ICICI BANK LTD. Valuation

ICICIBANK · Financial Services · Current price ₹1,428

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DocStoX fair value
₹789
low confidence
Current price
₹1,428
Upside
-44.8%
P/E ratio
18.9x
P/B ratio
2.8x
Verdict
Avoid
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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.

Valuation multiples

ICICI BANK LTD. trades at a P/E of 18.9x and a P/B of 2.8x, with a dividend yield of 0.8%. Multiples are most useful compared against the company's own history and its sector peers — see the peer comparison for context.

Understand the ratios

P/E RatioP/B RatioPEG RatioEarnings Yield

More on ICICI BANK LTD.

Fair ValueIntrinsic ValueDCFFinancial RatiosPeers

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.