ICICI BANK
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The Current P/B Ratio of ICICI BANK is 3.53.
Share Price | ₹1,276.4 | Nov 04,2024 |
Market Cap | ₹900,436.4 Cr | |
Book Value | ₹254,739.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 3.53x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of ICICI BANK
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹900,436.4 Cr] as on Nov 04,2024
(/) Book Value [ ₹254,739.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 3.53x ]
Thus, for ICICI BANK , the investors are currently willing to pay '3.53 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of ICICI BANK !
The chart below summarizes the trend in P/B Ratio of ICICI BANK over the last five years.
Historical PB (Price/Book ) ratio chart of ICICI BANK
PB Ratio Performance Analysis for ICICI BANK
- ICICI BANK 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.63x.
- ICICI BANK 's operated at median p/b ratio of 2.84x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/b ratio peaked in Mar2024 at 3.06x.
- ICICI BANK 's p/b ratio hit its five-year low in Mar2020 of 1.75x.
How does ICICI BANK 's P/B Ratio benchmark against top 10 peers in Bank - Private Industry?
Peer Comparison (Bank - Private Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ICICI BANK | 254,739.00 | 3.53 | 900,436.4 |
HDFC BANK LTD | 453,743.00 | 2.89 | 1,309,810.0 |
KOTAK MAHINDRA BANK LTD | 129,892.00 | 2.65 | 343,654.0 |
AXIS BANK LTD | 156,129.00 | 2.26 | 352,715.0 |
INDUSIND BANK LTD | 63,104.00 | 1.31 | 82,849.8 |
IDBI BANK LTD | 51,073.10 | 1.73 | 88,438.5 |
YES BANK LTD | 41,148.10 | 1.55 | 63,731.3 |
IDFC FIRST BANK LTD | 32,214.70 | 1.50 | 48,177.6 |
AU SMALL FINANCE BANK LTD | 12,496.80 | 3.72 | 46,500.0 |
THE FEDERAL BANK LTD | 30,101.60 | 1.66 | 50,072.0 |
BANDHAN BANK LTD | 21,565.40 | 1.35 | 29,029.7 |
Bank - Private Industry Benchmark (Top 10) PB Analysis vs ICICI BANK 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.31x |
Max industry PB | 3.72x |
Median industry PB | 1.73x |
Average industry PB | 2.19x |
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