PNB

1. Profit Growth & Asset Quality PNB’s net profit more than doubled YoY in FY25, with net profit at ~₹16,630 cr and a sizeable improvement in margins and provisioning coverage. Asset quality has shown sustained improvement: declining gross and net NPAs over recent years. 2. Valuation P/E ratio around 8.1–8.3x, significantly below the broader banking sector average (~14x), suggesting cheap valuation on earnings multiples. P/B ratio ~1.04x, close to book value, another marker of reasonable valuation relative to peers. A valuation screen by marketsmojo indicated the stock was undervalued with attractive P/E and PEG ratios relative to historic averages and peers.