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ICICI Bank Valuation Multiples

Discover revenue and EBITDA valuation multiples for ICICI Bank and similar public comparables like Abu Dhabi Commercial Bank, National Bank of Fujairah, and Abu Dhabi Islamic Bank.

ICICI Bank Overview

About ICICI Bank

ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.


Founded

1994

HQ

India
Employees

187.8K+

Website

icicibank.com

Financials

LTM Revenue $13.1B

Last FY EBITDA n/a

EV

$146B

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ICICI Bank Financials

ICICI Bank has a last 12-month revenue (LTM) of $13.1B and a last 12-month EBITDA of n/a.

In the most recent fiscal year, ICICI Bank achieved revenue of $18.9B and an EBITDA of n/a.

ICICI Bank expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ICICI Bank P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $13.1B XXX $18.9B XXX XXX XXX
Gross Profit $13.1B XXX n/a XXX XXX XXX
Gross Margin 100% XXX n/a XXX XXX XXX
EBITDA n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBIT $8.0B XXX n/a XXX XXX XXX
EBIT Margin 61% XXX n/a XXX XXX XXX
Net Profit $5.6B XXX $5.2B XXX XXX XXX
Net Margin 43% XXX 27% XXX XXX XXX
Net Debt XXX XXX $1.3B XXX XXX XXX

Financial data powered by Morningstar, Inc.

ICICI Bank Stock Performance

As of May 30, 2025, ICICI Bank's stock price is INR 1446 (or $17).

ICICI Bank has current market cap of INR 10.31T (or $121B), and EV of INR 12.50T (or $146B).

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ICICI Bank Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$146B $121B XXX XXX XXX XXX $0.79

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ICICI Bank Valuation Multiples

As of May 30, 2025, ICICI Bank has market cap of $121B and EV of $146B.

ICICI Bank's trades at 8.1x EV/Revenue multiple, and n/a EV/EBITDA.

Equity research analysts estimate ICICI Bank's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

ICICI Bank has a P/E ratio of 21.6x.

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ICICI Bank Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $121B XXX $121B XXX XXX XXX
EV (current) $146B XXX $146B XXX XXX XXX
EV/Revenue 11.2x XXX 8.1x XXX XXX XXX
EV/EBITDA n/a XXX n/a XXX XXX XXX
EV/EBIT 18.3x XXX n/a XXX XXX XXX
EV/Gross Profit 11.2x XXX n/a XXX XXX XXX
P/E 21.6x XXX 24.7x XXX XXX XXX
EV/FCF n/a XXX 11.0x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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ICICI Bank Margins & Growth Rates

ICICI Bank's last 12 month revenue growth is 12%

ICICI Bank's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged n/a for the same period.

ICICI Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

ICICI Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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ICICI Bank Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 12% XXX -7% XXX XXX XXX
EBITDA Margin n/a XXX n/a XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.1M XXX XXX XXX
Opex per Employee XXX XXX n/a XXX XXX XXX
S&M Expenses to Revenue XXX XXX 4% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX n/a XXX XXX XXX

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ICICI Bank Public Comps

See public comps and valuation multiples for Commercial Banking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Commercial Bank XXX XXX XXX XXX XXX XXX
Abu Dhabi Islamic Bank XXX XXX XXX XXX XXX XXX
First Abu Dhabi Bank XXX XXX XXX XXX XXX XXX
National Bank of Fujairah XXX XXX XXX XXX XXX XXX
RAKBANK 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.

ICICI Bank M&A and Investment Activity

ICICI Bank acquired  XXX companies to date.

Last acquisition by ICICI Bank was  XXXXXXXX, XXXXX XXXXX XXXXXX . ICICI Bank acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ICICI Bank

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ICICI Bank

When was ICICI Bank founded? ICICI Bank was founded in 1994.
Where is ICICI Bank headquartered? ICICI Bank is headquartered in India.
How many employees does ICICI Bank have? As of today, ICICI Bank has 187.8K+ employees.
Who is the CEO of ICICI Bank? ICICI Bank's CEO is Mr. Sandeep Bakhshi.
Is ICICI Bank publicy listed? Yes, ICICI Bank is a public company listed on NSE.
What is the stock symbol of ICICI Bank? ICICI Bank trades under ICICIBANK ticker.
When did ICICI Bank go public? ICICI Bank went public in 1997.
Who are competitors of ICICI Bank? Similar companies to ICICI Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah.
What is the current market cap of ICICI Bank? ICICI Bank's current market cap is $121B
What is the current revenue of ICICI Bank? ICICI Bank's last 12 months revenue is $13.1B.
What is the current revenue growth of ICICI Bank? ICICI Bank revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of ICICI Bank? Current revenue multiple of ICICI Bank is 11.2x.
Is ICICI Bank profitable? Yes, ICICI Bank is EBITDA-positive (as of the last 12 months).

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