HDFC Bank P/B Ratio
HDFC Bank (HDFCBANK) P/B ratio is 2.06 (Moderate), book value per share ₹7034.61 vs Banks average P/B of 1.42 — High - Premium to book value, growth expectations or asset-light model. For live price, earnings yield and the full fundamental profile, see HDFCBANK stock overview.
Current Valuation Metrics
Book Value Breakdown (2025)
Valuation Signal
Sector Context
HDFCBANK P/B Ratio — Valuation Insights & Book Value Analysis
HDFC Bank price-to-book ratio interpretation, valuation status and historical context — current P/B 2.06 (Moderate).
- Current PB is 1171.6% above historical average
- Trading at premium to sector average PB of 1.42
HDFC Bank P/B Ratio Historical Trend
HDFCBANK annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. Browse HDFCBANK financial statements for revenue, profit, balance sheet and cash flow data.
HDFCBANK Historical P/B Ratio — Book Value Per Share & Year-End Price
HDFC Bank annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 0.14 | ₹7034.61 | ₹991.20 | ₹538,148 | Low |
| 2024 | 0.14 | ₹6181.3 | ₹886.40 | ₹469,779 | Low |
| 2023 | 0.16 | ₹5202.47 | ₹854.60 | ₹290,298 | Low |
| 2022 | 0.18 | ₹4469.32 | ₹814.10 | ₹248,047 | Low |
| 2021 | 0.19 | ₹3819.29 | ₹739.70 | ₹210,443 | Low |
HDFCBANK vs Banks Peers — P/B Ratio Comparison
HDFC Bank P/B 2.06 vs Banks average 1.42, median 1.21 — range 0.74–4.3.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| ESAF Small Finance Bank | ESAFSFB | 0.74 | ₹1,331 | Low |
| Utkarsh Small Finance Ba… | UTKARSHBNK | 0.76 | ₹2,612 | Low |
| Suryoday Small Finance B… | SURYODAY | 0.8 | ₹1,594 | Low |
| Karnataka Bank | KTKBANK | 0.8 | ₹9,698 | Low |
| Capital Small Finance Ba… | CAPITALSFB | 0.86 | ₹1,231 | Low |
| Bank of India | BANKINDIA | 0.86 | ₹67,156 | Low |
| Bank of Baroda | BANKBARODA | 0.86 | ₹141,690 | Low |
| Dhanlaxmi Bank | DHANBANK | 0.86 | ₹1,101 | Low |
| Punjab National Bank | PNB | 0.93 | ₹129,583 | Low |
| Central Bank of India | CENTRALBK | 0.93 | ₹32,676 | Low |