HDFC BANK
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The Current P/B Ratio of HDFC BANK is 2.94.
Share Price | ₹1,746.2 | Nov 07,2024 |
Market Cap | ₹1,334,338.0 Cr | |
Book Value | ₹453,743.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.94x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of HDFC BANK
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,334,338.0 Cr] as on Nov 07,2024
(/) Book Value [ ₹453,743.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.94x ]
Thus, for HDFC BANK , the investors are currently willing to pay '2.94 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of HDFC BANK !
The chart below summarizes the trend in P/B Ratio of HDFC BANK over the last five years.
Historical PB (Price/Book ) ratio chart of HDFC BANK
PB Ratio Performance Analysis for HDFC BANK
- HDFC BANK 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.09x.
- HDFC BANK 's operated at median p/b ratio of 3.12x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HDFC BANK 's p/b ratio peaked in Mar2021 at 3.92x.
- HDFC BANK 's p/b ratio hit its five-year low in Mar2024 of 2.42x.
How does HDFC BANK 's P/B Ratio benchmark against top 10 peers in Bank - Private Industry?
Peer Comparison (Bank - Private Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HDFC BANK | 453,743.00 | 2.94 | 1,334,338.0 |
ICICI BANK LTD | 254,739.00 | 3.54 | 902,224.0 |
KOTAK MAHINDRA BANK LTD | 129,892.00 | 2.67 | 347,392.0 |
AXIS BANK LTD | 156,129.00 | 2.30 | 359,162.0 |
INDUSIND BANK LTD | 63,104.00 | 1.30 | 82,339.6 |
IDBI BANK LTD | 51,073.10 | 1.78 | 91,051.3 |
YES BANK LTD | 41,148.10 | 1.58 | 65,173.3 |
IDFC FIRST BANK LTD | 32,214.70 | 1.51 | 48,693.4 |
AU SMALL FINANCE BANK LTD | 12,496.80 | 3.58 | 44,770.8 |
THE FEDERAL BANK LTD | 30,101.60 | 1.68 | 50,529.3 |
BANDHAN BANK LTD | 21,565.40 | 1.35 | 29,206.9 |
Bank - Private Industry Benchmark (Top 10) PB Analysis vs HDFC BANK 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.30x |
Max industry PB | 3.58x |
Median industry PB | 1.78x |
Average industry PB | 2.21x |
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