HDFC Bank (HDB) vs Shinhan Financial Group (SHG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Shinhan Financial Group (SHG) has outperformed HDFC Bank (HDB) over the past year, gaining 53.9% versus a loss of 36.6%. Over five years, SHG leads with a +132.1% price change compared with -41.6% for HDB. HDFC Bank is the larger company by market cap ($113.61 billion vs $35.50 billion), about 3.2 times the size.
On valuation, Shinhan Financial Group trades at a lower forward P/E (8.1x vs 15.9x for HDFC Bank). Shinhan Financial Group offers the higher dividend yield (3886.46% vs 58.81%). HDFC Bank converts more of its revenue into profit, with a net margin of 30.8% versus 23.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HDB | SHG |
|---|---|---|
| Share price | $22.11 | $75.39 |
| Market cap | $113.61B | $35.50B |
| 1-day change | -0.16% | -2.23% |
| YTD return | -39.41% | +43.78% |
| 1-year return | -36.58% | +53.85% |
| 5-year return | -41.55% | +132.12% |
| P/E ratio (TTM) | 14.26 | 10.03 |
| Forward P/E | 15.89 | 8.07 |
| EPS (TTM) | $1.55 | $7.52 |
| Dividend yield | 58.81% | 3886.46% |
| Annual dividend | $13.00 | $2,930.00 |
| Revenue (latest FY) | $25.64B | $10.59B |
| Revenue growth (YoY) | +15.25% | +13.00% |
| Net income (latest FY) | $7.88B | $2.52B |
| Net margin | 30.75% | 23.76% |
| 52-week high | $37.45 | $85.57 |
| 52-week low | $21.71 | $47.05 |
| Distance from 52-week high | -40.97% | -11.90% |
| Analyst consensus | buy | none |
| Avg. price target upside | +38.11% | +30.47% |
| Average volume | 9.79M | 191.81K |
| Shares outstanding | 5.14B | 470.86M |
| Employees | 212,958 | 184 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- HDFC Bank is about 3.2 times larger than Shinhan Financial Group by market value ($113.61B vs $35.50B).
- SHG has outperformed HDB by 90.4 percentage points over the past year.
- HDFC Bank trades at a higher earnings multiple (14.3x vs 10.0x trailing P/E).
- Shinhan Financial Group offers a meaningfully higher dividend yield (3886.46% vs 58.81%).
- HDFC Bank is more profitable, keeping 30.8 cents of every revenue dollar as net income versus 23.8 cents for Shinhan Financial Group.
About HDFC Bank
HDB stock →HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments.
Finance · Commercial Banks · 212,958 employees
About Shinhan Financial Group
SHG stock →Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and overseas.
Finance · Major Banks · 184 employees
HDB vs SHG FAQ
Which is bigger, HDFC Bank or Shinhan Financial Group?
HDFC Bank (HDB) is larger, with a market capitalization of $113.61B compared with $35.50B for Shinhan Financial Group (SHG).
Which stock has performed better over the past year, HDB or SHG?
SHG returned +53.85% over the past 12 months, compared with -36.58% for HDB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HDB or SHG?
SHG has the lower trailing P/E at 10.0, versus 14.3 for HDB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, HDFC Bank or Shinhan Financial Group?
Shinhan Financial Group has the higher yield at 3886.46%, compared with 58.81% for HDFC Bank.
Are HDFC Bank and Shinhan Financial Group in the same industry?
Both are in the Finance sector, but in different industries: Commercial Banks for HDFC Bank and Major Banks for Shinhan Financial Group.