ICRA P/B Ratio
ICRA (ICRA) P/B ratio is 4.41 (High), book value per share ₹1181.00 vs Financial Services average P/B of -3.85 — Very High - Significant premium, high growth expectations or speculative. Compare with ICRA DCF valuation to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
ICRA P/B Ratio — Valuation Insights & Book Value Analysis
ICRA price-to-book ratio interpretation, valuation status and historical context — current P/B 4.41 (High). For live price, earnings yield and the full fundamental profile, see ICRA stock price BSE.
- Stock appears overvalued with PB of 4.41, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 21.8% below historical average
- Trading at premium to sector average PB of -3.85
ICRA P/B Ratio Historical Trend
ICRA annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View ICRA 52-week for the annual high/low range and current price position.
ICRA Historical P/B Ratio — Book Value Per Share & Year-End Price
ICRA annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 4.56 | ₹1181.0 | ₹5390.00 | ₹1,181 | High |
| 2025 | 5.74 | ₹1058.0 | ₹6075.50 | ₹1,058 | High |
| 2024 | 6.51 | ₹981.0 | ₹6385.95 | ₹981 | High |
| 2023 | 5.99 | ₹955.0 | ₹5719.75 | ₹955 | High |
| 2022 | 5.41 | ₹848.0 | ₹4585.90 | ₹848 | High |
ICRA vs Financial Services Peers — P/B Ratio Comparison
ICRA P/B 4.41 vs Financial Services average -3.85, median -0.03 — range -91.12–0.15.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Mena Mani Industries | MENAMANI | -91.12 | ₹72 | Low |
| Manraj Housing Finance | MANRAJH | -29.76 | ₹21 | Low |
| Blue Chip | BLUECHIP | -28.88 | ₹18 | Low |
| Trustwave Securities | TRUSTWAVE | -13.82 | ₹15 | Low |
| Gujarat Lease Financing | GLFL | -4.71 | ₹17 | Low |
| CMX Holdings | CMXLTD | -4.6 | ₹26 | Low |
| Classic Leasing & Finance | CLFL | -4.13 | ₹15 | Low |
| Roselabs Finance | ROSELABS | -4.07 | ₹21 | Low |
| Manipal Finance | MNPLFIN | -2.49 | ₹19 | Low |
| Reliance Home Finance | RHFL | -2.36 | ₹131 | Low |