HDFC Bank Limited (HDB) P/E Ratio History
Historical price-to-earnings valuation from 2014 to 2026
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HDB Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, HDFC Bank Limited (HDB) trades at a price-to-earnings ratio of 17.6x, with a stock price of $25.63 and trailing twelve-month earnings per share of $135.17.
The current P/E is 5986% above its 5-year average of 0.3x. Over the past five years, HDB's P/E has ranged from a low of 0.2x to a high of 0.4x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, HDB trades at a 31% premium to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.32 (P/E divided by 3% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, HDB trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HDB DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HDB P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $96B | 17.9 | 0.48 | +15% | |
| $10B | 16.4 | - | +630%Best | |
| $93B | 10.6 | 0.52 | +4% | |
| $41B | 8.5 | 0.98 | +37% | |
| $39B | 10.6 | 0.89 | +20% | |
| $34B | 9.6 | 1.03 | +23% | |
| $17B | 7.7Lowest | 0.38Best | +10% | |
| $408B | 14.0 | 0.91 | +19% | |
| $849B | 15.9 | 1.23 | +22% | |
| $223B | 21.4 | - | +47% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HDB Historical P/E Data (2014–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | $34.16 | $141.97 | 0.2x | -30% | |
| FY2026 Q1 | Mon Jun 30 2025 00:00:00 GM | $38.34 | $137.01 | 0.3x | -19% |
| FY2025 Q4 | Mon Mar 31 2025 00:00:00 GM | $33.22 | $137.73 | 0.2x | -30% |
| FY2025 Q3 | $31.93 | $135.63 | 0.2x | -32% | |
| FY2025 Q2 | Mon Sep 30 2024 00:00:00 GM | $31.28 | $135.12 | 0.2x | -33% |
| FY2025 Q1 | Sun Jun 30 2024 00:00:00 GM | $32.17 | $126.24 | 0.3x | -26% |
| FY2024 Q4 | Sun Mar 31 2024 00:00:00 GM | $27.99 | $126.90 | 0.2x | -36% |
| FY2024 Q3 | Sun Dec 31 2023 00:00:00 GM | $33.56 | $125.91 | 0.3x | -23% |
| FY2024 Q2 | Sat Sep 30 2023 00:00:00 GM | $29.51 | $121.83 | 0.2x | -30% |
| FY2024 Q1 | Fri Jun 30 2023 00:00:00 GM | $34.85 | $122.46 | 0.3x | -18% |
| FY2023 Q4 | Fri Mar 31 2023 00:00:00 GM | $33.34 | $117.45 | 0.3x | -18% |
| FY2023 Q2 | Fri Sep 30 2022 00:00:00 GM | $29.21 | $112.26 | 0.3x | -25% |
Average P/E for displayed period: 0.3x
Full HDB Stock Analysis
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Start ComparisonHDB — Frequently Asked Questions
Quick answers to the most common questions about buying HDB stock.
Is HDB stock overvalued or undervalued?
HDB trades at 17.6x P/E, above its 5-year average of 0.3x. The 100th percentile ranking indicates a premium to historical valuation.
How does HDB's valuation compare to peers?
HDFC Bank Limited P/E of 17.6x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is HDB's PEG ratio?
HDB PEG ratio is 1.32. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2014-2026.