ICICI Bank Limited (IBN) P/E Ratio History
ExpensiveTrading at 19.2x vs 5Y avg 0.2x · 100th percentile · Material premium to history · Data 2015–2026
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P/E Ratio Analysis
As of July 7, 2026, ICICI Bank Limited (IBN) trades at a price-to-earnings ratio of 19.2x, with a stock price of $30.08 and trailing twelve-month earnings per share of $145.98.
The current P/E is 8402% above its 5-year average of 0.2x. Over the past five years, IBN's P/E has ranged from a low of 0.2x to a high of 0.3x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 14.3x, IBN trades at a 34% premium to its sector peers. The sector includes 800 companies with P/E ratios ranging from 0.0x to 160.4x.
The PEG ratio of 0.85 (P/E divided by 5% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, IBN trades at a notable discount to the S&P 500 median P/E of 25.6x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our IBN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
IBN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
IBN P/E vs Peers
Non-US regional and universal banks peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $141B | 5.6Lowest | 0.14Best | +236%Best | |
| $91B | 10.9 | 0.53 | +4% | |
| $37B | 8.3 | 1.02 | +34% | |
| $40B | 11.4 | 0.96 | +20% | |
| $33B | 11.0 | 1.36 | +16% | |
| $425B | 15.7 | 1.02 | +19% | |
| $247B | 20.6 | 2.53 | +17% | |
| $905B | 16.8 | 0.95 | +2% | |
| $339B | 16.3 | 0.36 | -2% | |
| $96B | 11.8 | 0.30 | +29% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
IBN Historical P/E Data (2015–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Jun 30 2025 | $33.64 | $147.14 | 0.2x | -16% |
| FY2025 Q4 | Mar 31 2025 | $31.52 | $142.36 | 0.2x | -19% |
| FY2025 Q3 | - | $29.86 | $137.32 | 0.2x | -20% |
| FY2025 Q2 | Sep 30 2024 | $29.85 | $132.32 | 0.2x | -17% |
| FY2025 Q1 | Jun 30 2024 | $28.81 | $126.76 | 0.2x | -16% |
| FY2024 Q4 | Mar 31 2024 | $26.41 | $123.94 | 0.2x | -22% |
| FY2024 Q3 | Dec 31 2023 | $23.84 | $118.98 | 0.2x | -26% |
| FY2024 Q2 | Sep 30 2023 | $23.12 | $112.74 | 0.2x | -25% |
| FY2024 Q1 | Jun 30 2023 | $23.08 | $104.70 | 0.2x | -19% |
| FY2023 Q4 | Mar 31 2023 | $21.58 | $95.70 | 0.2x | -17% |
| FY2023 Q3 | Dec 31 2022 | $21.89 | $89.78 | 0.2x | -10% |
| FY2023 Q2 | Sep 30 2022 | $20.97 | $83.50 | 0.3x | -8% |
| FY2023 Q1 | - | $17.74 | $78.20 | 0.2x | -17% |
| FY2022 Q4 | - | $18.94 | $84.34 | 0.2x | -17% |
| FY2022 Q3 | Dec 31 2021 | $19.79 | $76.44 | 0.3x | -5% |
| FY2022 Q2 | - | $18.87 | $89.38 | 0.2x | -22% |
| FY2022 Q1 | Jun 30 2021 | $17.10 | $86.60 | 0.2x | -27% |
| FY2021 Q4 | Mar 31 2021 | $16.03 | $69.16 | 0.2x | -15% |
| FY2021 Q3 | - | $14.86 | $59.10 | 0.3x | -8% |
| FY2021 Q2 | Sep 30 2020 | $9.83 | $41.92 | 0.2x | -14% |
| FY2021 Q1 | - | $9.29 | $30.94 | 0.3x | +10% |
| FY2020 Q4 | - | $8.50 | $29.08 | 0.3x | +7% |
| FY2020 Q3 | - | $15.09 | $28.86 | 0.5x | +92% |
| FY2020 Q2 | Sep 30 2019 | $12.18 | $20.42 | 0.6x | +119% |
