IBN
ICICI Bank Limited
Banks - Regional
Market Cap$95.70B
5Y Perf.+207.5%
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Stock Comparison
IBN vs SHG
Revenue, margins, valuation, and 5-year total return — side by side.
SHG
Shinhan Financial Group Co., Ltd.
Banks - Regional
Market Cap$34.14B
5Y Perf.+179.6%
IBN vs SHG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | IBN | SHG |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $95.70B | $34.14B |
| Revenue (TTM) | $2.95T | $39.77T |
| Net Income (TTM) | $528.91B | $5.00T |
| Gross Margin | 68.1% | 53.3% |
| Operating Margin | 24.8% | 17.9% |
| Forward P/E | 0.2x | 0.0x |
| Total Debt | $2.04T | $154.21T |
| Cash & Equiv. | $2.38T | $21.14T |
IBN vs SHG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
IBN
SHG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ICICI Bank Limited (IBN) | 100 | 307.5 | +207.5% |
| Shinhan Financial G… (SHG) | 100 | 279.6 | +179.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IBN vs SHG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SHG leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. ICICI Bank Limited is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
IBN
ICICI Bank Limited
The Banking Pick
IBN is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 4 yrs, beta 0.59, yield 0.8%
- Rev growth 25.2%, EPS growth 14.6%
- 362.5% 10Y total return vs SHG's 148.8%
Best for: income & stability and growth exposure
SHG
Shinhan Financial Group Co., Ltd.
The Banking Pick
SHG carries the broadest edge in this set and is the clearest fit for valuation efficiency and defensive.
- PEG 0.00 vs IBN's 0.01
- Beta 0.89, yield 2.6%, current ratio 0.36x
- Lower P/E (0.0x vs 0.2x), PEG 0.00 vs 0.01
Best for: valuation efficiency and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | IBN | 25.2% NII/revenue growth vs SHG's 12.4% |
| Value | SHG | Lower P/E (0.0x vs 0.2x), PEG 0.00 vs 0.01 |
| Quality / Margins | SHG | Efficiency ratio 0.4% vs IBN's 0.4% (lower = leaner) |
| Stability / Safety | IBN | Beta 0.59 vs SHG's 0.89, lower leverage |
| Dividends | IBN | 0.8% yield, 4-year raise streak, vs SHG's 2.6% |
| Momentum (1Y) | SHG | +90.4% vs IBN's -20.2% |
| Efficiency (ROA) | SHG | Efficiency ratio 0.4% vs IBN's 0.4% |
IBN vs SHG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIBNLAGGINGSHG
SHGShinhan Financial Gro…
2leads
IBNICICI Bank Limited
2leads
6 Total Categories
CATEGORYLEADERvs SHGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
IBN4/5
Valuation MetricsMultiples, price ratios, and targets
SHG5/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IBN8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SHG5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
IBN leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
SHG is the larger business by revenue, generating $39.77T annually — 13.5x IBN's $2.95T. Profitability is closely matched — net margins range from 17.3% (IBN) to 12.7% (SHG).
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| RevenueTrailing 12 months | $2.95T | $39.77T |
| EBITDAEarnings before interest/tax | $782.4B | $8.41T |
| Net IncomeAfter-tax profit | $528.9B | $5.00T |
| Free Cash FlowCash after capex | $0 | -$10.55T |
| Gross MarginGross profit ÷ Revenue | +68.1% | +53.3% |
| Operating MarginEBIT ÷ Revenue | +24.8% | +17.9% |
| Net MarginNet income ÷ Revenue | +17.3% | +12.7% |
| FCF MarginFCF ÷ Revenue | +26.3% | +15.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +14.6% | +48.3% |
IBN leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
SHG leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 9.6x trailing earnings, SHG trades at a 46% valuation discount to IBN's 17.9x P/E. Adjusting for growth (PEG ratio), IBN offers better value at 0.48x vs SHG's 1.03x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| Market CapShares × price | $95.7B | $34.1B |
| Enterprise ValueMkt cap + debt − cash | $92.1B | $125.6B |
| Trailing P/EPrice ÷ TTM EPS | 17.87x | 9.61x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.19x | 0.01x |
| PEG RatioP/E ÷ EPS growth rate | 0.48x | 1.03x |
| EV / EBITDAEnterprise value multiple | 11.56x | 22.51x |
| Price / SalesMarket cap ÷ Revenue | 3.09x | 1.25x |
| Price / BookPrice ÷ Book value/share | 2.77x | 0.89x |
| Price / FCFMarket cap ÷ FCF | 11.75x | 8.02x |
SHG leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
IBN leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
IBN delivers a 15.3% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $8 for SHG. IBN carries lower financial leverage with a 0.62x debt-to-equity ratio, signaling a more conservative balance sheet compared to SHG's 2.77x. On the Piotroski fundamental quality scale (0–9), SHG scores 9/9 vs IBN's 7/9, reflecting strong financial health.
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| ROE (TTM)Return on equity | +15.3% | +8.5% |
| ROA (TTM)Return on assets | +2.0% | +0.7% |
| ROICReturn on invested capital | +10.9% | +2.5% |
| ROCEReturn on capital employed | +7.8% | +1.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 9 |
| Debt / EquityFinancial leverage | 0.62x | 2.77x |
| Net DebtTotal debt minus cash | -$346.5B | $133.07T |
| Cash & Equiv.Liquid assets | $2.38T | $21.14T |
| Total DebtShort + long-term debt | $2.04T | $154.21T |
| Interest CoverageEBIT ÷ Interest expense | 1.09x | 0.41x |
IBN leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SHG leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SHG five years ago would be worth $20,903 today (with dividends reinvested), compared to $16,574 for IBN. Over the past 12 months, SHG leads with a +90.4% total return vs IBN's -20.2%. The 3-year compound annual growth rate (CAGR) favors SHG at 39.5% vs IBN's 5.9% — a key indicator of consistent wealth creation.
