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HDFC Bank P/B Ratio

Current P/B Ratio
2.06
Moderate Valuation
High - Premium to book value, growth expectations or asset-light model

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

P/B Ratio 2.06
Current Price ₹771.70
Book Value/Share ₹7034.61
Exchange NSE

Book Value Breakdown (2025)

Balance Sheet Components
Total Equity ₹538,148 Cr
Share Capital ₹765 Cr
Reserves & Surplus ₹521,024 Cr
Outstanding Shares 765,000,000
Book Value per Share ₹7034.61

Valuation Signal

Signal Fairly Valued
Historical Avg 0.16
Historical Range 0.14 - 0.19
Percentile 100.0%

Sector Context

Sector Average 1.42
Sector Median 1.21
Sector Rank #11 of 40
Sector Percentile 27.5%

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.

Sector Average
1.42
Sector Median
1.21
Lowest P/B
0.74
Highest P/B
4.3
Companies
40
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