HDFC BANK LIMITED vs MITSUBISHI UFJ FINANCIAL GROUP INC, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both prices bet on national macro stories rather than bank execution: HDFC at 24.8 times earnings is India's compounding middle class in ticker form, Mitsubishi UFJ at 28 is Japan's rate normalization. The current economics belong to India: a 1.4% return on assets against 0.31%, a 30.8% net margin against 11.7%, the gap between banking in a growth economy and banking in a recovering one. Returns on equity, 7.8% against 6.6%, both understate their franchises for local reasons (merger dilution, rate compression). MUFG pays 1.5%, HDFC 1%. Two of Asia's giants priced within four turns; the arithmetic favors the one whose story needs no central bank.
Comparison updated 2026-07-10.
| Metric | HDB | MUFG |
|---|---|---|
| Price | $25.74 | $20.16 |
| Market cap | $197.2B | $235.0B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | 24.8 | 27.9 |
| P/B | 1.95 | 1.83 |
| P/S | 7.69 | 3.25 |
| EV/EBITDA | — | 20.1 |
| Revenue growth | +26.0% | +22.9% |
| Operating margin | — | 14.4% |
| Net margin | 30.8% | 11.7% |
| Return on equity | 7.8% | 6.6% |
| Return on assets | 1.4% | 0.3% |
| Dividend yield | 1.0% | 1.5% |
| Debt / equity | 0.83 | 0.00 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.