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ICICI BANK
PB (Price/Book ) Ratio

The Current P/B Ratio of ICICI BANK is 3.53.

Share Price ₹1,276.4Nov 04,2024
Market Cap ₹900,436.4 Cr
Book Value₹254,739.0 CrMar2024 - Consolidated Results
Price/Book 3.53xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ICICI BANK

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of ICICI BANK is calculated as :

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 ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

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 latest p/b ratio is 3.53x.

- 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 ValuePB RatioMarket Cap
ICICI BANK 254,739.003.53900,436.4
HDFC BANK LTD453,743.002.891,309,810.0
KOTAK MAHINDRA BANK LTD129,892.002.65343,654.0
AXIS BANK LTD156,129.002.26352,715.0
INDUSIND BANK LTD63,104.001.3182,849.8
IDBI BANK LTD51,073.101.7388,438.5
YES BANK LTD41,148.101.5563,731.3
IDFC FIRST BANK LTD32,214.701.5048,177.6
AU SMALL FINANCE BANK LTD12,496.803.7246,500.0
THE FEDERAL BANK LTD30,101.601.6650,072.0
BANDHAN BANK LTD21,565.401.3529,029.7

Bank - Private Industry Benchmark (Top 10) PB Analysis vs ICICI BANK 's P/B Ratio

Top 10 Industry PeersPB 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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