ICICI BANK
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The Current P/E Ratio of ICICI BANK is 17.56.
| Share Price | ₹1,384.1 | Jan 29,2026 |
| Market Cap | ₹989,977.5 Cr | |
| Earnings-TTM | ₹56,384.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 17.56x | Calculated as Market Cap/Earnings |
|---|---|---|
| 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 [ ₹989,977.5 Cr] as on Jan 29,2026
(/) Earnings [ ₹56,384.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.56x ]
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 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 | 17.56 | 989,977.5 |
| HDFC BANK LTD | 77,429.80 | 18.59 | 1,439,670.0 |
| KOTAK MAHINDRA BANK LTD | 18,688.00 | 21.95 | 410,137.0 |
| AXIS BANK LTD | 26,351.80 | 16.08 | 423,681.0 |
| INDUSIND BANK LTD | -2,033.87 | -34.40 | 69,968.8 |
| IDBI BANK LTD | 9,296.02 | 11.32 | 105,212.0 |
| YES BANK LTD | 3,174.30 | 21.08 | 66,900.7 |
| IDFC FIRST BANK LTD | 1,437.04 | 49.95 | 71,774.0 |
| THE FEDERAL BANK LTD | 4,198.44 | 16.88 | 70,867.5 |
| AU SMALL FINANCE BANK LTD | 2,313.08 | 31.92 | 73,832.2 |
| BANDHAN BANK LTD | 1,007.33 | 24.30 | 24,478.7 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs ICICI BANK 's P/E Ratio
| Top 10 Industry Peers | PE 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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