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HDFC BankHDB +0.43%73 Debt-to-Equity is 0.95 as of Mar. 2025, which is 4% below its 10-year median of 0.99. GuruFocus rates HDB with a GF Score™ of 73/100 and a GF Value™ of $31.61 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,422 Banks companies, HDFC Bank ranks worse than 66.03% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for HDFC Bank's Debt-to-Equity or its related term are showing as below:
HDB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.99 Max: 1.46
Current: 0.95
During the past 13 years, the highest Debt-to-Equity Ratio of HDFC Bank was 1.46. The lowest was 0.69. And the median was 0.99.
HDB's Debt-to-Equity is ranked worse than 66.03% of 1422
companies
in the Banks industry
Industry Median: 0.57
vs HDB: 0.95
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
HDFC Bank Debt-to-Equity Related Terms
HDFC Bank Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for HDFC Bank's Debt-to-Equity 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.
For the Banks - Regional subindustry, HDFC Bank's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, HDFC Bank's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where HDFC Bank's Debt-to-Equity falls into.
* 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.
HDFC Bank (HDB) has a Debt-to-Equity of 0.95 as of Mar. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HDFC Bank and its competitors. This is near median its historical median of 0.99. Over the past decade, HDFC Bank's Debt-to-Equity has ranged from 0.69 to 1.46. According to the industry distribution chart, HDFC Bank ranks #939 out of 1422 companies in the Banks industry, placing it in the top 66%.
Is HDFC Bank's Debt-to-Equity too high?
HDFC Bank's current Debt-to-Equity of 0.95 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.46. The Banks industry median Debt-to-Equity is 0.57. HDFC Bank's value of 0.95 is 66.7% above this industry median. Based on the distribution chart, HDFC Bank ranks #939 out of 1422 companies in the Banks industry, which is below the industry midpoint. Overall, HDFC Bank has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's Debt-to-Equity compare to PNC and USB?
According to the Banks industry distribution chart, HDFC Bank ranks #939 out of 1422 companies for Debt-to-Equity. This places HDFC Bank in the lower half of its industry. The industry median Debt-to-Equity is 0.57. HDFC Bank's value of 0.95 is 66.7% above this benchmark. Historically, HDFC Bank's own Debt-to-Equity has ranged from 0.69 to 1.46 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.57, HDFC Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDFC Bank's current Debt-to-Equity of 0.95 is 66.7% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HDFC Bank and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Bank's current Debt-to-Equity is 0.95, which is near median its own 10-year median of 0.99. 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?
Based on GuruFocus' analysis, HDFC Bank (HDB) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.61, compared to a current price of $23.23 — trading 26.5% below its estimated fair value. The current Debt-to-Equity is 0.95, which is near median its 10-year median of 0.99 and 66.7% above the Banks industry median of 0.57. HDFC Bank's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For HDFC Bank (HDB), the current Debt-to-Equity is 0.95 as of Mar. 2025. 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.
Is HDFC Bank (HDB) Overvalued in 2026?
Based on GuruFocus' analysis, HDFC Bank stock appears to be undervalued.
The current stock price of $23.23 is trading 26.5% below its estimated GF Value™ of $31.61.
GuruFocus considers HDFC Bank to be Modestly Undervalued.
Key valuation signals for HDB:
Debt-to-Equity: 0.95 (near median its 10-year median of 0.99)
GF Value™: $31.61 vs. price of $23.23 (26.5% below fair value)
Industry Position: 66.7% above the Banks median (#939 of 1422)
No single metric tells the full story. See the HDB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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