CG vs. HDB: A Head-to-Head Stock Comparison

Updated on August 21, 2025

Here’s a clear look at CG and HDB, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

CG is a standard domestic listing, while HDB trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	CG	HDB
Company Name	The Carlyle Group Inc.	HDFC Bank Limited
Country	United States	India
GICS Sector	Financials	Financials
GICS Industry	Capital Markets	Banks
Market Capitalization	23.67 billion USD	189.27 billion USD
Exchange	NasdaqGS	NYSE
Listing Date	May 3, 2012	July 20, 2001
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of CG and HDB by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

CG vs. HDB: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CG	HDB
5-Day Price Return	6.27%	-0.89%
13-Week Price Return	43.42%	2.40%
26-Week Price Return	24.44%	15.38%
52-Week Price Return	65.98%	19.30%
Month-to-Date Return	7.86%	-1.87%
Year-to-Date Return	29.59%	11.76%
10-Day Avg. Volume	3.01M	7.40M
3-Month Avg. Volume	3.00M	10.11M
3-Month Volatility	35.01%	12.54%
Beta	2.03	0.09

Profitability

Return on Equity (TTM)

CG

19.94%

Capital Markets Industry

Max: 38.97%
Q3: 21.61%
Median: 13.77%
Q1: 8.31%
Min: -4.25%

CG’s Return on Equity of 19.94% is on par with the norm for the Capital Markets industry, indicating its profitability relative to shareholder equity is typical for the sector.

HDB

13.78%

Banks Industry

Max: 26.37%
Q3: 15.92%
Median: 12.25%
Q1: 8.69%
Min: 0.15%

HDB’s Return on Equity of 13.78% is on par with the norm for the Banks industry, indicating its profitability relative to shareholder equity is typical for the sector.

CG vs. HDB: A comparison of their Return on Equity (TTM) against their respective Capital Markets and Banks industry benchmarks.

Net Profit Margin (TTM)

CG

19.00%

Capital Markets Industry

Max: 66.67%
Q3: 35.11%
Median: 23.49%
Q1: 13.63%
Min: -15.18%

CG’s Net Profit Margin of 19.00% is aligned with the median group of its peers in the Capital Markets industry. This indicates its ability to convert revenue into profit is typical for the sector.

HDB

32.49%

Banks Industry

Max: 54.20%
Q3: 35.70%
Median: 28.97%
Q1: 22.53%
Min: 6.98%

HDB’s Net Profit Margin of 32.49% is aligned with the median group of its peers in the Banks industry. This indicates its ability to convert revenue into profit is typical for the sector.

CG vs. HDB: A comparison of their Net Profit Margin (TTM) against their respective Capital Markets and Banks industry benchmarks.

Operating Profit Margin (TTM)

CG

24.63%

Capital Markets Industry

Max: 86.40%
Q3: 46.46%
Median: 32.80%
Q1: 18.32%
Min: -21.87%

CG’s Operating Profit Margin of 24.63% is around the midpoint for the Capital Markets industry, indicating that its efficiency in managing core business operations is typical for the sector.

HDB

42.04%

Banks Industry

Max: 63.35%
Q3: 44.59%
Median: 37.24%
Q1: 28.25%
Min: 13.37%

HDB’s Operating Profit Margin of 42.04% is around the midpoint for the Banks industry, indicating that its efficiency in managing core business operations is typical for the sector.

CG vs. HDB: A comparison of their Operating Profit Margin (TTM) against their respective Capital Markets and Banks industry benchmarks.

Profitability at a Glance

Symbol	CG	HDB
Return on Equity (TTM)	19.94%	13.78%
Return on Assets (TTM)	4.71%	1.64%
Net Profit Margin (TTM)	19.00%	32.49%
Operating Profit Margin (TTM)	24.63%	42.04%
Gross Profit Margin (TTM)	60.12%	--

Financial Strength

Current Ratio (MRQ)

CG

0.42

Capital Markets Industry

Max: 3.76
Q3: 1.89
Median: 1.01
Q1: 0.54
Min: -0.41

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

HDB

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

For the Banks industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

CG vs. HDB: A comparison of their Current Ratio (MRQ) against their respective Capital Markets and Banks industry benchmarks.

Debt-to-Equity Ratio (MRQ)

CG

1.79

Capital Markets Industry

Max: 6.62
Q3: 2.84
Median: 1.02
Q1: 0.32
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

HDB

1.11

Banks Industry

Max: 4.75
Q3: 2.62
Median: 1.02
Q1: 0.39
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Banks industry.

