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ICBC China Valuation Multiples
Discover revenue and EBITDA valuation multiples for ICBC China and similar public comparables like Bank of America, Agricultural Bank of China, HSBC, China Construction Bank and more.
ICBC China Overview
About ICBC China
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 48%, 40%, and 12% of total revenue, respectively, and 58%, 23%, and 18% of profit before tax in 2024. Overseas banking and other business contributed 13% of total revenue and 11% of profit before tax in 2024.
Founded
1984
HQ
Employees
415.2K
Website
Sectors
Financials (LTM)
EV
$687B
ICBC China Financials
ICBC China reported last 12-month revenue of $117B.
In the same LTM period, ICBC China generated $53B in net income.
Revenue (LTM)
ICBC China P&L
In the most recent fiscal year, ICBC China reported revenue of $121B and net income of $53B.
ICBC China expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $117B | XXX | $121B | XXX | XXX | XXX |
| EBIT Margin | 69% | XXX | 67% | XXX | XXX | XXX |
| Net Profit | $53B | XXX | $53B | XXX | XXX | XXX |
| Net Margin | 45% | XXX | 44% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ICBC China Stock Performance
ICBC China has current market cap of $342B, and enterprise value of $687B.
Market Cap Evolution
ICBC China's stock price is $0.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $687B | $342B | 0.0% | XXX | XXX | XXX | $0.15 |
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Start Free TrialICBC China Valuation Multiples
ICBC China trades at 5.8x EV/Revenue multiple.
EV / Revenue (LTM)
ICBC China Financial Valuation Multiples
As of March 31, 2026, ICBC China has market cap of $342B and EV of $687B.
Equity research analysts estimate ICBC China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ICBC China has a P/E ratio of 6.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $342B | XXX | $342B | XXX | XXX | XXX |
| EV (current) | $687B | XXX | $687B | XXX | XXX | XXX |
| EV/Revenue | 5.8x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | 8.4x | XXX | 8.5x | XXX | XXX | XXX |
| P/E | 6.4x | XXX | 6.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 2.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ICBC China Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
ICBC China Margins & Growth Rates
ICBC China's revenue in the last 12 month grew by 5%.
ICBC China's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
ICBC China Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 1% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | 39% | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ICBC China Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bank of America | XXX | XXX | XXX | XXX | XXX | XXX |
| Agricultural Bank of China | XXX | XXX | XXX | XXX | XXX | XXX |
| HSBC | XXX | XXX | XXX | XXX | XXX | XXX |
| China Construction Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Wells Fargo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ICBC China M&A Activity
ICBC China acquired XXX companies to date.
Last acquisition by ICBC China was on XXXXXXXX, XXXXX. ICBC China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ICBC China
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialICBC China Investment Activity
ICBC China invested in XXX companies to date.
ICBC China made its latest investment on XXXXXXXX, XXXXX. ICBC China invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ICBC China
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ICBC China
| When was ICBC China founded? | ICBC China was founded in 1984. |
| Where is ICBC China headquartered? | ICBC China is headquartered in China. |
| How many employees does ICBC China have? | As of today, ICBC China has over 415K employees. |
| Is ICBC China publicly listed? | Yes, ICBC China is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of ICBC China? | ICBC China trades under 601398 ticker. |
| When did ICBC China go public? | ICBC China went public in 2006. |
| Who are competitors of ICBC China? | ICBC China main competitors are Bank of America, Agricultural Bank of China, HSBC, China Construction Bank. |
| What is the current market cap of ICBC China? | ICBC China's current market cap is $342B. |
| What is the current revenue of ICBC China? | ICBC China's last 12 months revenue is $117B. |
| What is the current revenue growth of ICBC China? | ICBC China revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of ICBC China? | Current revenue multiple of ICBC China is 5.8x. |
| Is ICBC China profitable? | Yes, ICBC China is net-income-positive (as of the last 12 months). |
| What is the current net income of ICBC China? | ICBC China's last 12 months net income is $53B. |
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