HDFC Bank (STU:HDFA) Scaled Net Operating Assets: 0.25 (As of Jun. 2026)

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STU:HDFA HDFC Bank Ltd STU:HDFA
58 GF Score
Price €20.60
GF Value €23.87
Valuation Modestly Undervalued
! 3 Warning Signs
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What is HDFC Bank Scaled Net Operating Assets?

HDFC Bank STU:HDFA +1.52% 58 Scaled Net Operating Assets is 0.25 as of Jun. 2026. GuruFocus rates STU:HDFA with a GF Score™ of 58/100 and a GF Value™ of €23.87 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HDFC Bank's operating assets for the quarter that ended in Jun. 2026 was €459,372 Mil. HDFC Bank's operating liabilities for the quarter that ended in Jun. 2026 was €348,928 Mil. HDFC Bank's Total Assets for the quarter that ended in Mar. 2026 was €449,075 Mil. Therefore, HDFC Bank's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.25.

STU:HDFA
58GF Score
HDFC Bank Ltd STU:HDFA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HDFC Bank Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HDFC Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(429447.38580918-336500.38193008)/475710.36243203
=0.20

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=449074.75648491 - 19627.370675728
=429447.38580918

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=393687.79699069 - 56878.015018379 - 309.40004223234
=336500.38193008

HDFC Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(459371.63391073-348928.11387324)/449074.75648491
=0.25

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=459371.63391073 -
=459371.63391073

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=401215.47938931 - 52287.365516067 - 0
=348928.11387324

* 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.

What does a Scaled Net Operating Assets of 0.25 mean?
HDFC Bank (STU:HDFA) has a Scaled Net Operating Assets of 0.25 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on HDFC Bank and its competitors.
Is HDFC Bank's Scaled Net Operating Assets too high?
HDFC Bank's current Scaled Net Operating Assets is 0.25. Overall, HDFC Bank has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HDFC Bank's Scaled Net Operating Assets compare to USB?
HDFC Bank's Scaled Net Operating Assets of 0.25 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on HDFC Bank and its competitors. HDFC Bank's current Scaled Net Operating Assets is 0.25. 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 (STU:HDFA) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.87, compared to a current price of €20.60 — trading 13.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.25. HDFC Bank's overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For HDFC Bank (STU:HDFA), the current Scaled Net Operating Assets is 0.25 as of Jun. 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 (STU:HDFA) Overvalued in 2026?

Based on GuruFocus' analysis, HDFC Bank stock appears to be undervalued. The current stock price of €20.60 is trading 13.7% below its estimated GF Value™ of €23.87. GuruFocus considers HDFC Bank to be Modestly Undervalued.

Key valuation signals for STU:HDFA:

  • Scaled Net Operating Assets: 0.25
  • GF Value™: €23.87 vs. price of €20.60 (13.7% below fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the STU:HDFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HDFC Bank Business Description

Address Dr Annie Besant Road, Shiv Sagar Estate, HDFC Bank House, Worli, Mumbai, MH, IND, 400018
HDFC Bank is India's largest private-sector bank, serving tens of millions of customers through thousands of branches spanning metropolitan and rural India. Its 2023 merger with parent Housing Development Finance Corporation, one of the largest transactions in Indian corporate history, combined the country's leading private bank with its top housing finance company, adding a vast mortgage book to a franchise built on retail deposits, consumer loans, credit cards, where it is the market leader, and commercial banking. The bank is known for consistent asset quality and profitability across India's credit cycles, and subsidiaries include HDB Financial Services, HDFC Securities, and stakes in insurance and asset management ventures. Founded in 1994 and headquartered in Mumbai, its ADSs trade on the NYSE.
58GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.60
Price
€23.87
GF Value