Pricing Log in Create free account
Saturday 17 October 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. In the quarter to June 2026, revenue fell 9.36%, EPS grew 8.11% and free cash flow fell 1.95%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

23.76 0.23 +0.98%
Market cap
$120.9B
P/E
16.0×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

HDFC Bank Limited (HDB) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, HDFC Bank Limited (HDB) trades at a P/E ratio of 16.0×. Over the past ten years it has ranged from 14.7× (September 2026) to 48.6× (July 2019); the current reading is higher than 2% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.4×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2026 17.1× (20.72%)
FY2025 21.6× 26.05%
FY2024 17.1× (21.06%)
FY2023 21.7× (1.92%)
FY2022 22.1× (44.37%)
FY2021 39.8× 25.56%
FY2020 31.7× (25.78%)
FY2019 42.7× 16.77%
FY2018 36.6× 31.26%
FY2017 27.9× 22.06%

Quarterly newest first

Period P/E ratio Change
Jun 2026 17.4× 1.72%
Mar 2026 17.1× (27.22%)
Dec 2025 23.5× 5.59%
Sep 2025 22.3× (11.77%)
23 more quarters

Against its own ten years

Low 14.7× High 48.6×
Ten-year median 24.1×
Current reading's percentile 2

P/E ratio against peers

Company P/E ratio
MFG Mizuho Financial Group, Inc. compare 2.3×
DB Deutsche Bank Aktiengesellschaft compare 7.6×
NWG NatWest Group plc compare 9.9×
USB U.S. Bancorp compare 11.3×
PNC The PNC Financial Services Group, Inc compare 11.4×
LYG Lloyds Banking Group PLC compare 15.5×
HDB HDFC Bank Limited 16.0×
IBN ICICI Bank Limited compare 18.5×
NU Nu Holdings Ltd. compare 19.7×
Banks Regional industry median 12.0×
Financial sector median 12.4×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on HDB