HDFC BankMEX:HDBN 66 PB Ratio is 1.15 as of Jun. 24, 2026, which is 68% below its 10-year median of 3.58. GuruFocus rates MEX:HDBN with a GF Score™ of 66/100 and a GF Value™ of MXN501.84 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,516 Banks companies, HDFC Bank ranks worse than 79.68% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), HDFC Bank's share price is MXN410.00. HDFC Bank's Book Value per Share for the quarter that ended in Mar. 2025 was MXN355.82. Hence, HDFC Bank's PB Ratio of today is 1.15.
Good Sign:
HDFC Bank Ltd stock PB Ratio (=1.54) is close to 10-year low of 1.48.
The historical rank and industry rank for HDFC Bank's PB Ratio or its related term are showing as below:
MEX:HDBN'
s PB Ratio Range Over the Past 10 Years
Min: 1.48 Med: 3.58 Max: 5.13
Current: 1.54
During the past 13 years, HDFC Bank's highest PB Ratio was 5.13. The lowest was 1.48. And the median was 3.58.
MEX:HDBN's PB Ratio is ranked worse than 79.68% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs MEX:HDBN: 1.54
During the past 12 months, HDFC Bank's average Book Value Per Share Growth Rate was 9.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 30.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 25.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HDFC Bank was 49.70% per year. The lowest was 12.80% per year. And the median was 21.45% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
HDFC Bank PB Ratio Related Terms
HDFC Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for HDFC Bank's PB 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.
For the Banks - Regional subindustry, HDFC Bank's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, HDFC Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where HDFC Bank's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
HDFC Bank's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
HDFC Bank (MEX:HDBN) has a PB Ratio of 1.15 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HDFC Bank and its competitors. This is 68% below median its historical median of 3.58. Over the past decade, HDFC Bank's PB Ratio has ranged from 1.48 to 5.13. According to the industry distribution chart, HDFC Bank ranks #1208 out of 1516 companies in the Banks industry, placing it in the top 79.7%.
Is HDFC Bank's PB Ratio too high?
HDFC Bank's current PB Ratio of 1.15 is 68% below median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 5.13. The Banks industry median PB Ratio is 1.08. HDFC Bank's value of 1.15 is 6.5% above this industry median. Based on the distribution chart, HDFC Bank ranks #1208 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, HDFC Bank has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's PB Ratio compare to PNC?
According to the Banks industry distribution chart, HDFC Bank ranks #1208 out of 1516 companies for PB Ratio. This places HDFC Bank in the lower half of its industry. The industry median PB Ratio is 1.08. HDFC Bank's value of 1.15 is 6.5% above this benchmark. Historically, HDFC Bank's own PB Ratio has ranged from 1.48 to 5.13 over the past decade. While the company's 10-year median is 3.58 vs. the industry median of 1.08, 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.08, based on 1,516 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDFC Bank's current PB Ratio of 1.15 is 6.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HDFC Bank and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDFC Bank's current PB Ratio is 1.15, which is 68% below median its own 10-year median of 3.58. 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 (MEX:HDBN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN501.84, compared to a current price of MXN410.00 — trading 18.3% below its estimated fair value. The current PB Ratio is 1.15, which is 68% below median its 10-year median of 3.58 and 6.5% above the Banks industry median of 1.08. HDFC Bank's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For HDFC Bank (MEX:HDBN), the current PB Ratio is 1.15 as of Jun. 24, 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.
Is HDFC Bank (MEX:HDBN) Overvalued in 2026?
Based on GuruFocus' analysis, HDFC Bank stock appears to be undervalued.
The current stock price of MXN410.00 is trading 18.3% below its estimated GF Value™ of MXN501.84.
GuruFocus considers HDFC Bank to be Modestly Undervalued.
Key valuation signals for MEX:HDBN:
PB Ratio: 1.15 (68% below median its 10-year median of 3.58)
GF Value™: MXN501.84 vs. price of MXN410.00 (18.3% below fair value)
Industry Position: 6.5% above the Banks median (#1208 of 1516)
No single metric tells the full story. See the MEX:HDBN 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.
66GF Score
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