HDFC BANK LIMITED vs ROYAL BANK OF CANADA, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
HDFC Bank carries 0.83 turns of displayed leverage from its mortgage-merger inheritance; Royal Bank of Canada shows none by this page's accounting, and as always with banks the figures matter less than the returns they fund: 15% on equity at RBC against 7.8% at HDFC, 0.9% on assets against 1.4%, a split verdict where each wins its home metric. RBC's 31% net margin tops HDFC's 30.8% by a hair. The multiples split six turns, 24.8 against 18.9, India's growth premium against Canada's oligopoly one. The pair prices two of banking's best franchises at their national exchange rates: protected profitability now, or demographic compounding later.
Comparison updated 2026-07-10.
| Metric | HDB | RY |
|---|---|---|
| Price | $25.74 | $202.84 |
| Market cap | $197.2B | $283.7B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | 24.8 | 18.9 |
| P/B | 1.95 | 2.76 |
| P/S | 7.69 | 5.69 |
| EV/EBITDA | — | 113.4 |
| Revenue growth | +26.0% | +12.1% |
| Net margin | 30.8% | 31.0% |
| Return on equity | 7.8% | 15.0% |
| Return on assets | 1.4% | 0.9% |
| Dividend yield | 1.0% | — |
| Debt / equity | 0.83 | 0.00 |
| Piotroski F (quality) | 7 / 9 | 9 / 9 |
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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.