In the present context, the stock price of eight commercial banks has fallen down below Rs 200.
As per the data till last Wednesday, May 10, stock price of Prabhu Bank is at the bottom among the listed companies. A stock of Prabhu Bank was traded at Rs 169 per unit. Similarly, Kumari Bank was traded at Rs 179.2 per unit of share.
Apart from them, Citizens Bank, Laxmi Bank, Sunrise Bank, Nepal Investment Mega Bank, Global IME Bank and Prime Commercial Bank also have stock price below Rs 200.
One dozen Banks have P/E Ratio below 15 Times
The average Price Earning Ratio (P/E ratio) of commercial banks is 16 times as per the calculation made on the basis of third quarter report of the banks published by them and price on Wednesday.
The P/E ratio declined due to declined stock price of the banks. Out of 20 banks, 14 banks have P/E ratio below 16 times and 3 have below 20 times.
During the period, Global IME Bank has the lowest P/E ratio of 11.55 times while Agriculture Development Bank has the highest P/E ratio of 33.05 times.
