ICICI Bank P/B Ratio

ICICIBANK • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
2.92
Moderate Valuation
High - Premium to book value, growth expectations or asset-light model

Current Valuation Metrics

P/B Ratio 2.92
Current Price ₹1396.30
Book Value/Share ₹2306.97
Exchange NSE

Book Value Breakdown (2025)

Balance Sheet Components
Total Equity ₹328,743 Cr
Share Capital ₹1,425 Cr
Reserves & Surplus ₹312,481 Cr
Outstanding Shares 1,425,000,000
Book Value per Share ₹2306.97

Valuation Signal

Signal Overvalued
Historical Avg 0.63
Historical Range 0.58 - 0.67
Percentile 100.0%

Sector Context

Sector Average 1.46
Sector Median 1.29
Sector Rank #11 of 40
Sector Percentile 27.5%

Key P/B Ratio Insights for ICICI Bank

  • Current PB is 363.5% above historical average
  • Trading at premium to sector average PB of 1.46

View the current stock price of ICICI Bank for more insights.

P/B Ratio Historical Trend for ICICI Bank

Historical P/B ratio trend based on balance sheet data. P/B below 1.0 may indicate undervaluation, while higher ratios suggest growth expectations or asset-light business models.

Historical P/B Ratio Data

Year P/B Ratio Book Value/Share (₹) Year-end Price (₹) Total Equity (₹ Cr) Valuation
2025 0.58 ₹2306.97 ₹1342.90 ₹328,743 Low
2024 0.67 ₹1921.94 ₹1281.65 ₹270,032 Low
2023 0.63 ₹1583.29 ₹996.60 ₹221,185 Low
2022 0.66 ₹1352.76 ₹890.85 ₹188,033 Low
2021 0.61 ₹1208.79 ₹740.15 ₹167,176 Low

Sector P/B Ratio Comparison

Comparing ICICI Bank with other companies in Banks sector
Sector Average
1.46
Sector Median
1.29
Lowest P/B
0.62
Highest P/B
4.06
Companies
40
Company Symbol P/B Ratio Market Cap (₹ Cr) Valuation
Karnataka Bank KTKBANK 0.62 ₹7,574 Low
Suryoday Small Finance B… SURYODAY 0.72 ₹1,433 Low
Dhanlaxmi Bank DHANBANK 0.74 ₹950 Low
Utkarsh Small Finance Ba… UTKARSHBNK 0.75 ₹2,502 Low
Jammu & Kashmir Bank J&KBANK 0.8 ₹11,364 Low
Capital Small Finance Ba… CAPITALSFB 0.84 ₹1,188 Low
ESAF Small Finance Bank ESAFSFB 0.84 ₹1,505 Low
Jana Small Finance Bank JSFB 0.85 ₹3,707 Low
Bank of Baroda BANKBARODA 0.91 ₹150,590 Low
Central Bank of India CENTRALBK 0.94 ₹34,251 Low