See: http://en.wikipedia.org/wiki/HDLC
So the actual overhead is dependent on the data being sent over the link. In practice I believe it typically adds about 3% to the overhead. There’s additional overhead in the IP packets due to headers (routing information) and other encapsulating packet structures like Ethernet that are commonly used in network communications.
Thanks for the link. The packet overhead is probably the reason that using a divide-by-10 seems to work out so close for the conversion.