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HDFC Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for HDFC Bank and similar public comparables like SMBC Group, BBVA, UBS, Capital One and more.
HDFC Bank Overview
About HDFC Bank
HDFC Bank Ltd is an Indian bank. It operates in the following segments: Treasury, Retail banking, Wholesale banking, and Other banking business. The maximum revenue for the company is generated from its Retail banking segment, which serves retail customers through its branch network and other channels. This segment raises customer deposits and provides loans and other services to customers using different product groups. Its other operations include providing wholesale banking services to corporates, government entities, and other enterprises, generating income from its treasury operations, and performing para-banking activities such as offering credit cards, debit cards, etc. Geographically, the company generates a majority of its revenue from its operations in India.
Founded
1994
HQ
Employees
214.5K
Website
Sectors
Financials (LTM)
EV
$208B
HDFC Bank Financials
HDFC Bank reported last 12-month revenue of $21B.
In the same LTM period, HDFC Bank generated $8B in net income.
Revenue (LTM)
HDFC Bank P&L
In the most recent fiscal year, HDFC Bank reported revenue of $20B and net income of $8B.
HDFC Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $21B | XXX | $20B | XXX | XXX | XXX |
| EBIT Margin | 62% | XXX | 59% | XXX | XXX | XXX |
| Net Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 40% | XXX | XXX | XXX |
| Net Debt | — | — | $43B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HDFC Bank Stock Performance
HDFC Bank has current market cap of $133B, and enterprise value of $208B.
Market Cap Evolution
HDFC Bank's stock price is $8.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $208B | $133B | 0.5% | XXX | XXX | XXX | $0.51 |
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Start Free TrialHDFC Bank Valuation Multiples
HDFC Bank trades at 10.0x EV/Revenue multiple.
EV / Revenue (LTM)
HDFC Bank Financial Valuation Multiples
As of April 19, 2026, HDFC Bank has market cap of $133B and EV of $208B.
Equity research analysts estimate HDFC Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HDFC Bank has a P/E ratio of 16.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $133B | XXX | $133B | XXX | XXX | XXX |
| EV (current) | $208B | XXX | $208B | XXX | XXX | XXX |
| EV/Revenue | 10.0x | XXX | 10.5x | XXX | XXX | XXX |
| EV/EBIT | 16.2x | XXX | 17.7x | XXX | XXX | XXX |
| P/E | 16.5x | XXX | 16.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 17.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HDFC Bank Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HDFC Bank Margins & Growth Rates
HDFC Bank's revenue in the last 12 month grew by 9%.
HDFC Bank's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
HDFC Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 4% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | 38% | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HDFC Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HDFC Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| SMBC Group | XXX | XXX | XXX | XXX | XXX | XXX |
| BBVA | XXX | XXX | XXX | XXX | XXX | XXX |
| UBS | XXX | XXX | XXX | XXX | XXX | XXX |
| Capital One | XXX | XXX | XXX | XXX | XXX | XXX |
| DBS Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HDFC Bank M&A Activity
HDFC Bank acquired XXX companies to date.
Last acquisition by HDFC Bank was on XXXXXXXX, XXXXX. HDFC Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HDFC Bank
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHDFC Bank Investment Activity
HDFC Bank invested in XXX companies to date.
HDFC Bank made its latest investment on XXXXXXXX, XXXXX. HDFC Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HDFC Bank
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HDFC Bank
| When was HDFC Bank founded? | HDFC Bank was founded in 1994. |
| Where is HDFC Bank headquartered? | HDFC Bank is headquartered in India. |
| How many employees does HDFC Bank have? | As of today, HDFC Bank has over 214K employees. |
| Who is the CEO of HDFC Bank? | HDFC Bank's CEO is Sashidhar Jagdishan. |
| Is HDFC Bank publicly listed? | Yes, HDFC Bank is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of HDFC Bank? | HDFC Bank trades under HDFCBANK ticker. |
| When did HDFC Bank go public? | HDFC Bank went public in 1995. |
| Who are competitors of HDFC Bank? | HDFC Bank main competitors are SMBC Group, BBVA, UBS, Capital One. |
| What is the current market cap of HDFC Bank? | HDFC Bank's current market cap is $133B. |
| What is the current revenue of HDFC Bank? | HDFC Bank's last 12 months revenue is $21B. |
| What is the current revenue growth of HDFC Bank? | HDFC Bank revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of HDFC Bank? | Current revenue multiple of HDFC Bank is 10.0x. |
| Is HDFC Bank profitable? | Yes, HDFC Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of HDFC Bank? | HDFC Bank's last 12 months net income is $8B. |
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