Which has the lower trailing P/E, HDB or SPGI?

HDB has the lower trailing P/E: HDB trades at 6.65 and SPGI at 23.52. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, HDB or SPGI?

Over the past five years, HDB grew revenue faster — HDB at a 20.53% CAGR versus SPGI at 15.53%.

Does HDB or SPGI pay a bigger dividend?

HDB yields 3.70% and SPGI yields 1.00% based on trailing dividends and the latest price.

Is HDB or SPGI more profitable?

SPGI runs the higher net margin — HDB at 15.96% versus SPGI at 30.53%.

How have HDB and SPGI total returns compared?

Over the past 10 years, HDB delivered 4.38% and SPGI delivered 12.82% annualized total return. Past performance doesn't predict future results.

HDFC Bank Limited (HDB) vs S&P Global Inc. (SPGI)

A side-by-side comparison of HDFC Bank Limited and S&P Global Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 4, 2026. Differences are shown without an overall score or investment verdict.

HDB

HDFC Bank Limited

$114.59B

$22.34Financial ServicesDelayed quote: Oct 2, 2026, 4:00 PM EDT

SPGI

S&P Global Inc.

$113.87B

$386.27Financial ServicesDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — HDB vs SPGI

growth of $100 · dividends reinvested · last 10y

HDB +52.7% (+4.3%/yr)SPGI +239.4% (+13.0%/yr)SPGI compounded faster over this window

HDB SPGI

HDB vs SPGI: by the numbers

•HDB is the larger company ($114.59B vs $113.87B market cap).
•HDB trades at the lower trailing earnings multiple (6.65 vs 23.52 P/E), one valuation lens rather than an overall verdict.
•SPGI converts more revenue to profit (30.53% vs 15.96% net margin).
•HDB grew revenue faster over the past five years (20.53% vs 15.53% CAGR).
•HDB pays the higher dividend yield (3.70% vs 1.00%).

Metrics side by side

Valuation

Metric	HDB	SPGI
P/E ratio	6.65	23.52
Forward P/E	N/A	21.61
PEG ratio	0.20	2.70
P/S ratio	2.10	7.06
P/B ratio	1.78	3.60
EV / EBITDA	N/A	14.48
FCF yield	N/A	4.89%

Profitability

Metric	HDB	SPGI
Gross margin	N/A	70.90%
Operating margin	21.90%	46.27%
Net margin	15.96%	30.53%
ROE	13.52%	15.57%
ROIC	N/A	10.23%

HDFC Bank Limited: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	HDB	SPGI
Dividend yield	3.70%	1.00%
Payout ratio	24.63%	23.57%

Growth (annualized)

Metric	HDB	SPGI
Revenue CAGR (5Y)	20.53%	15.53%
EPS CAGR (5Y)	33.54%	8.60%
FCF CAGR (5Y)	N/A	9.39%
Total return CAGR (5Y)	-6.88%	-1.22%

Frequently asked

Which has the lower trailing P/E, HDB or SPGI?: HDB has the lower trailing P/E: HDB trades at 6.65 and SPGI at 23.52. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, HDB or SPGI?: Over the past five years, HDB grew revenue faster — HDB at a 20.53% CAGR versus SPGI at 15.53%.
Does HDB or SPGI pay a bigger dividend?: HDB yields 3.70% and SPGI yields 1.00% based on trailing dividends and the latest price.
Is HDB or SPGI more profitable?: SPGI runs the higher net margin — HDB at 15.96% versus SPGI at 30.53%.
How have HDB and SPGI total returns compared?: Over the past 10 years, HDB delivered 4.38% and SPGI delivered 12.82% annualized total return. Past performance doesn't predict future results.

Go deeper

Full HDB analysis Full SPGI analysis Interactive comparison tool

Dig into the metrics

HDFC Bank P/E ratio S&P Global P/E ratio HDFC Bank dividend yield S&P Global dividend yield HDFC Bank ROE S&P Global ROE HDFC Bank operating margin S&P Global operating margin HDFC Bank revenue growth S&P Global revenue growth S&P Global free cash flow

HDFC Bank & S&P Global appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 4, 2026.