CG vs. HDB: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Capital Markets and Banks industry benchmarks.

Interest Coverage Ratio (TTM)

CG

97.47

Capital Markets Industry

Max: 126.03
Q3: 60.98
Median: 11.77
Q1: 4.95
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

HDB

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Banks industry.

CG vs. HDB: A comparison of their Interest Coverage Ratio (TTM) against their respective Capital Markets and Banks industry benchmarks.

Financial Strength at a Glance

Symbol	CG	HDB
Current Ratio (MRQ)	0.42	--
Quick Ratio (MRQ)	0.42	--
Debt-to-Equity Ratio (MRQ)	1.79	1.11
Interest Coverage Ratio (TTM)	97.47	--

Growth

Revenue Growth

CG vs. HDB: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

CG vs. HDB: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

CG

2.13%

Capital Markets Industry

Max: 10.26%
Q3: 4.86%
Median: 2.78%
Q1: 1.22%
Min: 0.00%

CG’s Dividend Yield of 2.13% is consistent with its peers in the Capital Markets industry, providing a dividend return that is standard for its sector.

HDB

0.98%

Banks Industry

Max: 10.27%
Q3: 5.83%
Median: 3.81%
Q1: 2.50%
Min: 0.00%

HDB’s Dividend Yield of 0.98% is in the lower quartile for the Banks industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

CG vs. HDB: A comparison of their Dividend Yield (TTM) against their respective Capital Markets and Banks industry benchmarks.

Dividend Payout Ratio (TTM)

CG

46.34%

Capital Markets Industry

Max: 200.72%
Q3: 101.92%
Median: 57.97%
Q1: 32.36%
Min: 0.00%

CG’s Dividend Payout Ratio of 46.34% is within the typical range for the Capital Markets industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

HDB

83.17%

Banks Industry

Max: 147.07%
Q3: 80.55%
Median: 54.40%
Q1: 35.71%
Min: 0.00%

HDB’s Dividend Payout Ratio of 83.17% is in the upper quartile for the Banks industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

CG vs. HDB: A comparison of their Dividend Payout Ratio (TTM) against their respective Capital Markets and Banks industry benchmarks.

Dividend at a Glance

Symbol	CG	HDB
Dividend Yield (TTM)	2.13%	0.98%
Dividend Payout Ratio (TTM)	46.34%	83.17%

Valuation

Price-to-Earnings Ratio (TTM)

CG

21.75

Capital Markets Industry

Max: 58.89
Q3: 31.00
Median: 18.54
Q1: 12.09
Min: 5.24

CG’s P/E Ratio of 21.75 is within the middle range for the Capital Markets industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

HDB

21.42

Banks Industry

Max: 20.05
Q3: 12.65
Median: 10.21
Q1: 7.54
Min: 2.74

At 21.42, HDB’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Banks industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

CG vs. HDB: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Capital Markets and Banks industry benchmarks.

Price-to-Sales Ratio (TTM)

CG

4.13

Capital Markets Industry

Max: 14.49
Q3: 7.41
Median: 4.68
Q1: 2.25
Min: 0.04

CG’s P/S Ratio of 4.13 aligns with the market consensus for the Capital Markets industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

HDB

6.77

Banks Industry

Max: 5.06
Q3: 2.98
Median: 2.24
Q1: 1.59
Min: 0.45

The P/S Ratio is often not a primary valuation tool in the Banks industry.

CG vs. HDB: A comparison of their Price-to-Sales Ratio (TTM) against their respective Capital Markets and Banks industry benchmarks.

Price-to-Book Ratio (MRQ)

CG

2.82

Capital Markets Industry

Max: 9.48
Q3: 4.94
Median: 2.42
Q1: 1.21
Min: 0.38

CG’s P/B Ratio of 2.82 is within the conventional range for the Capital Markets industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

HDB

2.83

Banks Industry

Max: 2.18
Q3: 1.36
Median: 1.09
Q1: 0.81
Min: 0.20

At 2.83, HDB’s P/B Ratio is at an extreme premium to the Banks industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

CG vs. HDB: A comparison of their Price-to-Book Ratio (MRQ) against their respective Capital Markets and Banks industry benchmarks.

Valuation at a Glance

Symbol	CG	HDB
Price-to-Earnings Ratio (TTM)	21.75	21.42
Price-to-Sales Ratio (TTM)	4.13	6.77
Price-to-Book Ratio (MRQ)	2.82	2.83
Price-to-Free Cash Flow Ratio (TTM)	22.12	12.28