City Union Bank Adjusts Valuation Grade Amid Strong Market Performance and Metrics

City Union Bank has recently undergone a valuation adjustment, reflecting its current financial metrics and market position within the private sector banking industry. The bank's price-to-earnings (PE) ratio stands at 12.77, while its price-to-book value is recorded at 1.52. The PEG ratio is noted at 1.21, and the dividend yield is 0.77%. Additionally, the bank's return on equity (ROE) is 11.87%, and the return on assets (ROA) is 1.45%. The net non-performing assets (NPA) to book value ratio is 6.90%.
In comparison to its peers, City Union Bank's valuation metrics indicate a relatively higher position. For instance, Karur Vysya Bank has a PE ratio of 9.6, while RBL Bank and Ujjivan Small Finance Bank show attractive valuations with PE ratios of 18.58 and 11.89, respectively. Notably, City Union Bank has demonstrated strong stock performance, with a year-to-date return of 12.20%, significantly outpacing the Sensex's return of 5.36% during the same period. Over the past year, the bank's stock has appreciated by 25.80%, further highlighting its competitive standing in the market.