ICICI BANK
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The Current P/E Ratio of ICICI BANK is 17.49.
Share Price | ₹1,119.7 | May 31,2024 |
Market Cap | ₹787,360.3 Cr | |
Earnings-TTM | ₹45,006.7 Cr | TTM-Consolidated Results |
Price/Earnings | 17.49x | 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 [ ₹787,360.3 Cr] as on May 31,2024
(/) Earnings [ ₹45,006.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.49x ]
Thus, for ICICI BANK , the investors are currently willing to pay 17.49 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 Mar2023 to Mar2019 averaged 28.50x.
- ICICI BANK 's operated at median p/e ratio of 21.87x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ICICI BANK 's p/e ratio peaked in Mar2019 at 60.44x.
- ICICI BANK 's p/e ratio hit its five-year low in Mar2023 of 18x.
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 | 45,006.70 | 17.49 | 787,360.3 |
HDFC BANK LTD | 65,446.50 | 17.79 | 1,164,080.0 |
KOTAK MAHINDRA BANK LTD | 17,976.80 | 18.57 | 333,916.0 |
AXIS BANK LTD | 26,423.50 | 13.58 | 358,883.0 |
INDUSIND BANK LTD | 8,976.99 | 12.66 | 113,641.0 |
IDBI BANK LTD | 5,763.42 | 15.96 | 92,008.3 |
YES BANK LTD | 1,285.20 | 56.05 | 72,033.5 |
IDFC FIRST BANK LTD | 2,942.35 | 18.38 | 54,084.6 |
AU SMALL FINANCE BANK LTD | 1,534.72 | 31.58 | 48,469.3 |
THE FEDERAL BANK LTD | 3,927.53 | 10.06 | 39,525.4 |
BANDHAN BANK LTD | 2,229.56 | 13.59 | 30,310.4 |
Bank - Private Industry Benchmark (Top 10) PE Analysis vs ICICI BANK 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 10.06x |
Max industry PE | 56.05x |
Median industry PE | 17.49x |
Average industry PE | 20.52x |
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