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ICICI BANK
PE (Price/Earnings) Ratio

The Current P/E Ratio of ICICI BANK is 17.56.

Share Price ₹1,384.1Jan 29,2026
Market Cap ₹989,977.5 Cr
Earnings-TTM₹56,384.9 CrTTM-Consolidated Results
Price/Earnings17.56xCalculated 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 [ ₹989,977.5 Cr] as on Jan 29,2026

(/) Earnings [ ₹56,384.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.56x ]

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 17.56 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 17.56x.

- 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 RatioMarket Cap
ICICI BANK 56,384.9017.56989,977.5
HDFC BANK LTD77,429.8018.591,439,670.0
KOTAK MAHINDRA BANK LTD18,688.0021.95410,137.0
AXIS BANK LTD26,351.8016.08423,681.0
INDUSIND BANK LTD-2,033.87-34.4069,968.8
IDBI BANK LTD9,296.0211.32105,212.0
YES BANK LTD3,174.3021.0866,900.7
IDFC FIRST BANK LTD1,437.0449.9571,774.0
THE FEDERAL BANK LTD4,198.4416.8870,867.5
AU SMALL FINANCE BANK LTD2,313.0831.9273,832.2
BANDHAN BANK LTD1,007.3324.3024,478.7

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

Top 10 Industry PeersPE Ratio
Min industry PE -34.40x
Max industry PE 49.95x
Median industry PE 18.59x
Average industry PE 17.75x



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