HDFC BANK
|
The Current P/E Ratio of HDFC BANK is 17.02.
Share Price | ₹1,464.9 | May 17,2024 |
Market Cap | ₹1,113,778.1 Cr | |
Earnings-TTM | ₹65,446.5 Cr | TTM-Consolidated Results |
Price/Earnings | 17.02x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HDFC BANK
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,113,778.1 Cr] as on May 17,2024
(/) Earnings [ ₹65,446.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.02x ]
Thus, for HDFC BANK , the investors are currently willing to pay 17.02 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HDFC BANK !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of HDFC BANK over the last five years.
Historical PE (Price/Earnings) ratio chart of HDFC BANK
PE Ratio Performance Analysis for HDFC BANK
- HDFC BANK 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 19.65x.
- HDFC BANK 's operated at median p/e ratio of 19.53x 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 25.86x.
- HDFC BANK 's p/e ratio hit its five-year low in Mar2019 of 14.12x.
How does HDFC BANK 's P/E Ratio benchmark against top 10 peers in Bank - Private Industry?
Peer Comparison (Bank - Private Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HDFC BANK | 65,446.50 | 17.02 | 1,113,778.1 |
ICICI BANK LTD | 45,006.70 | 17.66 | 794,673.0 |
KOTAK MAHINDRA BANK LTD | 17,976.80 | 18.77 | 337,352.0 |
AXIS BANK LTD | 26,423.50 | 13.34 | 352,551.0 |
INDUSIND BANK LTD | 8,976.99 | 12.24 | 109,896.0 |
IDBI BANK LTD | 5,763.42 | 15.73 | 90,675.0 |
YES BANK LTD | 1,285.20 | 56.09 | 72,089.5 |
IDFC FIRST BANK LTD | 2,942.35 | 18.56 | 54,618.4 |
AU SMALL FINANCE BANK LTD | 1,534.72 | 30.23 | 46,402.2 |
THE FEDERAL BANK LTD | 3,927.53 | 10.19 | 40,007.8 |
BANDHAN BANK LTD | 2,229.56 | 13.09 | 29,190.8 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs HDFC BANK 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 10.19x |
Max industry PE | 56.09x |
Median industry PE | 17.02x |
Average industry PE | 20.27x |
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