P/E ratio for ICICI Bank (IBN)
P/E ratio as of January 2023 (TTM): 17.5
According to ICICI Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.4978. At the end of 2021 the company had a P/E ratio of 22.8.
P/E ratio history for ICICI Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.8 | -8.71% |
| 2020 | 25.0 | -30.77% |
| 2019 | 36.1 | -33.37% |
| 2018 | 54.2 | |
| 2016 | 17.2 | 50.72% |
| 2015 | 11.4 | 36.81% |
| 2014 | 8.35 | -29.35% |
| 2013 | 11.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 First Republic Bank
FRC | 16.8 | -3.83% | 🇺🇸 USA |
 Huntington Bancshares
HBAN | 10.2 | -41.64% | 🇺🇸 USA |
 HDFC Bank HDB | 26.1 | 49.06% | 🇮🇳 India |
 First Horizon National FHN | 15.2 | -12.97% | 🇺🇸 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.