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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

25.10 0.40 +1.62%
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/E ratio

Alert me on P/E ratio

As of 5 November 2026, HDFC Bank Limited (HDB) trades at a P/E ratio of 16.7×. Over the past ten years it has ranged from 14.4× (October 2026) to 48.6× (July 2019); the current reading is higher than 4% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.2×.

P/E ratio, daily

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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 14.4× High 48.6×
Ten-year median 24.0×
Current reading's percentile 4

P/E ratio against peers

Company P/E ratio
MFG Mizuho Financial Group, Inc. compare 2.1×
NWG NatWest Group plc compare 8.3×
DB Deutsche Bank Aktiengesellschaft compare 10.1×
USB U.S. Bancorp compare 11.7×
LYG Lloyds Banking Group PLC compare 12.0×
PNC The PNC Financial Services Group, Inc compare 12.1×
TFC Truist Financial Corporation compare 12.7×
HDB HDFC Bank Limited 16.7×
IBN ICICI Bank Limited compare 18.9×
Banks Regional industry median 12.0×
Financial sector median 12.2×
Market median 17.9×

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 →

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