Home > PE Ratio > HDFC BANK

HDFC BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of HDFC BANK is 15.85.

Share Price ₹815.4Jul 15,2026
Market Cap ₹1,255,745.0 Cr
Earnings-TTM₹79,219.5 CrTTM-Consolidated Results
Price/Earnings15.85xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for HDFC BANK
Please provide your vote to see the results
HDFC BANK is part of below Screeners ↓
Top Large Cap Stocks with Best Fundamentals
Top Undervalued Large Cap Stocks
Best Quarterly Growth Large Cap Stocks
Best 1M Momentum Large Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of HDFC BANK

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HDFC BANK is calculated as :

Current Market Cap [ ₹1,255,745.0 Cr] as on Jul 15,2026

(/) Earnings [ ₹79,219.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 15.85x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HDFC BANK , the investors are currently willing to pay 15.85 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 latest p/e ratio is 15.85x.

- HDFC BANK 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 16.56x.

- HDFC BANK 's operated at median p/e ratio of 17.17x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HDFC BANK 's p/e ratio peaked in Mar2022 at 21.42x.

- HDFC BANK 's p/e ratio hit its five-year low in Mar2025 of 9.88x.


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 RatioMarket Cap
HDFC BANK 79,219.5015.851,255,745.0
ICICI BANK LTD57,673.4017.611,015,770.0
KOTAK MAHINDRA BANK LTD19,180.6019.62376,408.0
AXIS BANK LTD26,493.8015.41408,377.0
IDBI BANK LTD9,211.4510.0792,793.2
AU SMALL FINANCE BANK LTD2,641.2529.5277,974.4
THE FEDERAL BANK LTD4,483.3818.0480,869.6
INDUSIND BANK LTD889.1988.4278,618.4
YES BANK LTD3,512.0421.0974,074.1
IDFC FIRST BANK LTD1,610.5642.5168,461.3
BANDHAN BANK LTD1,223.5628.5234,896.4

Bank - Private Industry Benchmark (Top 10) PE Analysis vs HDFC BANK 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.07x
Max industry PE 88.42x
Median industry PE 19.62x
Average industry PE 27.88x



You may also like the below Video Courses