HDFC Bank Limited Ratios | P/E, ROE & Valuation

On the Key Ratios page for HDFC Bank Limited (HDB), the latest P/E of 13.6 frames valuation, while ROE 13.74% and ROIC 1.73% indicates profitability and capital efficiency. Together with the current ratio of 0.00 and debt-to-equity 0.93, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

HDB Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$965.21$308.69$161.62$101.54$82.40$139.01$72.64$62.28$55.00$45.41
Net Income per Share$153.91$46.40$45.25$41.32$34.39$29.64$23.80$20.53$17.29$13.81
Operating Cash Flow per Share$0.00$-135.54$72.21$42.87$52.50$38.62$15.65$17.10$9.13$37.27
Free Cash Flow per Share$0.00$-138.21$68.40$38.95$50.12$37.08$13.98$15.57$8.24$36.03
Cash per Share$463.14$602.82$701.29$650.67$392.15$483.38$390.62$325.44$334.55$255.91
Book Value per Share$1225.97$352.76$331.80$262.13$226.77$191.33$156.33$152.57$106.52$90.48
Tangible Book Value per Share$1225.97$350.72$118.10$260.63$225.60$190.49$155.47$151.67$99.26$83.12
Interest Debt per Share$1463.41$536.54$624.36$360.92$250.40$228.62$188.77$208.28$192.28$133.43
CAPEX per Share$0.00$2.67$3.80$3.92$2.38$1.54$1.67$1.53$0.89$1.24

HDB Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)13.6419.0516.2519.4821.3825.218.1128.1527.9226.12
Price to Book (P/B)1.782.582.283.13.293.922.763.84.554
Price to Sales (P/S)2.182.864.557.938.925.375.939.288.787.94
Enterprise Value to EBITDA12.485.8517.5115.4116.620.5913.4119.818.6617.81
EV to Sales2.843.536.248.79.575.956.6610.549.379
EV to Operating Cash Flow0-8.0313.9820.6115.0121.4130.9238.4156.410.97
EV to Free Cash Flow0-7.8814.7622.6915.7322.334.6342.1762.4911.35
Enterprise Value$14076.89B$16608.34B$14290.29B$9836.27B$8723.09B$9095.26B$5293.66B$7038.90B$5317.34B$4161.40B

HDB Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)13.74%13.57%14.04%15.89%15.39%15.54%15.22%13.48%16.29%15.31%
Return on Invested Capital (ROIC)1.73%5.73%2.11%79.54%589.76%-283.41%-77.31%-50.48%1.77%2.35%
Return on Tangible Assets1.59%1.61%1.72%1.79%1.80%1.81%1.70%1.66%1.63%1.59%
Earnings Yield7.32%5.25%6.15%5.13%4.68%3.97%5.52%3.55%3.58%3.83%
Free Cash Flow Yield0.00%-15.64%9.30%4.84%6.82%4.96%3.24%2.69%1.71%9.99%
Dividend Yield2.21%1.10%0.83%0.96%0.45%0.00%1.41%0.66%0.69%0.80%

HDB Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio00.090.270.610.40.590.390.488.5811.71
Interest Coverage0.610.60.50.790.870.950.60.620.680.81
Income Quality0-2.921.60.961.50.990.660.830.532.69
Debt to Equity0.931.221.61.120.880.920.851.041.431.07
Debt to Assets11.38%14.45%18.13%12.59%10.36%10.68%9.45%12.79%14.18%11.03%
Net Debt to EBITDA2.911.14.751.381.121.991.472.371.172.1

HDB Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover010.366.044.054.847.481.9604.774.44
Payables Turnover03.193.141.943.032.160000
Inventory Turnover000-0.39-0.0700000
Days Sales Outstanding035.2460.4790.0175.4648.79186.3076.5782.2
Days Payables Outstanding0114.49116.37187.83120.45169.190000
Days of Inventory on Hand000-927.31-5373.7400000

HDB Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA12.485.8517.5115.4116.620.5913.4119.818.6617.81
Market Cap$10795.84B$13484.60B$10410.10B$8958.20B$8135.67B$8214.51B$4713.56B$6195.70B$4983.54B$3670.35B
Enterprise Value$14076.89B$16608.34B$14290.29B$9836.27B$8723.09B$9095.26B$5293.66B$7038.90B$5317.34B$4161.40B
Dividend Yield2.21%1.10%0.83%0.96%0.45%0.00%1.41%0.66%0.69%0.80%
Payout Ratio0.00%20.94%13.52%18.78%9.52%0.05%25.53%18.63%19.32%20.84%

Frequently Asked Questions

How does HDFC Bank Limited’s P/E ratio compare with its history?

On this page, HDB's current P/E is 13.6, compared with a multi-year average around 21.5. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is HDFC Bank Limited market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $10.80T. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does HDFC Bank Limited’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with HDFC Bank Limited's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does HDFC Bank Limited compare to its competitors in key financial ratios?

The fastest way to compare HDFC Bank Limited with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see HDFC Bank Limited outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do HDFC Bank Limited's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that HDFC Bank Limited is financially strong. Current ratio is about 0.00, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 0.61, implying less buffer for servicing interest costs. Debt-to-equity is about 0.93, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do HDFC Bank Limited's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If HDFC Bank Limited is sustaining strong returns (for example ROE at 13.74% and ROIC at 1.73%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.