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HDFC Bank (NSE:HDFCBANK) Shiller PE Ratio : 64.28 (As of May. 18, 2025)


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What is HDFC Bank Shiller PE Ratio?

As of today (2025-05-18), HDFC Bank's current share price is ₹1934.70. HDFC Bank's E10 for the quarter that ended in Dec. 2024 was ₹30.10. HDFC Bank's Shiller PE Ratio for today is 64.28.

The historical rank and industry rank for HDFC Bank's Shiller PE Ratio or its related term are showing as below:

NSE:HDFCBANK' s Shiller PE Ratio Range Over the Past 10 Years
Min: 54.38   Med: 67.57   Max: 84.79
Current: 64.27

During the past years, HDFC Bank's highest Shiller PE Ratio was 84.79. The lowest was 54.38. And the median was 67.57.

NSE:HDFCBANK's Shiller PE Ratio is ranked worse than
98.16% of 1195 companies
in the Banks industry
Industry Median: 11.39 vs NSE:HDFCBANK: 64.27

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

HDFC Bank's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹23.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₹30.10 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


HDFC Bank Shiller PE Ratio Historical Data

The historical data trend for HDFC Bank's Shiller PE 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.

* Premium members only.

HDFC Bank Shiller PE Ratio Chart

HDFC Bank Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 59.85 -

HDFC Bank Quarterly Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Dec23 Mar24 Dec24 Mar25
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 86.13 59.85 58.89 -

Competitive Comparison of HDFC Bank's Shiller PE Ratio

For the Banks - Regional subindustry, HDFC Bank's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HDFC Bank's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where HDFC Bank's Shiller PE Ratio falls into.


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HDFC Bank Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

HDFC Bank's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=1934.70/30.10
=64.28

* 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's E10 for the quarter that ended in Dec. 2024 is calculated as:

For example, HDFC Bank's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=23/158.3229*158.3229
=23.000

Current CPI (Dec. 2024) = 158.3229.

HDFC Bank Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
200812 1.460 56.232 4.111
200903 0.554 56.615 1.549
200906 1.410 58.527 3.814
200909 0.788 62.353 2.001
200912 1.840 64.648 4.506
201003 0.700 65.030 1.704
201006 1.740 66.560 4.139
201009 2.185 68.473 5.052
201012 2.300 70.768 5.146
201103 2.775 70.768 6.208
201106 2.300 72.298 5.037
201109 1.950 75.359 4.097
201112 3.050 75.359 6.408
201203 2.660 76.889 5.477
201209 0.000 82.244 0.000
201303 0.000 85.687 0.000
201309 0.000 91.042 0.000
201403 0.000 91.425 0.000
201409 0.000 96.780 0.000
201503 0.000 97.163 0.000
201509 0.000 101.753 0.000
201603 0.000 102.518 0.000
201609 0.000 105.961 0.000
201703 0.000 105.196 0.000
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201809 0.000 115.142 0.000
201903 0.000 118.202 0.000
201909 0.000 123.175 0.000
202003 0.000 124.705 0.000
202009 0.000 130.118 0.000
202103 0.000 131.771 0.000
202109 0.000 135.847 0.000
202203 0.000 138.822 0.000
202209 0.000 144.661 0.000
202303 0.000 146.865 0.000
202309 0.000 151.492 0.000
202312 22.650 152.924 23.450
202403 21.500 153.035 22.243
202412 23.000 158.323 23.000

Add all the adjusted EPS together and divide 10 will get our E10.

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.


HDFC Bank  (NSE:HDFCBANK) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


HDFC Bank Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of HDFC Bank's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


HDFC Bank Business Description

Address
Senapati Bapat Marg, HDFC Bank House, Lower Parel (West), Mumbai, MH, IND, 400013
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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