HDFC Bank P/B Ratio
HDFC Bank (HDFCBANK) P/B ratio is 1.95 (Moderate), book value per share ₹3953.50 vs Banks average P/B of 1.46 — Moderate - Reasonably valued relative to book value. Review HDFCBANK price earnings ratio to evaluate earnings-based valuation against sector peers.
Current Valuation Metrics
Book Value Breakdown (2026)
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 1.95 (Moderate). View HDFCBANK 52-week performance for the annual high/low range and current price position.
- Current PB is 1103.7% above historical average
- Trading at premium to sector average PB of 1.46
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. For live price, earnings yield and the full fundamental profile, see HDFCBANK screener.
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 |
|---|---|---|---|---|---|
| 2026 | 0.19 | ₹3953.5 | ₹742.80 | ₹608,444 | Low |
| 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 |
HDFCBANK vs Banks Peers — P/B Ratio Comparison
HDFC Bank P/B 1.95 vs Banks average 1.46, median 1.34 — range 0.77–3.77.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Bank of Baroda | BANKBARODA | 0.77 | ₹131,792 | Low |
| Central Bank of India | CENTRALBK | 0.78 | ₹28,964 | Low |
| Bank of India | BANKINDIA | 0.8 | ₹66,901 | Low |
| Karnataka Bank | KTKBANK | 0.81 | ₹10,410 | Low |
| Punjab National Bank | PNB | 0.87 | ₹128,445 | Low |
| Suryoday Small Finance B… | SURYODAY | 0.94 | ₹2,024 | Low |
| Capital Small Finance Ba… | CAPITALSFB | 0.95 | ₹1,365 | Low |
| Utkarsh Small Finance Ba… | UTKARSHBNK | 0.96 | ₹2,653 | Low |
| Union Bank of India | UNIONBANK | 0.97 | ₹134,298 | Low |
| DCB Bank | DCBBANK | 0.98 | ₹6,115 | Low |