P/E ratio for HDFC Bank (HDB)
P/E ratio as of May 2024 (TTM): 19.8
According to HDFC Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.8269. At the end of 2020 the company had a P/E ratio of 32.5.
P/E ratio history for HDFC Bank from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 32.5 | 2.67% |
| 2019 | 31.7 | 1.84% |
| 2018 | 31.1 | -11.38% |
| 2017 | 35.1 | 36.7% |
| 2016 | 25.7 | -9.24% |
| 2015 | 28.3 | 10.22% |
| 2014 | 25.7 | -2.85% |
| 2013 | 26.4 | -24.86% |
| 2012 | 35.2 | 70.88% |
| 2011 | 20.6 | -42.35% |
| 2010 | 35.7 | -19.61% |
| 2009 | 44.4 | 45.03% |
| 2008 | 30.6 | -35.52% |
| 2007 | 47.5 | 43.91% |
| 2006 | 33.0 | 22.22% |
| 2005 | 27.0 | 18.26% |
| 2004 | 22.8 | -58.86% |
| 2003 | 55.5 | 88.54% |
| 2002 | 29.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 M&T Bank MTB | 8.40 | -57.65% | 🇺🇸 USA |
 Signature Bank
SBNY | 0.1552 | -99.22% | 🇺🇸 USA |
 East West Bancorp
EWBC | 8.44 | -57.41% | 🇺🇸 USA |
 ICICI Bank IBN | 19.8 | -0.29% | 🇮🇳 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.