ICICI Bank Limited (IBN) Financial Ratios
27 years of historical data (1999–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
11.56
↑+2515% vs avg
5yr avg: 0.44
30Y Low0.3·High81.5
P/FCF
↑
11.75
↑+12333% vs avg
5yr avg: 0.09
30Y Low0.0·High0.6
P/B Ratio
↑
2.77
↑+7948% vs avg
5yr avg: 0.03
30Y Low0.0·High0.8
ROE
↑
17.0%
↓+9% vs avg
5yr avg: 15.6%
30Y Low-14%·High20%
Debt/EBITDA
↓
2.69
↓-38% vs avg
5yr avg: 4.34
30Y Low2.0·High30.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IBN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ICICI Bank Limited trades at 17.9x earnings, 7197% above its 5-year average of 0.2x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 11.8x P/FCF, 12333% above the 5-year average of 0.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $95.7B | $113.0B | $94.2B | $76.7B | $67.0B | $54.8B | $28.7B | $38.6B | $29.8B | $26.4B | $21.9B |
| Enterprise Value | $92.1B | $-233499000080 | $202.9B | $276.1B | $-483523128320 | $-357863429085 | $426.1B | $881.1B | $1.00T | $828.4B | $1.16T |
| P/E Ratio → | 17.87 | 0.22 | 0.21 | 0.23 | 0.27 | 0.30 | 0.29 | 0.91 | 0.37 | 0.25 | 0.21 |
| P/S Ratio | 3.09 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| P/B Ratio | 2.77 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| P/FCF | 11.75 | 0.15 | 0.06 | 0.14 | 0.09 | 0.04 | 0.05 | 0.08 | 0.10 | 0.07 | 0.08 |
| P/OCF | 11.06 | 0.14 | 0.06 | 0.13 | 0.08 | 0.04 | 0.04 | 0.08 | 0.10 | 0.07 | 0.08 |
P/E links to full P/E history page with 30-year chart
IBN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ICICI Bank Limited's enterprise value stands at 11.6x EBITDA, 2515% above its 5-year average of 0.4x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.08 | 0.09 | 0.15 | -0.31 | -0.22 | 0.28 | 0.67 | 0.84 | 0.73 | 1.15 |
| EV / EBITDA | 11.56 | -0.31 | 0.32 | 0.56 | -1.73 | -1.64 | 3.38 | 13.08 | 9.89 | 6.69 | 9.79 |
| EV / EBIT | 11.99 | -0.14 | 0.33 | 0.58 | -1.82 | -1.76 | 3.80 | 15.49 | 11.02 | 7.30 | 10.64 |
| EV / FCF | — | -0.30 | 0.13 | 0.50 | -0.62 | -0.26 | 0.67 | 1.94 | 3.47 | 2.28 | 4.33 |
IBN Profitability
Margins and return-on-capital ratios measuring operating efficiency
ICICI Bank Limited earns an operating margin of 24.8%, above the Financial Services sector average of 21.2%. ROE of 17.0% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 10.9% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.1% | 68.1% | 68.1% | 69.6% | 62.8% | 59.9% | 55.2% | 53.3% | 54.5% | 52.5% | 51.0% |
| Operating Margin | 24.8% | 24.8% | 26.1% | 25.6% | 16.8% | 12.6% | 7.5% | 4.3% | 7.6% | 10.0% | 10.8% |
| Net Profit Margin | 17.3% | 17.3% | 18.8% | 18.4% | 15.9% | 11.4% | 6.4% | 3.2% | 6.5% | 9.0% | 10.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.0% | 17.0% | 18.0% | 16.6% | 14.1% | 12.4% | 7.6% | 3.6% | 6.8% | 9.8% | 11.0% |
| ROA | 2.0% | 2.0% | 2.0% | 1.8% | 1.5% | 1.2% | 0.7% | 0.4% | 0.7% | 1.1% | 1.2% |
| ROIC | 10.9% | 10.9% | 10.5% | 9.4% | 6.1% | 4.8% | 2.6% | 1.3% | 2.2% | 2.8% | 2.8% |
| ROCE | 7.8% | 7.8% | 7.6% | 6.9% | 4.2% | 3.5% | 2.0% | 1.0% | 1.8% | 2.4% | 2.4% |
IBN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ICICI Bank Limited carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (35% below the sector average of 4.1x). The company holds a net cash position — cash of $2.4T exceeds total debt of $2.0T, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.74 | 0.83 | 0.84 | 0.84 | 1.54 | 1.68 | 1.84 | 1.70 | 2.14 |
| Debt / EBITDA | 2.69 | 2.69 | 3.17 | 3.75 | 5.66 | 6.42 | 15.84 | 30.09 | 21.21 | 15.03 | 17.55 |
| Net Debt / Equity | — | -0.11 | 0.04 | 0.09 | -0.29 | -0.25 | 0.31 | 0.70 | 0.83 | 0.73 | 1.17 |
| Net Debt / EBITDA | -0.46 | -0.46 | 0.17 | 0.41 | -1.97 | -1.89 | 3.16 | 12.51 | 9.59 | 6.48 | 9.60 |
