ICICI BANK LTD. Fair Value
ICICIBANK · Financial Services · Current price ₹1,428
| Method | Fair value | Status |
|---|---|---|
| Excess-return (book value) | ₹527 | 16% ROE fading to 13% over ~3 yrs, on ₹503 book |
| Relative P/E | ₹746 | EPS × 9.8 peer-median P/E |
| Graham floor | — | Not meaningful for financials |
| Analyst target | ₹1,741 | Street consensus 12-month target price |
Is ICICI BANK LTD. undervalued?
DocStoX estimates the fair value of ICICI BANK LTD. at ₹789 per share, versus the current market price of ₹1,428. That puts the stock about -44.8% above our fair-value estimate, which we read as "Avoid". Our confidence in this estimate is low.
How this fair value is calculated
This estimate blends 3 independent methods: Excess-return (book value) (₹527), Relative P/E (₹746), Analyst target (₹1,741). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.
Bear, base and bull scenarios
Our scenarios span ₹527 (bear) to ₹789 (base) to ₹1,741 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.
More on ICICI BANK LTD.
DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.