HDFC BANK LIMITED vs TORONTO DOMINION BANK, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
HDFC is a growth bank in a growth country, still integrating the mortgage giant it swallowed; TD is an oligopoly bank in a saturated one, still paying for its US compliance failures, and the models barely rhyme despite matched size near $200B. TD currently earns far better, 17.4% on equity against 7.8% and 1.04% on assets against HDFC's 1.4%... split verdict there, each winning one line. Net margins favor HDFC slightly, 30.8% against 28.3%. The multiples split eleven turns, 24.8 against 13.2, demographics against oligopoly. The pair prices the two safest stories in global banking against each other; the cheap one earns more today, the dear one for longer, allegedly.
Comparison updated 2026-07-10.
| Metric | HDB | TD |
|---|---|---|
| Price | $25.74 | $119.72 |
| Market cap | $197.2B | $201.2B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Mature |
| P/E | 24.8 | 13.2 |
| P/B | 1.95 | 2.18 |
| P/S | 7.69 | 3.55 |
| Revenue growth | +26.0% | -8.8% |
| Net margin | 30.8% | 28.3% |
| Return on equity | 7.8% | 17.4% |
| Return on assets | 1.4% | 1.0% |
| 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.