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ICICI Bank Valuation Multiples

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

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 $12.5B

LTM EBITDA n/a

EV

$125B

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ICICI Bank Financials

ICICI Bank has a last 12-month revenue of $12.5B and a last 12-month EBITDA of n/a.

In the most recent fiscal year, ICICI Bank achieved revenue of $18.6B 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

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $13.4B $15.6B $18.6B $12.5B XXX
Gross Profit n/a n/a n/a XXX XXX
Gross Margin NaN% NaN% NaN% XXX XXX
EBITDA n/a n/a n/a n/a XXX
EBITDA Margin NaN% NaN% NaN% 0% XXX
Net Profit $2.9B $3.9B $5.1B XXX XXX
Net Margin 22% 25% 27% XXX XXX
Net Debt n/a $2.3B $1.3B XXX XXX

Financial data powered by Morningstar, Inc.

ICICI Bank Stock Performance

As of February 21, 2025, ICICI Bank's stock price is INR 1233 (or $14).

ICICI Bank has current market cap of INR 8.71T (or $100B), and EV of INR 10.88T (or $125B).

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ICICI Bank Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$125B $100B XXX XXX XXX XXX $0.75

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ICICI Bank Valuation Multiples

As of February 21, 2025, ICICI Bank has market cap of $100B and EV of $125B.

ICICI Bank's trades at 10.1x LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate ICICI Bank's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICICI Bank Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $125B XXX XXX XXX
EV/Revenue 8.9x XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E 19.1x XXX XXX XXX
P/E/Growth 1.8x XXX XXX XXX
EV/FCF n/a XXX XXX XXX

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

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ICICI Bank Valuation Multiples

ICICI Bank's NTM/LTM revenue growth is 12%

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

Over next 12 months, ICICI Bank's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate ICICI Bank's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICICI Bank Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 19% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth n/a XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.1M XXX XXX XXX XXX
Opex per Employee n/a XXX XXX XXX XXX
S&M Expenses to Revenue 4% XXX XXX XXX XXX
G&A Expenses to Revenue 19% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue n/a XXX 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 $100B
What is the current revenue of ICICI Bank? ICICI Bank's last 12-month revenue is $12.5B.
What is the current EV/Revenue multiple of ICICI Bank? Current revenue multiple of ICICI Bank is 10.1x.
What is the current revenue growth of ICICI Bank? ICICI Bank revenue growth between 2023 and 2024 was 19%.
Is ICICI Bank profitable? Yes, ICICI Bank is EBITDA-positive (as of the last 12 months).

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