| HDFC BANK  | 
The Current P/E Ratio of HDFC BANK  is 20.44.
                
| Share Price | ₹998.1 | Oct 30,2025 | 
| Market Cap | ₹1,534,748.4 Cr | |
| Earnings-TTM | ₹75,078.9 Cr | TTM-Consolidated Results | 
| Price/Earnings | 20.44x | 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 [ ₹1,534,748.4 Cr] as on Oct 30,2025                     
                    (/) Earnings [ ₹75,078.9 Cr] based on TTM-Consolidated Results
                                    
                
                (=) P/E Ratio [ 20.44x ]
            
Thus, for HDFC BANK , the investors are currently willing to pay 20.44 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 Mar2025 to Mar2021 averaged 20.75x.
- HDFC BANK 's operated at median p/e ratio of 19.76x 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 Mar2024 of 17.17x.
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 | 75,078.90 | 20.44 | 1,534,748.4 | 
| ICICI BANK LTD | 56,802.20 | 17.15 | 974,161.0 | 
| KOTAK MAHINDRA BANK LTD | 18,423.60 | 23.07 | 425,070.0 | 
| AXIS BANK LTD | 26,070.50 | 14.74 | 384,362.0 | 
| INDUSIND BANK LTD | -759.46 | -82.26 | 62,470.2 | 
| IDBI BANK LTD | 9,265.74 | 11.36 | 105,223.0 | 
| YES BANK LTD | 2,837.15 | 24.58 | 69,746.2 | 
| IDFC FIRST BANK LTD | 1,437.04 | 47.18 | 67,802.7 | 
| THE FEDERAL BANK LTD | 4,023.21 | 14.35 | 57,749.0 | 
| AU SMALL FINANCE BANK LTD | 2,173.87 | 30.14 | 65,526.4 | 
| BANDHAN BANK LTD | 1,228.22 | 22.36 | 27,467.1 | 
Bank - Private Industry Benchmark (Top 10) PE Analysis vs HDFC BANK 's P/E Ratio
| Top 10 Industry Peers | PE Ratio | 
|---|---|
| Min industry PE | -82.26x | 
| Max industry PE | 47.18x | 
| Median industry PE | 20.44x | 
| Average industry PE | 13.01x | 
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