EN DE
STOCK COMPARISON

DBS Group Holdings vs HDFC Bank: Fair Value & Quality

Both stocks run through our valuation models. Here is how DBS Group Holdings (D05) and HDFC Bank (HDFCBANK) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees HDFC Bank as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while HDFC Bank trades at ₹712 versus ₹448 (-37%).
DBS Group Holdings
D05.SG · SGD · Financials
-49%
upside to fair value
overvalued
PriceS$78.65
Fair ValueS$40.48
Quality65/100
HDFC Bank
HDFCBANK.NSE · INR · Financials
-37%
upside to fair value
overvalued
Price₹712
Fair Value₹448
Quality51/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

DBS Group HoldingsHDFC Bank
Valuation
18.7×P/E (TTM)18.0×
7.23×P/S (TTM)4.43×
2.34×P/B2.14×
—EV/EBITDA14.4×
3.44×PEG0.89×
−48.5%Fair value upside−37.0%
3.6%Dividend yield1.9%
S$2.85Dividend per share₹13.50
Profitability
60%Operating margin41%
0.99×EBIT margin trend (5Y)0.12×
16%Return on equity14%
1%Return on assets2%
Growth
3%Revenue growth (YoY)-2%
11.6%Avg. growth/yr (3Y)34.3%
9.4%Avg. growth/yr (5Y)51.7%
+12.6%Value creation/yr+2.6%
Balance & size
0.6×Interest coverage (EBIT/interest)0.6×
0.69×Debt / equity1.00×
$161BMarket cap$133B
healthyGrowth qualityhealthy

HDFC Bank leads: 5 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

DBS Group Holdingsof which business quality 61 · market factors 96 HDFC Bankof which business quality 49 · market factors 39
ProfitabilityMargins and returns on capital today
38
31
Quality GrowthAre margins and returns improving?
54
67
CashflowEarnings quality: real cash, not paper profit
84
100
Fin. StrengthBalance sheet, leverage, solvency risk
56
21
InvestmentDisciplined investing over empire-building
78
33
Low VolatilityCalm price path (market factor)
99
93
MomentumPrice trend over the last 3–12 months (market factor)
91
24
52W MomentumDistance to the 52-week high (market factor)
100
3
Net IssuanceBuybacks instead of dilution
65
37

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyDBS Group HoldingsPrice S$78.65HDFC BankPrice ₹712
Dividend Discount-30%below the priceS$54.87-64%below the price₹257
Multiples-47%below the priceS$42.04-18%below the price₹587
Asset-Based-79%below the priceS$16.26-64%below the price₹255
Economic Profit-59%below the priceS$32.23-35%below the price₹463
Minimum-79%below the priceS$16.26-64%below the price₹255
Maximum-30%below the priceS$54.87-18%below the price₹587
Median-53%below the priceS$37.13-49%below the price₹360
Geometric mean-58%below the priceS$33.16-49%below the price₹365

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

DBS Group Holdings: 6 of 6 models see the stock below the current price.

HDFC Bank: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$78.65 = current price (white tick)
HDFC Bank
Bear ₹336Fair Value ₹448Bull ₹560
₹712 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-49% · bottom 25%

HDFC Bank · Financials

Quality score51 · below median
Fair value upside-37% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees HDFC Bank as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while HDFC Bank trades at ₹712 versus ₹448 (-37%).

DBS Group Holdings has the higher quality score (65/100).

See the full analysis →
DBS Group Holdings · HDFC Bank

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to DBS Group Holdings

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs PDD Holdings

Related to HDFC Bank

Amazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&tMeta Platforms vs NetEase
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.