HDFC BANK
|
The Current P/E Ratio of HDFC BANK is 18.21.
| Share Price | ₹916.3 | Jan 23,2026 |
| Market Cap | ₹1,409,824.7 Cr | |
| Earnings-TTM | ₹77,429.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 18.21x | Calculated as Market Cap/Earnings |
|---|---|---|
| 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 [ ₹1,409,824.7 Cr] as on Jan 23,2026
(/) Earnings [ ₹77,429.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.21x ]
Thus, for HDFC BANK , the investors are currently willing to pay 18.21 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 Mar2025 to Mar2021 averaged 20.75x.
- HDFC BANK 's operated at median p/e ratio of 19.76x 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 Mar2024 of 17.17x.
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 | 77,429.80 | 18.21 | 1,409,824.7 |
| ICICI BANK LTD | 56,384.90 | 17.04 | 960,827.0 |
| KOTAK MAHINDRA BANK LTD | 18,688.00 | 22.47 | 419,934.0 |
| AXIS BANK LTD | 26,070.50 | 15.01 | 391,307.0 |
| INDUSIND BANK LTD | -2,033.87 | -34.21 | 69,579.3 |
| IDBI BANK LTD | 9,296.02 | 11.27 | 104,782.0 |
| YES BANK LTD | 3,174.30 | 20.70 | 65,707.6 |
| IDFC FIRST BANK LTD | 1,437.04 | 49.55 | 71,206.1 |
| THE FEDERAL BANK LTD | 4,198.44 | 16.34 | 68,583.6 |
| AU SMALL FINANCE BANK LTD | 2,313.08 | 31.23 | 72,247.8 |
| BANDHAN BANK LTD | 1,007.33 | 23.88 | 24,059.9 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs HDFC BANK 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -34.21x |
| Max industry PE | 49.55x |
| Median industry PE | 18.21x |
| Average industry PE | 17.41x |
You may also like the below Video Courses