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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/S ratio

Alert me on P/S ratio

As of 5 November 2026, HDFC Bank Limited (HDB) trades at a P/S ratio of 2.8×. Over the past ten years it has ranged from 2.4× (March 2026) to 12.8× (July 2019); the current reading is higher than 4% of that period. That is above the Banks Regional industry median of 2.4× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2026 2.7× (20.25%)
FY2025 3.4× 9.51%
FY2024 3.1× (38.80%)
FY2023 5.1× (4.10%)
FY2022 5.4× 27.45%
FY2021 4.2× (29.10%)
FY2020 5.9× (47.23%)
FY2019 11.2× 16.77%
FY2018 9.6× 31.26%
FY2017 7.3× 22.06%

Quarterly newest first

Period P/S ratio Change
Jun 2026 2.9× 7.45%
Mar 2026 2.7× (25.58%)
Dec 2025 3.7× 5.12%
Sep 2025 3.5× (9.29%)
23 more quarters

Against its own ten years

Low 2.4× High 12.8×
Ten-year median 6.1×
Current reading's percentile 5

P/S ratio against peers

Company P/S ratio
MFG Mizuho Financial Group, Inc. compare 0.3×
DB Deutsche Bank Aktiengesellschaft compare 1.0×
NWG NatWest Group plc compare 1.6×
TFC Truist Financial Corporation compare 2.1×
USB U.S. Bancorp compare 2.1×
PNC The PNC Financial Services Group, Inc compare 2.5×
HDB HDFC Bank Limited 2.8×
IBN ICICI Bank Limited compare 3.3×
LYG Lloyds Banking Group PLC compare 6.7×
Banks Regional industry median 2.4×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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