P/E ratio for HDFC Bank (HDB)
P/E ratio as of September 2023 (TTM): 19.7
According to HDFC Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6821. At the end of 2020 the company had a P/E ratio of 32.5.
P/E ratio history for HDFC Bank from 2013 to 2021
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 32.5 | 1.18% |
| 2019 | 32.1 | 3.34% |
| 2018 | 31.1 | |
| 2014 | 25.7 | -28.76% |
| 2013 | 36.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 M&T Bank MTB | 7.34 | -62.71% | 🇺🇸 USA |
 Signature Bank
SBNY | 0.0016 | -99.99% | 🇺🇸 USA |
 East West Bancorp
EWBC | 5.75 | -70.80% | 🇺🇸 USA |
 ICICI Bank IBN | 17.5 | -10.98% | 🇮🇳 India |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.