overvalued or undervalued in 2026?
As of Oct 1, 2026, PSB trades above its calculated fair value: price ₹20.96, fair value ₹16.35, a gap of about −22% (overvalued). 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 PSB?
No. The price is what the market pays today (₹20.96); the fair value is what the company's own numbers justify (₹16.35). For Punjab & Sind Bank the two are ₹4.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is Punjab & Sind Bank worth?
The market values Punjab & Sind Bank at about ₹149B (market capitalisation, as of Oct 1, 2026). Per share that is ₹20.96; our models calculate a fair value of ₹16.35 per share.
What do the bullish and bearish scenarios say about PSB?
Our models span a range for Punjab & Sind Bank: cautious scenario ₹15.65, base ₹16.35, optimistic ₹18.20 per share (as of Oct 1, 2026, price ₹20.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PSB?
Punjab & Sind Bank trades at a price-to-earnings ratio of 10.7 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹16.35 is built from several models across several years. Other multiples: P/B 1.1, P/S 3.1, EV/EBITDA 11.8.
How solid is the balance sheet of Punjab & Sind Bank (PSB)?
Balance-sheet figures for Punjab & Sind Bank (as of Oct 1, 2026): return on equity 9.8%, debt of 1.01 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is PSB from its 52-week high?
Punjab & Sind Bank trades at ₹20.96, about 34% below its 52-week high of ₹31.86 and 1% above the low of ₹20.66 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹16.35 is for.
Which stocks are comparable to Punjab & Sind Bank?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, 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 Punjab & Sind Bank stock attractive at the current price?
The data as of Oct 1, 2026: price ₹20.96, calculated fair value ₹16.35 (−22%), Quality Score 53/100, 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 PSB calculated?
We run Punjab & Sind 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 ₹16.35, 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 14.5 % above its aggregate fair value. Punjab & Sind Bank itself currently trades above fair value. 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 Punjab & Sind Bank (PSB)?
The closing price on Oct 1, 2026 was ₹20.96. Our model-based fair value is ₹16.35, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Punjab & Sind Bank right now?
The price sits above even our optimistic bull case (₹18.20). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Punjab & Sind Bank (PSB) come from?
Earnings per share at Punjab & Sind Bank grew +5.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share −7.4 %, EBIT margin +17.9 %, tax rate −0.1 %, residual (interest, one-offs) −3.4 %. 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 Punjab & Sind Bank
How large is the market capitalisation of Punjab & Sind Bank (PSB)?
The market capitalisation of Punjab & Sind Bank is ₹149B (≈ $1.5B). 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 Punjab & Sind Bank (PSB)?
The price-to-sales ratio of Punjab & Sind Bank is 1.03 (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 Punjab & Sind Bank (PSB)?
Earnings per share at Punjab & Sind Bank are ₹1.95 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Punjab & Sind Bank (PSB)?
The dividend yield of Punjab & Sind Bank is 1.9% (payout 20.0%). 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 Punjab & Sind Bank (PSB)?
The net margin of Punjab & Sind Bank is 9.6% (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 Punjab & Sind Bank (PSB)?
The return on equity (ROE) of Punjab & Sind Bank is 9.8% (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 Punjab & Sind Bank (PSB)?
On an EBIT basis the return on assets of Punjab & Sind Bank is 0.9% (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 Punjab & Sind Bank (PSB)?
The operating margin of Punjab & Sind Bank is 35.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Punjab & Sind Bank (PSB)?
Revenue at Punjab & Sind Bank is growing +10.9% versus a year earlier (3y avg +15.6%). 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 Punjab & Sind Bank (PSB)?
Earnings per share at Punjab & Sind Bank are growing +23.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Punjab & Sind Bank (PSB) carry?
The net debt of Punjab & Sind Bank is ₹101B (fiscal year 2026, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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