ICICI Bank Limited (IBN) Financial Ratios
27 years of historical data (1999–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.17
↑+2652% vs avg
5yr avg: 0.44
30Y Low0.3·High81.5
P/FCF
↑
12.35
↑+12959% vs avg
5yr avg: 0.09
30Y Low0.0·High0.6
P/B Ratio
↑
2.88
↑+8247% 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 18.5x earnings, 7468% 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 13.6x, the stock trades at a premium of 36%. On a free-cash-flow basis, the stock trades at 12.3x P/FCF, 12959% 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 | $101.2B | $113.0B | $94.2B | $76.7B | $67.0B | $54.8B | $28.7B | $38.6B | $29.8B | $26.4B | $21.9B |
| Enterprise Value | $97.6B | $-233499000080 | $202.9B | $276.1B | $-483523128320 | $-357863429085 | $426.1B | $881.1B | $1.00T | $828.4B | $1.16T |
| P/E Ratio → | 18.54 | 0.22 | 0.21 | 0.23 | 0.27 | 0.30 | 0.29 | 0.91 | 0.37 | 0.25 | 0.21 |
| P/S Ratio | 3.24 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| P/B Ratio | 2.88 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| P/FCF | 12.35 | 0.15 | 0.06 | 0.14 | 0.09 | 0.04 | 0.05 | 0.08 | 0.10 | 0.07 | 0.08 |
| P/OCF | 11.62 | 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 12.2x EBITDA, 2652% above its 5-year average of 0.4x. The Financial Services sector median is 11.4x, placing the stock at a 7% premium on an enterprise-value basis.
| 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 | 12.17 | -0.31 | 0.32 | 0.56 | -1.73 | -1.64 | 3.38 | 13.08 | 9.89 | 6.69 | 9.79 |
| EV / EBIT | 12.61 | -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 20.3%. ROE of 17.0% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 10.9% represents solid returns on invested capital versus a sector median of 5.5%.
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 (37% below the sector average of 4.3x). 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 1.8x 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 | 1.82 | 1.82 | 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 5.4% (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% | — | — | — | — | — | — | — | — | — | — |
| 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 | 5.4% | 451.4% | 469.9% | 444.0% | 374.8% | 335.2% | 342.4% | 110.1% | 268.7% | 405.4% | 486.3% |
| FCF Yield | 8.1% | 684.6% | 1631.0% | 720.0% | 1159.6% | 2486.0% | 2214.5% | 1176.6% | 968.0% | 1379.6% | 1223.3% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.8% | — | — | — | — | — | — | — | — | — | — |
| 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 | $101B | 18.5 | 12.2 | 12.3 | 68.1% | 24.8% | 17.0% | 10.9% | 2.7 |
 HDB | $129B | 17.1 | 17.7 | 10.7 | 52.2% | 20.5% | 8.2% | 4.0% | 8.1 |
 ITUB | $86B | 10.2 | 20.6 | 3.5 | 34.5% | 13.1% | 20.6% | 3.2% | 17.6 |
 BBD | $36B | 7.9 | — | — | 34.6% | -1.1% | 13.3% | -0.3% | — |
 KB | $38B | 10.7 | 6.8 | — | 49.1% | 16.8% | 9.7% | 4.9% | — |
 SHG | $31B | 10.4 | 22.0 | 9999.0 | 47.4% | 20.0% | 8.7% | 2.5% | 18.8 |
 BAC | $424B | 14.7 | 14.0 | 33.6 | 56.1% | 19.7% | 10.2% | 3.5% | 9.1 |
 C | $267B | 20.5 | 27.4 | 12.0 | 44.6% | 11.8% | 6.7% | 1.7% | 31.0 |
 JPM | $909B | 16.2 | 18.5 | 9.0 | 59.9% | 26.0% | 16.1% | 4.5% | 11.6 |
 HSBC | $326B | 15.7 | 16.8 | 13.0 | 54.6% | 20.3% | 11.8% | 4.0% | 15.5 |
 BCS | $90B | 12.1 | 5.6 | — | 108.6% | 37.3% | 9.5% | 2.7% | 21.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into IBN consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
IBN — 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 18.5x. 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 12.2x. 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 18.5x. 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 0.75% 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.