ICICI BANK
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The Current P/E Ratio of ICICI BANK is 17.41.
Share Price | ₹1,066.4 | Apr 19,2024 |
Market Cap | ₹749,050.0 Cr | |
Earnings-TTM | ₹43,019.2 Cr | TTM-Consolidated Results |
Price/Earnings | 17.41x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ICICI BANK
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹749,050.0 Cr] as on Apr 19,2024
(/) Earnings [ ₹43,019.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.41x ]
Thus, for ICICI BANK , the investors are currently willing to pay 17.41 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 p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 28.50x.
- ICICI BANK 's operated at median p/e ratio of 21.87x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2019 at 60.44x.
- ICICI BANK 's p/e ratio hit its five-year low in Mar2023 of 18x.
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 Ratio | Market Cap |
---|---|---|---|
ICICI BANK | 43,019.20 | 17.41 | 749,050.0 |
HDFC BANK LTD | 60,067.60 | 19.37 | 1,163,310.0 |
KOTAK MAHINDRA BANK LTD | 17,264.10 | 20.65 | 356,474.0 |
AXIS BANK LTD | 13,438.80 | 23.65 | 317,808.0 |
INDUSIND BANK LTD | 8,671.27 | 13.31 | 115,437.0 |
IDBI BANK LTD | 5,315.15 | 16.98 | 90,255.7 |
YES BANK LTD | 1,024.12 | 67.25 | 68,870.3 |
IDFC FIRST BANK LTD | 3,026.57 | 19.12 | 57,853.2 |
AU SMALL FINANCE BANK LTD | 1,588.61 | 28.75 | 45,671.6 |
THE FEDERAL BANK LTD | 3,894.71 | 9.49 | 36,976.4 |
BANDHAN BANK LTD | 2,983.23 | 9.37 | 27,958.4 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs ICICI BANK 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.37x |
Max industry PE | 67.25x |
Median industry PE | 19.12x |
Average industry PE | 22.30x |
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