| Debt / FCF | — | -0.45 | 0.07 | 0.36 | -0.71 | -0.30 | 0.63 | 1.85 | 3.37 | 2.20 | 4.25 |
| Interest Coverage | 0.82 | 0.82 | 0.83 | 0.93 | 0.64 | 0.48 | 0.25 | 0.15 | 0.27 | 0.33 | 0.32 |
Net cash position: cash ($2.38T) exceeds total debt ($2.04T)
IBN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.19x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.4T cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.19 | 0.18 | 0.19 | 0.25 | 0.23 | 0.27 | 0.24 | 0.27 | 0.26 | 0.26 |
| Quick Ratio | 0.19 | 0.19 | 0.18 | 0.19 | 0.25 | 0.23 | 0.27 | 0.24 | 0.27 | 0.26 | 0.26 |
| Cash Ratio | 0.14 | 0.14 | 0.13 | 0.13 | 0.19 | 0.19 | 0.20 | 0.17 | 0.20 | 0.20 | 0.21 |
| Asset Turnover | — | 0.11 | 0.10 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
IBN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ICICI Bank Limited returns 0.8% to shareholders annually primarily through dividends. The payout ratio of 14.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 63.0% | 59.4% | 46.4% | 21.0% | — | 33.3% | 29.9% | 58.0% | 100.0% | 100.0% |
| Payout Ratio | 14.0% | 14.0% | 12.7% | 10.4% | 5.6% | — | 10.0% | 27.2% | 22.5% | 32.5% | 34.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 451.4% | 469.9% | 444.0% | 374.8% | 335.2% | 342.4% | 110.1% | 268.7% | 405.4% | 486.3% |
| FCF Yield | 8.5% | 684.6% | 1631.0% | 720.0% | 1159.6% | 2486.0% | 2214.5% | 1176.6% | 968.0% | 1379.6% | 1223.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.8% | 63.0% | 59.4% | 46.4% | 21.0% | 0.0% | 33.3% | 29.9% | 58.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $3.6B | $3.6B | $3.6B | $3.5B | $3.4B | $3.4B | $3.4B | $3.4B | $3.4B | $3.4B |
Peer Comparison
Compare IBN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IBNYou | $96B | 17.9 | 11.6 | 11.8 | 68.1% | 24.8% | 17.0% | 10.9% | 2.7 |
 HDB | $196B | 17.6 | 24.7 | 16.5 | 52.2% | 20.5% | 8.2% | 4.0% | 8.1 |
 ITUB | $93B | 10.6 | 20.9 | 3.6 | 34.5% | 13.1% | 20.6% | 3.2% | 17.6 |
 BBD | $41B | 8.7 | — | — | 34.6% | -1.1% | 13.3% | -0.3% | — |
 KB | $39B | 10.6 | 6.7 | — | 49.1% | 16.8% | 9.7% | 4.9% | — |
 SHG | $34B | 9.6 | 22.5 | 8.0 | 53.3% | 17.9% | 8.8% | 2.5% | 19.0 |
 BAC | $408B | 14.0 | 14.8 | 32.3 | 55.4% | 18.5% | 10.2% | 3.2% | 10.0 |
 C | $223B | 21.4 | 25.1 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 JPM | $849B | 15.9 | 13.6 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
 HSBC | $314B | 15.1 | 16.4 | 12.5 | 54.6% | 20.3% | 11.8% | 4.0% | 15.5 |
 BCS | $82B | 10.8 | 4.8 | — | 108.6% | 37.3% | 9.5% | 2.7% | 21.0 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
Full IBN Stock Analysis
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Start ComparisonIBN — Frequently Asked Questions
Quick answers to the most common questions about buying IBN stock.
What is ICICI Bank Limited's P/E ratio?
ICICI Bank Limited's current P/E ratio is 17.9x. The historical average is 0.6x. This places it at the 100th percentile of its historical range.
What is ICICI Bank Limited's EV/EBITDA?
ICICI Bank Limited's current EV/EBITDA is 11.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
What is ICICI Bank Limited's ROE?
ICICI Bank Limited's return on equity (ROE) is 17.0%. The historical average is 11.7%.
Is IBN stock overvalued?
Based on historical data, ICICI Bank Limited is trading at a P/E of 17.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ICICI Bank Limited's dividend yield?
ICICI Bank Limited's current dividend yield is 0.78% with a payout ratio of 14.0%.
What are ICICI Bank Limited's profit margins?
ICICI Bank Limited has 68.1% gross margin and 24.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does ICICI Bank Limited have?
ICICI Bank Limited's Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.