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ICICI Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for ICICI Bank and similar public comparables like Mizuho Financial Group, Itaú, Bank of Montreal, State Bank of India and more.
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
Employees
182.7K
Website
Sectors
Financials (LTM)
EV
$127B
ICICI Bank Financials
ICICI Bank reported last 12-month revenue of $13B.
In the same LTM period, ICICI Bank generated $5B in net income.
Revenue (LTM)
ICICI Bank P&L
In the most recent fiscal year, ICICI Bank reported revenue of $20B and net income of $6B.
ICICI Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $20B | XXX | XXX | XXX |
| EBIT Margin | 60% | XXX | 40% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $6B | XXX | XXX | XXX |
| Net Margin | 42% | XXX | 28% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ICICI Bank Stock Performance
ICICI Bank has current market cap of $104B, and enterprise value of $127B.
Market Cap Evolution
ICICI Bank's stock price is $14.54.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $127B | $104B | 0.5% | XXX | XXX | XXX | $0.77 |
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Start Free TrialICICI Bank Valuation Multiples
ICICI Bank trades at 9.8x EV/Revenue multiple.
EV / Revenue (LTM)
ICICI Bank Financial Valuation Multiples
As of April 19, 2026, ICICI Bank has market cap of $104B and EV of $127B.
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 19.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $104B | XXX | $104B | XXX | XXX | XXX |
| EV (current) | $127B | XXX | $127B | XXX | XXX | XXX |
| EV/Revenue | 9.8x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 16.3x | XXX | 16.2x | XXX | XXX | XXX |
| P/E | 19.4x | XXX | 18.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 10.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ICICI Bank 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.
ICICI Bank Margins & Growth Rates
ICICI Bank's revenue in the last 12 month grew by 14%.
ICICI Bank's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
ICICI Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | (35%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | 40% | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ICICI Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ICICI Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Mizuho Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Itaú | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Montreal | XXX | XXX | XXX | XXX | XXX | XXX |
| State Bank of India | XXX | XXX | XXX | XXX | XXX | XXX |
| Canadian Imperial Bank of Commerce | 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 Activity
ICICI Bank acquired XXX companies to date.
Last acquisition by ICICI Bank was on XXXXXXXX, XXXXX. ICICI Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ICICI Bank
| 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 TrialICICI Bank Investment Activity
ICICI Bank invested in XXX companies to date.
ICICI Bank made its latest investment on XXXXXXXX, XXXXX. ICICI Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ICICI Bank
| 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 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 over 182K employees. |
| Who is the CEO of ICICI Bank? | ICICI Bank's CEO is Sandeep Bakhshi. |
| Is ICICI Bank publicly listed? | Yes, ICICI Bank is a public company listed on National Stock Exchange of India. |
| 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? | ICICI Bank main competitors are Mizuho Financial Group, Itaú, Bank of Montreal, State Bank of India. |
| What is the current market cap of ICICI Bank? | ICICI Bank's current market cap is $104B. |
| What is the current revenue of ICICI Bank? | ICICI Bank's last 12 months revenue is $13B. |
| What is the current revenue growth of ICICI Bank? | ICICI Bank revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of ICICI Bank? | Current revenue multiple of ICICI Bank is 9.8x. |
| Is ICICI Bank profitable? | Yes, ICICI Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of ICICI Bank? | ICICI Bank's last 12 months net income is $5B. |
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