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ICICI Bank Limited

IBN Financial Banks Regional

ICICI Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $35.3 billion, up 1.46% from fiscal 2025.

Revenue
+5.71%
EPS
+25.0%
Free cash flow
−61.2%
Total debt
+25.4%

Quarter to September 2026, against a year earlier

32.48 1.22 +3.90%
Market cap
$116.8B
P/E
18.9×
Fwd P/E
—
Dividend yield
0.77%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

ICICI Bank Limited (IBN) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, ICICI Bank Limited (IBN) trades at a P/B ratio of 2.7×. Over the past ten years it has ranged from 1.1× (February 2016) to 3.3× (November 2022); the current reading is higher than 65% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2026 2.2× (24.68%)
FY2025 2.9× 2.90%
FY2024 2.8× 2.34%
FY2023 2.7× 4.32%
FY2022 2.6× 8.82%
FY2021 2.4× 41.95%
FY2020 1.7× (22.30%)
FY2019 2.2× 49.43%
FY2018 1.5× (5.26%)
FY2017 1.5× 10.12%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.3× (6.94%)
Jun 2026 2.5× 14.35%
Mar 2026 2.2× (17.07%)
Dec 2025 2.6× (2.48%)
43 more quarters

Against its own ten years

Low 1.1× High 3.3×
Ten-year median 2.4×
Current reading's percentile 62

P/B ratio against peers

Company P/B ratio
MFG Mizuho Financial Group, Inc. compare 0.2×
DB Deutsche Bank Aktiengesellschaft compare 0.7×
TFC Truist Financial Corporation compare 1.1×
NWG NatWest Group plc compare 1.1×
LYG Lloyds Banking Group PLC compare 1.2×
PNC The PNC Financial Services Group, Inc compare 1.5×
USB U.S. Bancorp compare 1.6×
HDB HDFC Bank Limited compare 1.9×
IBN ICICI Bank Limited 2.7×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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