ICICI BANK
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The Current P/E Ratio of ICICI BANK is 15.30.
| Share Price | ₹1,205.2 | Mar 30,2026 |
| Market Cap | ₹862,935.3 Cr | |
| Earnings-TTM | ₹56,384.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 15.30x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
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)
Current Market Cap [ ₹862,935.3 Cr] as on Mar 30,2026
(/) Earnings [ ₹56,384.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 15.30x ]
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 15.30 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.
Thus, for ICICI BANK , the investors are currently willing to pay 15.30 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 15.30x.
- ICICI BANK 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 19.26x.
- ICICI BANK 's operated at median p/e ratio of 18.82x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2021 at 21.87x.
- ICICI BANK 's p/e ratio hit its five-year low in Mar2024 of 17.39x.
- ICICI BANK 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 19.26x.
- ICICI BANK 's operated at median p/e ratio of 18.82x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2021 at 21.87x.
- ICICI BANK 's p/e ratio hit its five-year low in Mar2024 of 17.39x.
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 | 56,384.90 | 15.30 | 862,935.3 |
| HDFC BANK LTD | 77,429.80 | 14.55 | 1,126,490.0 |
| KOTAK MAHINDRA BANK LTD | 18,688.00 | 18.80 | 351,309.0 |
| AXIS BANK LTD | 26,351.80 | 13.70 | 361,125.0 |
| INDUSIND BANK LTD | -2,033.87 | -28.84 | 58,651.1 |
| IDBI BANK LTD | 9,296.02 | 7.11 | 66,127.3 |
| YES BANK LTD | 3,174.30 | 17.05 | 54,130.1 |
| IDFC FIRST BANK LTD | 1,575.52 | 32.11 | 50,595.2 |
| THE FEDERAL BANK LTD | 4,198.44 | 15.22 | 63,911.2 |
| AU SMALL FINANCE BANK LTD | 2,313.08 | 27.26 | 63,060.2 |
| BANDHAN BANK LTD | 1,007.33 | 22.59 | 22,755.0 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs ICICI BANK 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -28.84x |
| Max industry PE | 32.11x |
| Median industry PE | 15.30x |
| Average industry PE | 14.08x |
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