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Friday 6 November 2026 Export HDB’s income statement to Excel — free account

HDFC Bank Limited

HDB Financial Banks Regional

HDFC Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $46.4 billion, down 5.46% from fiscal 2025.

Revenue
−9.36%
EPS
+8.11%
Free cash flow
−1.95%

Quarter to June 2026, against a year earlier

24.68 0.35 +1.44%
Market cap
$127.0B
P/E
16.7×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

HDFC Bank Limited (HDB) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, HDFC Bank Limited (HDB) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 1.2× (June 2026) to 11.1× (October 2021); the current reading is higher than 9% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2026 1.3× (22.05%)
FY2025 1.7× 19.33%
FY2024 1.4× (59.75%)
FY2023 3.5× 1.87%
FY2022 3.4× 36.83%
FY2021 2.5× (6.38%)
FY2020 2.7× (42.33%)
FY2019 4.6× (46.24%)
FY2018 8.6× 31.26%
FY2017 6.6× 22.06%

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.0× 52.30%
Mar 2026 1.3× (54.21%)
Dec 2025 2.8× 5.84%
Sep 2025 2.7× (9.39%)
23 more quarters

Against its own ten years

Low 1.2× High 11.1×
Ten-year median 4.0×
Current reading's percentile 9

P/B ratio against peers

Company P/B ratio
MFG Mizuho Financial Group, Inc. compare 0.2×
DB Deutsche Bank Aktiengesellschaft compare 0.7×
TFC Truist Financial Corporation compare 1.1×
NWG NatWest Group plc compare 1.1×
LYG Lloyds Banking Group PLC compare 1.2×
PNC The PNC Financial Services Group, Inc compare 1.5×
USB U.S. Bancorp compare 1.6×
HDB HDFC Bank Limited 1.9×
IBN ICICI Bank Limited compare 2.7×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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