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HDFC BANK
PS (Price/Sales) Ratio

The Current P/S Ratio of HDFC BANK is 4.45.

Share Price ₹1,003.3Oct 20,2025
Market Cap ₹1,541,440.0 Cr
Sales-TTM₹346,185.0 CrTTM-Consolidated Results
Price/Sales4.45xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of HDFC BANK

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

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

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

Current Market Cap [ ₹1,541,440.0 Cr] as on Oct 20,2025

(/) Sales [ ₹346,185.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 4.45x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for HDFC BANK , the investors are currently willing to pay '4.45 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of HDFC BANK !

The chart below summarizes the trend in P/S Ratio of HDFC BANK over the last five years.

Historical PS (Price/Sales) ratio chart of HDFC BANK


PS Ratio Performance Analysis for HDFC BANK

- HDFC BANK 's latest p/e ratio is 4.45x.

- HDFC BANK 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 5.14x.

- HDFC BANK 's operated at median p/e ratio of 5.26x 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 6.4x.

- HDFC BANK 's p/e ratio hit its five-year low in Mar2024 of 3.88x.


How does HDFC BANK 's P/S Ratio benchmark against top 10 peers in Bank - Private Industry?

Peer Comparison (Bank - Private Industry)Sales (Cr)PS RatioMarket Cap (Cr)
HDFC BANK 346,185.04.451,541,440.0
ICICI BANK LTD192,685.05.16994,398.0
KOTAK MAHINDRA BANK LTD67,080.46.56440,332.0
AXIS BANK LTD129,273.02.94380,471.0
INDUSIND BANK LTD47,307.11.2559,182.5
IDBI BANK LTD28,937.83.50101,169.0
YES BANK LTD30,449.62.3371,064.0
IDFC FIRST BANK LTD38,335.01.6462,696.7
THE FEDERAL BANK LTD28,739.81.9455,855.2
AU SMALL FINANCE BANK LTD17,273.83.7464,586.1
BANDHAN BANK LTD21,888.01.2326,895.2

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

Top 10 Industry PeersPS Ratio
Min industry PS 1.23x
Max industry PS 6.56x
Median industry PS 2.94x
Average industry PS 3.16x



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