ICICI BANK
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The Current P/E Ratio of ICICI BANK is 17.80.
Share Price | ₹1,248.7 | Nov 19,2024 |
Market Cap | ₹881,057.7 Cr | |
Earnings-TTM | ₹49,494.7 Cr | TTM-Consolidated Results |
Price/Earnings | 17.80x | 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 [ ₹881,057.7 Cr] as on Nov 19,2024
(/) Earnings [ ₹49,494.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.80x ]
Thus, for ICICI BANK , the investors are currently willing to pay 17.80 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 Mar2024 to Mar2020 averaged 19.89x.
- ICICI BANK 's operated at median p/e ratio of 20.21x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2020 at 21.96x.
- 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 | 49,494.70 | 17.80 | 881,057.7 |
HDFC BANK LTD | 71,546.40 | 18.61 | 1,331,360.0 |
KOTAK MAHINDRA BANK LTD | 21,841.80 | 15.81 | 345,334.0 |
AXIS BANK LTD | 27,965.80 | 12.60 | 352,477.0 |
INDUSIND BANK LTD | 8,152.48 | 9.38 | 76,476.3 |
IDBI BANK LTD | 6,723.78 | 12.16 | 81,782.8 |
YES BANK LTD | 1,792.47 | 33.46 | 59,972.3 |
IDFC FIRST BANK LTD | 2,318.57 | 19.87 | 46,074.3 |
AU SMALL FINANCE BANK LTD | 1,819.77 | 24.30 | 44,224.1 |
THE FEDERAL BANK LTD | 4,180.11 | 12.37 | 51,716.1 |
BANDHAN BANK LTD | 2,788.25 | 9.59 | 26,742.1 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs ICICI BANK 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.38x |
Max industry PE | 33.46x |
Median industry PE | 15.81x |
Average industry PE | 16.91x |
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