P/E ratio for ICICI Bank (IBN)
P/E ratio as of May 2024 (TTM): 19.4
According to ICICI Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.4315. At the end of 2022 the company had a P/E ratio of 19.0.
P/E ratio history for ICICI Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.0 | -16.52% |
| 2021 | 22.8 | -8.77% |
| 2020 | 25.0 | -30.77% |
| 2019 | 36.1 | -33.37% |
| 2018 | 54.2 | |
| 2016 | 4.55 | 21.99% |
| 2015 | 3.73 | -55.34% |
| 2014 | 8.35 | -29.35% |
| 2013 | 11.8 | -21.7% |
| 2012 | 15.1 | 52.88% |
| 2011 | 9.87 | -55.13% |
| 2010 | 22.0 | |
| 2007 | 10.5 | -62.58% |
| 2006 | 28.2 | 77.6% |
| 2005 | 15.9 | 0.7% |
| 2004 | 15.7 | -79.86% |
| 2003 | 78.2 | -348.25% |
| 2002 | -31.5 | -135.69% |
| 2001 | 88.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Republic Bank
FRC | 0.4189 | -97.84% | 🇺🇸 USA |
 Huntington Bancshares
HBAN | 9.20 | -52.65% | 🇺🇸 USA |
 HDFC Bank HDB | 18.9 | -2.87% | 🇮🇳 India |
 First Horizon National FHN | 9.09 | -53.21% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.