HDFC BANK
|
The Current P/E Ratio of HDFC BANK is 18.32.
Share Price | ₹1,448.2 | Mar 28,2024 |
Market Cap | ₹1,100,183.1 Cr | |
Earnings-TTM | ₹60,067.6 Cr | TTM-Consolidated Results |
Price/Earnings | 18.32x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HDFC BANK
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,100,183.1 Cr] as on Mar 28,2024
(/) Earnings [ ₹60,067.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.32x ]
Thus, for HDFC BANK , the investors are currently willing to pay 18.32 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HDFC BANK !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of HDFC BANK over the last five years.
Historical PE (Price/Earnings) ratio chart of HDFC BANK
PE Ratio Performance Analysis for HDFC BANK
- HDFC BANK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 19.65x.
- HDFC BANK 's operated at median p/e ratio of 19.53x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HDFC BANK 's p/e ratio peaked in Mar2021 at 25.86x.
- HDFC BANK 's p/e ratio hit its five-year low in Mar2019 of 14.12x.
How does HDFC BANK 's P/E Ratio benchmark against top 10 peers in Bank - Private Industry?
Peer Comparison (Bank - Private Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HDFC BANK | 60,067.60 | 18.32 | 1,100,183.1 |
ICICI BANK LTD | 43,019.20 | 17.89 | 769,544.0 |
KOTAK MAHINDRA BANK LTD | 17,264.10 | 20.56 | 355,003.0 |
AXIS BANK LTD | 13,438.80 | 24.08 | 323,549.0 |
INDUSIND BANK LTD | 8,671.27 | 13.96 | 121,083.0 |
IDBI BANK LTD | 5,315.15 | 16.37 | 87,008.4 |
YES BANK LTD | 1,024.12 | 65.17 | 66,741.5 |
IDFC FIRST BANK LTD | 3,026.57 | 17.61 | 53,300.2 |
AU SMALL FINANCE BANK LTD | 1,588.61 | 23.82 | 37,844.5 |
THE FEDERAL BANK LTD | 3,894.71 | 9.39 | 36,566.8 |
BANDHAN BANK LTD | 2,983.23 | 9.73 | 29,013.6 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs HDFC BANK 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.39x |
Max industry PE | 65.17x |
Median industry PE | 17.89x |
Average industry PE | 21.54x |
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