# HDFC Bank Limited (HDB) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Banks. Price $23.05, market value $118.6 billion.

## Valuation
- **P/E (trailing): 14.9×** (5-yr avg 29.7×, 3-yr avg 28.8×). HDFC Bank Limited trades at 14.9× trailing earnings, well below its own five-year average of 29.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 16.7×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 0.0×**. Each dollar of revenue is priced at 0.0×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 898.8%** (5-yr avg 4.7%). Free cash flow equals 898.8% of the market value, above its five-year average of 4.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.7%**. The inverse of the P/E: 6.7% of the price is earned each year.

## Profitability
- **Net margin: 28.2%**. 28.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.6%**. 8.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Free-cash-flow growth (3 yr): 486.8%/yr**. Free cash flow has compounded at 486.8% a year over three years.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: $3.65 trillion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.77%** ($0.41 per share, trailing). HDFC Bank Limited yields 1.77%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 31%** (21% of free cash flow). 31% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover HDFC Bank Limited; the consensus is buy, with an average price target of $30.30 (+31% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -37.3%** (YTD -37.9%, 3-mo -5.8%). The shares are down 37.3% over twelve months including dividends.
- **From 52-week high: -38.3%** (7.9% above the low). Trading 38% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.76** (volatility 30%). Beta of 0.76 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HDB · Page: https://foliofundamentals.com/stocks/hdb

Not investment advice.