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ICICI BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of ICICI BANK is 17.24.

Share Price ₹1,429.0Aug 10,2026
Market Cap ₹1,025,450.4 Cr
Earnings-TTM₹59,489.3 CrTTM-Consolidated Results
Price/Earnings17.24xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ICICI BANK

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

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

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

Current Market Cap [ ₹1,025,450.4 Cr] as on Aug 10,2026

(/) Earnings [ ₹59,489.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.24x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for ICICI BANK , the investors are currently willing to pay 17.24 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ICICI BANK !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of ICICI BANK over the last five years.

Historical PE (Price/Earnings) ratio chart of ICICI BANK


PE Ratio Performance Analysis for ICICI BANK

- ICICI BANK 's latest p/e ratio is 17.24x.

- ICICI BANK 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 18.07x.

- ICICI BANK 's operated at median p/e ratio of 18x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2022 at 20.21x.

- ICICI BANK 's p/e ratio hit its five-year low in Mar2026 of 15.92x.


How does ICICI BANK 's P/E Ratio benchmark against top 10 peers in Bank - Private Industry?

Peer Comparison (Bank - Private Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ICICI BANK 59,489.3017.241,025,450.4
HDFC BANK LTD82,511.7013.671,127,970.0
KOTAK MAHINDRA BANK LTD20,238.6019.29390,335.0
AXIS BANK LTD27,890.2013.92388,334.0
IDBI BANK LTD9,318.159.5789,148.2
AU SMALL FINANCE BANK LTD2,856.3528.1080,250.1
THE FEDERAL BANK LTD4,834.2218.2488,184.9
INDUSIND BANK LTD1,322.1660.1379,499.6
YES BANK LTD3,775.1518.8871,281.2
IDFC FIRST BANK LTD2,304.9131.8273,332.1
BANDHAN BANK LTD1,353.2720.6027,872.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.57x
Max industry PE 60.13x
Median industry PE 18.88x
Average industry PE 22.86x



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