ICICI Bank Limited
ICICI Bank Limited’s revenue for fiscal 2026 (year ended March 2026) was $35.3 billion, up 1.46% from fiscal 2025. In the quarter to June 2026, revenue fell 3.19%, EPS grew 2.33%, free cash flow fell 61.2% and total debt fell 4.70%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.
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ICICI Bank Limited (IBN) P/E ratio
As of 16 October 2026, ICICI Bank Limited (IBN) trades at a P/E ratio of 18.5×. Over the past ten years it has ranged from 8.1× (February 2016) to 87.2× (June 2019); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2026 | 16.1× | (19.36%) |
| FY2025 | 19.9× | 8.35% |
| FY2024 | 18.4× | (1.03%) |
| FY2023 | 18.6× | (11.60%) |
| FY2022 | 21.0× | (15.98%) |
| FY2021 | 25.0× | (27.31%) |
| FY2020 | 34.5× | (56.56%) |
| FY2019 | 79.3× | 219.56% |
| FY2018 | 24.8× | 41.39% |
| FY2017 | 17.6× | 27.51% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 17.9× | 11.39% |
| Mar 2026 | 16.1× | (13.63%) |
| Dec 2025 | 18.6× | 1.04% |
| Sep 2025 | 18.4× | (10.14%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MFG Mizuho Financial Group, Inc. compare | 2.3× |
| DB Deutsche Bank Aktiengesellschaft compare | 7.6× |
| NWG NatWest Group plc compare | 9.9× |
| USB U.S. Bancorp compare | 11.3× |
| PNC The PNC Financial Services Group, Inc compare | 11.4× |
| LYG Lloyds Banking Group PLC compare | 15.5× |
| HDB HDFC Bank Limited compare | 16.0× |
| IBN ICICI Bank Limited | 18.5× |
| NU Nu Holdings Ltd. compare | 19.7× |
| Banks Regional industry median | 12.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)