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HDFC BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of HDFC BANK is 20.23.

Share Price ₹987.7Oct 31,2025
Market Cap ₹1,518,679.8 Cr
Earnings-TTM₹75,078.9 CrTTM-Consolidated Results
Price/Earnings20.23xCalculated as Market Cap/Earnings
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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 [ ₹1,518,679.8 Cr] as on Oct 31,2025

(/) Earnings [ ₹75,078.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.23x ]

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 20.23 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 20.23x.

- 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 RatioMarket Cap
HDFC BANK 75,078.9020.231,518,679.8
ICICI BANK LTD56,802.2016.93961,742.0
KOTAK MAHINDRA BANK LTD18,423.6022.69418,000.0
AXIS BANK LTD26,070.5014.68382,624.0
INDUSIND BANK LTD-759.46-81.4661,866.4
IDBI BANK LTD9,265.7412.02111,363.0
YES BANK LTD2,837.1525.1571,346.4
IDFC FIRST BANK LTD1,437.0448.8770,233.4
THE FEDERAL BANK LTD4,023.2114.4758,228.6
AU SMALL FINANCE BANK LTD2,173.8730.1565,536.9
BANDHAN BANK LTD1,228.2220.5325,219.8

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

Top 10 Industry PeersPE Ratio
Min industry PE -81.46x
Max industry PE 48.87x
Median industry PE 20.23x
Average industry PE 13.11x



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