Pe 3.8, all major psu banks pe is more than 7, consistant growth history, definitely it will reach above 700 before december 2010
About: Canara Bank
This year estimated EPS (Earning per share) of this share is Rs.80/- which is higher then HDFC (CMP Rs.1800/- EPS Rs.65/-) Bank of Baroda (CMP RS.620/-,EPS RS.75/-), Axis bank (CMP Rs.1150/- EPS Rs.60/-), ICICI Bank (CMP Rs.930/- EPS Rs.35/-), Corporation Bank(CMP Rs.450/- EPS Rs.75). Divide Market price of this share apprx.Rs.395/- by EPS of Rs.80/- You will get PE (price earning) less then of 4. Same way you can calculate PE of other above share and compare with this Share. You will learn to know that this share is available at lower PE i.e. comparatively cheaper price. Advisable to accumulate for short as well as long term gain. Additionally, if one invest now and keep invested for another one/two month i.e. till record date, you may also be entitle for Dividend of Rs.8-10/- per share.