HDFC BankHDB -3.61%17 Cyclically Adjusted PS Ratio is 7.69 as of Jul. 09, 2026. GuruFocus rates HDB with a GF Score™ of 17/100. Among 1,301 Banks companies, HDFC Bank ranks worse than 76863.87% on this metric.
The historical rank and industry rank for HDFC Bank's Cyclically Adjusted PS Ratio or its related term are showing as below:
HDB's Cyclically Adjusted PS Ratio is not ranked *
in the Banks industry.
Industry Median: 3.29 * Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
HDFC Bank's adjusted revenue per share data of for the fiscal year that ended in Mar25 was $4.162. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $3.40 for the trailing ten years ended in Mar25.
Shiller PE for Stocks: The True Measure of Stock Valuation
HDFC Bank (NYSE:HDB) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
HDFC Bank Cyclically Adjusted PS Ratio Related Terms
HDFC Bank Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for HDFC Bank's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HDB vs PNC, USB: Cyclically Adjusted PS Ratio Comparison
For the Banks - Regional subindustry, HDFC Bank's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HDFC Bank Cyclically Adjusted PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, HDFC Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where HDFC Bank's Cyclically Adjusted PS Ratio falls into.
HDFC Bank Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
HDFC Bank's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 7.69 mean?
HDFC Bank (HDB) has a Cyclically Adjusted PS Ratio of 7.69 as of Jul. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HDFC Bank and its competitors. According to the industry distribution chart, HDFC Bank ranks #999999 out of 1301 companies in the Banks industry.
Is HDFC Bank's Cyclically Adjusted PS Ratio too high?
HDFC Bank's current Cyclically Adjusted PS Ratio is 7.69. The Banks industry median Cyclically Adjusted PS Ratio is 3.29. HDFC Bank's value of 7.69 is 133.7% above this industry median. Based on the distribution chart, HDFC Bank ranks #999999 out of 1301 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, HDFC Bank has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, HDFC Bank ranks #999999 out of 1301 companies for Cyclically Adjusted PS Ratio. This places HDFC Bank in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.29. HDFC Bank's value of 7.69 is 133.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.29, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDFC Bank's current Cyclically Adjusted PS Ratio of 7.69 is 133.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HDFC Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Bank's current Cyclically Adjusted PS Ratio is 7.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDFC Bank stock overvalued right now?
HDFC Bank (HDB) has a current Cyclically Adjusted PS Ratio of 7.69. The current Cyclically Adjusted PS Ratio is 7.69 and 133.7% above the Banks industry median of 3.29. HDFC Bank's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For HDFC Bank (HDB), the current Cyclically Adjusted PS Ratio is 7.69 as of Jul. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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.
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