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

ICICI Bank Limited (IBN) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, ICICI Bank Limited (IBN) trades at a price to free cash flow of 4.9×. Over the past ten years it has ranged from 1.1× (March 2020) to 24.0× (March 2024); the current reading is higher than 85% of that period. That is below the Banks Regional industry median of 10.6× and below the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 3.9× 29.93%
FY2025 3.0× (51.26%)
FY2024 6.1× (6.65%)
FY2023 6.5× 342.58%
FY2022 1.5× 7.16%
FY2021 1.4× 1.68%
FY2020 1.4× (24.92%)
FY2019 1.8× (19.08%)
FY2018 2.2× (11.31%)
FY2017 2.5× (34.37%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 4.1× (5.01%)
Jun 2026 4.3× 12.49%
Mar 2026 3.9× 28.13%
Dec 2025 3.0× (1.28%)
43 more quarters

Against its own ten years

Low 1.1× High 24.0×
Ten-year median 3.0×
Current reading's percentile 85

Price to free cash flow against peers

Company Price to free cash flow
MFG Mizuho Financial Group, Inc. compare n/m
DB Deutsche Bank Aktiengesellschaft compare 1.2×
LYG Lloyds Banking Group PLC compare 2.0×
NWG NatWest Group plc compare 3.6×
HDB HDFC Bank Limited compare 3.7×
IBN ICICI Bank Limited 4.9×
USB U.S. Bancorp compare 7.5×
PNC The PNC Financial Services Group, Inc compare 11.6×
TFC Truist Financial Corporation compare 13.2×
Banks Regional industry median 10.6×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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