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| YTD ReturnYear-to-date | -10.8% | +27.7% |
| 1-Year ReturnPast 12 months | -20.2% | +90.4% |
| 3-Year ReturnCumulative with dividends | +18.9% | +171.7% |
| 5-Year ReturnCumulative with dividends | +65.7% | +109.0% |
| 10-Year ReturnCumulative with dividends | +362.5% | +148.8% |
| CAGR (3Y)Annualised 3-year return | +5.9% | +39.5% |
SHG leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — IBN and SHG each lead in 1 of 2 comparable metrics.
Risk & Volatility
IBN is the less volatile stock with a 0.59 beta — it tends to amplify market swings less than SHG's 0.89 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHG currently trades 93.3% from its 52-week high vs IBN's 77.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.59x | 0.89x |
| 52-Week HighHighest price in past year | $34.57 | $73.40 |
| 52-Week LowLowest price in past year | $25.08 | $35.96 |
| % of 52W HighCurrent price vs 52-week peak | +77.4% | +93.3% |
| RSI (14)Momentum oscillator 0–100 | 33.3 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 6.3M | 305K |
Evenly matched — IBN and SHG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — IBN and SHG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates IBN as "Buy" and SHG as "Buy". For income investors, SHG offers the higher dividend yield at 2.65% vs IBN's 0.78%.
| Metric | IBNICICI Bank Limited | SHGShinhan Financial… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 6 | 2 |
| Dividend YieldAnnual dividend ÷ price | +0.8% | +2.6% |
| Dividend StreakConsecutive years of raises | 4 | 1 |
| Dividend / ShareAnnual DPS | $19.86 | $2641.09 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.5% |
Evenly matched — IBN and SHG each lead in 1 of 2 comparable metrics.
Key Takeaway
IBN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SHG leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Best OverallICICI Bank Limited (IBN)Leads 2 of 6 categories
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IBN vs SHG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is IBN or SHG a better buy right now?
For growth investors, ICICI Bank Limited (IBN) is the stronger pick with 25.
2% revenue growth year-over-year, versus 12. 4% for Shinhan Financial Group Co. , Ltd. (SHG). Shinhan Financial Group Co. , Ltd. (SHG) offers the better valuation at 9. 6x trailing P/E (0. 0x forward), making it the more compelling value choice. Analysts rate ICICI Bank Limited (IBN) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — IBN or SHG?
On trailing P/E, Shinhan Financial Group Co.
, Ltd. (SHG) is the cheapest at 9. 6x versus ICICI Bank Limited at 17. 9x. On forward P/E, Shinhan Financial Group Co. , Ltd. is actually cheaper at 0. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Shinhan Financial Group Co. , Ltd. wins at 0. 00x versus ICICI Bank Limited's 0. 01x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — IBN or SHG?
Over the past 5 years, Shinhan Financial Group Co.
, Ltd. (SHG) delivered a total return of +109. 0%, compared to +65. 7% for ICICI Bank Limited (IBN). Over 10 years, the gap is even starker: IBN returned +362. 5% versus SHG's +148. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — IBN or SHG?
By beta (market sensitivity over 5 years), ICICI Bank Limited (IBN) is the lower-risk stock at 0.
59β versus Shinhan Financial Group Co. , Ltd. 's 0. 89β — meaning SHG is approximately 52% more volatile than IBN relative to the S&P 500. On balance sheet safety, ICICI Bank Limited (IBN) carries a lower debt/equity ratio of 62% versus 3% for Shinhan Financial Group Co. , Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — IBN or SHG?
By revenue growth (latest reported year), ICICI Bank Limited (IBN) is pulling ahead at 25.
2% versus 12. 4% for Shinhan Financial Group Co. , Ltd. (SHG). On earnings-per-share growth, the picture is similar: Shinhan Financial Group Co. , Ltd. grew EPS 23. 0% year-over-year, compared to 14. 6% for ICICI Bank Limited. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — IBN or SHG?
ICICI Bank Limited (IBN) is the more profitable company, earning 17.
3% net margin versus 12. 7% for Shinhan Financial Group Co. , Ltd. — meaning it keeps 17. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IBN leads at 24. 8% versus 17. 9% for SHG. At the gross margin level — before operating expenses — IBN leads at 68. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is IBN or SHG more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Shinhan Financial Group Co. , Ltd. (SHG) is the more undervalued stock at a PEG of 0. 00x versus ICICI Bank Limited's 0. 01x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Shinhan Financial Group Co. , Ltd. (SHG) trades at 0. 0x forward P/E versus 0. 2x for ICICI Bank Limited — 0. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — IBN or SHG?
All stocks in this comparison pay dividends.
Shinhan Financial Group Co. , Ltd. (SHG) offers the highest yield at 2. 6%, versus 0. 8% for ICICI Bank Limited (IBN).
09Is IBN or SHG better for a retirement portfolio?
For long-horizon retirement investors, ICICI Bank Limited (IBN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
59), 0. 8% yield, +362. 5% 10Y return). Both have compounded well over 10 years (IBN: +362. 5%, SHG: +148. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between IBN and SHG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: IBN is a mid-cap high-growth stock; SHG is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(IBN: 25.2% · SHG: 12.4%)Net Margin>
%
(IBN: 17.3% · SHG: 12.7%)P/E Ratio<
x
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