PNB
Punjab National Bank
Each stock's 10,000-path forecast, rendered as light.
Punjab National Bank (PNB) Stock Analysis & Case Study
Is PNB a good buy? The data-driven verdict.
Punjab National Bank (PNB) trades at ₹114,on the numbers it worth a closer look, a Downstox Snapshot Score of 69/100.
On the numbers, Punjab National Bank (PNB) worth a closer look, a Downstox Snapshot Score of 69/100, weighing inexpensive at 6.0× earnings, ROE of 13.0%, a 56% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
PNB fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How PNB ranks against the 2,371 companies in our screener
- PNB's market cap of 1.31L Cr ranks in the top 3% of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- PNB's book value of ₹136 ranks in the 61st percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- PNB's promoter holding of 70.1% ranks in the 74th percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- PNB's 3-year profit (PAT) growth of 76.0% ranks in the 91st percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- PNB's 3-year revenue growth of 15.0% ranks in the 63rd percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
We do not hold a debt-to-equity ratio figure for PNB, as of 8 Aug 2026, so it is not ranked here.
Is PNB overvalued? PNB P/E vs its Banking
PNB's P/E of 6.0× sits below the Banking peer median of 18.2×, so on earnings it screens cheaper than peers, while its 2.62% dividend yield is above the peer median of 0.84%.
PNB share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of PNB history (-1%/yr drift, 29%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| PNB 2027 | ₹84 | ₹120 | ₹173 | +5% |
| PNB 2028 | ₹76 | ₹126 | ₹209 | +10% |
| PNB 2029 | ₹71 | ₹132 | ₹246 | +15% |
| PNB 2030 | ₹67 | ₹138 | ₹283 | +20% |
| PNB 2031 | ₹64 | ₹145 | ₹324 | +26% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability PNB goes up, or doubles?
The bull case for PNB
- PNB's P/E of 6.0x is lower than 93% of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- Low price-to-book of 0.84×, the market is paying little over the company's net assets.
- PNB's return on equity of 13.0% ranks in the 64th percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- PNB's dividend yield of 2.6% ranks in the 92nd percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹246.
The bear case & risks
- No model or past record guarantees future returns, treat this as one input, not a decision.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹71.
PNB volatility & expected range, how bumpy is the ride?
Over the last 9.8 years PNB compounded at -1%/year with annualized volatility of 29%. That volatility implies a 1-year 80% range of ₹84-₹173, the honest backbone behind any single price target.
PNB price forecast, the full 60-month probability fan
PNB price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds PNB hits common targets within the simulated horizon?
Full multi-horizon detail on the PNB price target & forecast page.
PNB Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. PNB scores 6/8, mixed financial health.
PNB MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy PNB with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 25.70% | 3.9× |
| Zerodha | 24.90% | 4.0× |
| Groww | 24.95% | 4.0× |
| Dhan | 23.00% | 4.3× |
| Kotak Neo | 25.00% | 4.0× |
| Paytm MoneyCHEAPEST | 22.44% | 4.5× |
| Pocketful | 29.34% | 3.4× |
| Fyers | 30.30% | 3.3× |
| Anand Rathi | 29.17% | 3.4× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 29.28% | 3.4× |
Compare every broker on the PNB MTF page.
PNB vs peers,Banking comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| PNB (this stock) | 6.0× | 2.62% | ₹1.31L Cr |
| HDFCBANK | 14.3× | 1.78% | ₹11.26L Cr |
| ICICIBANK | 18.2× | 0.84% | ₹10.20L Cr |
| SBIN | 12.0× | 1.60% | ₹10.03L Cr |
| KOTAKBANK | 19.4× | 0.17% | ₹3.89L Cr |
| INDUSINDBK | 60.2× | 0.15% | ₹79,627 Cr |
| YESBANK | 19.2× | 0.00% | ₹72,571 Cr |
Fundamentals from Screener.in, as of 8 Aug 2026
About Punjab National Bank: sector, index & market-cap context
Punjab National Bank (PNB) is a large-cap NSE-listed company in the Banking sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.31L Cr. See more stocks on our screener.
How the PNB Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Punjab National Bank's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
PNB analysis, FAQs
Is Punjab National Bank (PNB) a good buy?
On the numbers, Punjab National Bank (PNB) worth a closer look, a Downstox Snapshot Score of 69/100, weighing inexpensive at 6.0× earnings, ROE of 13.0%, a 56% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is PNB overvalued or undervalued?
PNB trades at 6.0× earnings versus a peer median of 18.2×, so it screens cheaper than its Banking peers.
What is the PNB share price target for 2031?
PNB's probability-weighted 2031 median target is ₹145, with an 80% range of ₹64-₹324 (10,000-path Monte-Carlo).
What is the probability PNB doubles in 5 years?
The modelled probability of PNB reaching ₹230 (2×) within 5 years is 23%.
What is the bull case for PNB?
PNB's P/E of 6.0x is lower than 93% of the 2,371 NSE companies in our screener, as of 8 Aug 2026. Low price-to-book of 0.84×, the market is paying little over the company's net assets. PNB's return on equity of 13.0% ranks in the 64th percentile of the 2,371 NSE companies in our screener, as of 8 Aug 2026.
What are the risks in PNB?
No model or past record guarantees future returns, treat this as one input, not a decision.