HDFCBANK.NS · bank / insurer · relative-multiples view
HDFC Bank Limited (HDFCBANK.NS): Valuation Snapshot
HDFC Bank Limited (HDFCBANK.NS) is a bank, insurer or other financial, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
How is a bank like HDFCBANK.NS valued?
This is a bank / insurer / financial. A free-cash-flow DCF is structurally the wrong lens here (their debt and float are raw material, not financing), so we don't publish one. Our bank model (justified price-to-book) declined to value it too: our cost-of-equity inputs are US-market (10-year Treasury, US equity risk premium); we don't apply them to a INR listing. The price-to-book and price-to-earnings figures below are context for comparison, not a fair value.
Bank model (justified price-to-book)
Not published. Our cost-of-equity inputs are US-market (10-year Treasury, US equity risk premium); we don't apply them to a INR listing.
What is HDFCBANK.NS's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Financial Services companies in India
Its strongest point: looks cheap on the numbers. Its weakest: recent price trend has been weak.
- Value · 64 of 100
Cheaper than 64% of Financial Services companies in India
- Price vs worth · 66 of 100
- Quality · 40 of 100
More profitable than 40% of Financial Services companies in India
- Financial health · 44 of 100
Financially stronger than 44% of Financial Services companies in India
- Growth · 47 of 100
Growing faster than 47% of Financial Services companies in India
- Momentum · 7 of 100
Outperformed 7% of Financial Services companies in India over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- ₹712.00
- Market cap
- ₹10,
977, 957, 380, 096 - 52-week high
- ₹1,
020 - 52-week low
- ₹681.90
- Currency
- INR
- Exchange
- NSE
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
HDFC Bank Limited (HDFCBANK.NS) is a bank, insurer or other financial, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for it: for these businesses debt and float are raw material, not financing, so there is no meaningful 'free cash flow' to discount. Instead of a misleading intrinsic-value number, this page reads HDFCBANK.NS the way financials are actually valued — on relative multiples such as price-to-earnings and, above all, price-to-book — plus a plain description of where the stock trades. It is a descriptive snapshot, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, HDFCBANK.NS trades at a recent price of ₹712.00, a market capitalisation of about ₹10,977,957,380,096, sitting 9% of the way up its 52-week range (₹681.90–₹1,020), on the NSE.
The standard alternative to a DCF is relative valuation — comparing HDFCBANK.NS's trading multiples against its direct industry peers. Here that gives P/E of 15.6× (in line with the peer median of 15.9×); Fwd P/E of 11.4× (in line with the peer median of 12.5×); P/B of 1.9× (cheaper than the peer median of 2.1×); P/S of 3.7× (cheaper than the peer median of 4.8×); Dividend yield of 1.8% (cheaper than the peer median of 0.5%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. HDFCBANK.NS shows a price-to-book (P/B) of 1.87 and book value of ₹380.72 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. HDFCBANK.NS is in a down-trend (price below both its 50- and 200-day averages), trading -30.2% from its 52-week high. Over the past year the stock is -27.3%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for HDFCBANK.NS are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
HDFCBANK.NS vs peers
Direct industry peers.
| Multiple | HDFCBANK.NS | Peer median | Read |
|---|---|---|---|
| P/E | 15.6× | 15.9× | in line with |
| Fwd P/E | 11.4× | 12.5× | in line with |
| P/B | 1.9× | 2.1× | cheaper than |
| P/S | 3.7× | 4.8× | cheaper than |
| Dividend yield | 1.8% | 0.5% | cheaper than |
What does HDFC Bank Limited do?
What does it do?
HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments. It operates in the Banks - Regional industry (Financial Services sector), headquartered in India. The company employs roughly 212,958 people.
How does it make money?
The business turns 2.9T in annual revenue into profit. Out of every $100 of sales, about $33 is left as operating profit (operating margin of 33.3%), after a 0% gross margin on the products/services it sells. After all costs, taxes and interest, 26.8% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: is currently profitable.
HDFCBANK.NS insider trading
Insider filings are available for US-listed companies only.
How does HDFCBANK.NS compare with its peers?
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Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.