| FY2020 Q1 | Jun 30 2019 | $12.59 | $20.68 | 0.6x | +124% |
| FY2019 Q4 | Mar 31 2019 | $11.46 | $13.04 | 0.9x | +223% |
| FY2019 Q3 | Dec 31 2018 | $10.29 | $12.98 | 0.8x | +191% |
| FY2019 Q2 | Sep 30 2018 | $8.49 | $12.86 | 0.7x | +143% |
| FY2019 Q1 | Jun 30 2018 | $8.03 | $15.56 | 0.5x | +90% |
| FY2018 Q4 | Mar 31 2018 | $8.85 | $23.26 | 0.4x | +40% |
| FY2018 Q3 | Dec 31 2017 | $9.73 | $26.22 | 0.4x | +36% |
| FY2018 Q2 | Sep 30 2017 | $8.56 | $28.70 | 0.3x | +10% |
| FY2018 Q1 | Jun 30 2017 | $8.97 | $68.66 | 0.1x | -52% |
| FY2017 Q4 | Mar 31 2017 | $7.82 | $100.12 | 0.1x | -71% |
| FY2017 Q3 | Dec 31 2016 | $6.81 | $99.92 | 0.1x | -75% |
| FY2017 Q2 | Sep 30 2016 | $6.79 | $101.52 | 0.1x | -75% |
| FY2017 Q1 | - | $6.53 | $108.26 | 0.1x | -78% |
| FY2016 Q4 | - | $6.51 | $119.26 | 0.1x | -80% |
| FY2016 Q3 | - | $7.12 | $122.56 | 0.1x | -79% |
| FY2016 Q2 | Sep 30 2015 | $7.62 | $163.50 | 0.0x | -83% |
| FY2016 Q1 | - | $9.47 | $119.94 | 0.1x | -71% |
| FY2015 Q4 | - | $9.42 | $78.60 | 0.1x | -56% |
| FY2015 Q3 | Dec 31 2014 | $10.50 | $77.56 | 0.1x | -50% |
| FY2015 Q2 | - | $8.93 | $34.72 | 0.3x | -6% |
| FY2015 Q1 | Jun 30 2014 | $9.07 | $25.29 | 0.4x | +32% |
Average P/E for displayed period: 0.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
IBN — Frequently Asked Questions
Quick answers to the most common questions about buying IBN stock.
What is IBN's P/E ratio?
ICICI Bank Limited (IBN) trailing twelve-month P/E ratio is 19.2x, based on TTM diluted EPS of $145.98. The 5-year average P/E is 0.2x and the historical range spans 0.2x to 0.3x.
Is IBN stock overvalued or undervalued?
IBN trades at 19.2x P/E, above its 5-year average of 0.2x. The 100th percentile ranking within the 0.2x–0.3x historical range indicates a premium to historical valuation.
Is IBN stock expensive?
Yes, IBN is expensive relative to its own history. The current P/E of 19.2x is above the 5-year average of 0.2x and also above the Financial Services sector median of 14.3x. The stock sits at the 100th percentile of its 5-year valuation range.
What is IBN's historical P/E range?
Over the past 5 years, IBN's P/E ratio has ranged from 0.2x to 0.3x, with a median of 0.2x and an average of 0.2x. The current P/E of 19.2x places the stock at the 100th percentile of this range. Full historical data spans 2015–2026.
How does IBN's P/E compare to the S&P 500?
IBN trades at 19.2x P/E versus the S&P 500 median of 25.6x. The 25% discount to the market suggests lower growth expectations or perceived higher risk.
How does IBN's valuation compare to Financial Services peers?
ICICI Bank Limited P/E of 19.2x compares to the Financial Services sector median of 14.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is IBN's PEG ratio?
IBN PEG ratio is 0.85, based on a P/E of 19.2x and EPS growth of 5.1%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is IBN's earnings yield?
IBN earnings yield is 5.21%, the inverse of its 19.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.