Valuation ICICI Bank Limited

Equities

Market Closed - NSE India S.E. Other stock markets 06:05:03 2026-02-13 am EST			5-day change	1st Jan Change
1,414.60 ^INR	-1.08%		+0.60%	+5.34%

Feb. 13	Asian Equities Traded in the US as American Depositary Receipts Advance in Friday Trading	MT
Feb. 12	Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Thursday Trading	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	4,025,735	5,074,452	6,125,394	7,676,081	9,604,233	10,124,425	-	-
Change	-	26.05%	20.71%	25.32%	25.12%	5.42%	-	-
Enterprise Value (EV)	4,025,735	5,074,452	6,125,394	7,676,081	9,604,233	10,124,425	10,124,425	10,124,425
Change	-	26.05%	20.71%	25.32%	25.12%	5.42%	0%	0%
P/E ratio	24.6x	22.1x	19.5x	19.1x	20.5x	20.3x	17.8x	15.5x
PBR	2.73x	2.98x	3.05x	3.22x	3.29x	3.05x	2.66x	2.33x
PEG	-	0.6x	0.5x	0.7x	1.4x	3.47x	1.3x	1x
Capitalization / Revenue	6.95x	7.69x	7.47x	7.89x	8.76x	8.46x	7.42x	6.47x
EV / Revenue	0x	0x	0x	0x	0x	8.46x	7.42x	6.47x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	14x	12.2x	10.5x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2	5	8	10	11	12.07	13.78	15.45
Rate of return	0.34%	0.68%	0.91%	0.91%	0.82%	0.85%	0.97%	1.09%
EPS ²	23.67	32.98	44.89	57.33	65.89	69.75	79.64	91.54
Distribution rate	8.45%	15.2%	17.8%	17.4%	16.7%	17.3%	17.3%	16.9%
Net sales ¹	579,580	659,836	819,600	972,635	1,096,711	1,197,182	1,363,609	1,563,854
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	363,971	392,503	490,868	581,308	672,988	723,353	832,127	966,939
Net income ¹	161,927	233,395	318,965	408,883	472,270	497,054	568,719	653,719
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	582.10	730.30	877.25	1,093.30	1,348.35	1,414.60	1,414.60	1,414.60
Nbr of stocks (in thousands)	6,915,882	6,948,449	6,982,496	7,021,020	7,122,952	7,157,094	-	-
Announcement Date	4/24/21	4/23/22	4/22/23	4/27/24	4/19/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ICICI BANK LIMITED	20.28x	-	-	0.85%	112B
AGRICULTURAL BANK OF CHINA LIMITED	6.04x	-	-	5.16%	322B
ANZ GROUP HOLDINGS LIMITED	16.38x	-	-	4.16%	86.98B
CRÉDIT AGRICOLE S.A.	8.05x	-	-	6.44%	63.81B
CHINA CITIC BANK CORPORATION LIMITED	6.13x	-	-	4.97%	57.28B
INDUSTRIAL BANK CO., LTD.	5.14x	-	-	5.73%	56.64B
PT BANK CENTRAL ASIA TBK	14.62x	-	-	4.63%	52.64B
QATAR NATIONAL BANK (Q.P.S.C.)	10.34x	-	-	4.02%	51.01B
BANK HAPOALIM B.M.	10.77x	-	-	3.66%	35.24B
Average	10.86x			4.4%	93.05B
Weighted average by Cap.	10.11x			4.44%