Banks · NSE: ICICIBANK
Intrynsic's multi-model valuation estimates ICICI Bank Limited's fair value at ₹888 per share (range ₹832–₹888) against a market price of ₹1,433 - a gap of -38.0% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹1,433
close of 24 Jul 2026
Est. fair value
₹888
₹832–₹888
Gap
-38.0%
price vs estimate
Trading ~38% above our estimated fair-value range. Assumptions and per-model workings are below.
ICICI Bank is one of India's largest private banks, offering loans, deposits, cards and insurance through subsidiaries. Its earnings come mainly from the difference between lending and deposit rates.
Banks · Banks
Over the last 3 years, revenue grew 17.3%/yr and profit grew 17.8%/yr.
Every ₹100 of shareholder money earned ₹16.1 in profit last year, vs a sector median of 12.2%.
Borrowing is core to a lender's business model — judge it on profitability and consistency instead.
The market price is above our estimated fair-value range (based on stated assumptions).
Returns on equity varied by about 1.2 percentage points over the last 5 years — steady.
Intrynsic values ICICI Bank Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| P/B + Excess ReturnBank Net Worth Method | ₹888 | -38% | - |
| DDMDividend Discount Method | ₹174 | -88% | - |
| Bank FCFE DCFBank Cash Flow Method | ₹832 | -42% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 7.2% a year for the next decade - versus 19.6% historical revenue growth.
| Revenue | ₹1,95,218 Cr | |
| Net profit | ₹57,936 Cr | |
| EPS | ₹75.71 | |
| Free cash flow | ₹54,311 Cr | |
| ROE (latest) | 16.1% | |
| Revenue growth (CAGR) | 13.8% | |
| Profit growth (CAGR) | 19.9% |
Intrynsic's multi-model valuation estimates ICICI Bank Limited's fair value at ₹888 per share (range ₹832–₹888), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
ICICI Bank Limited trades at ₹1,433 against Intrynsic's estimated fair value of ₹888 - the market price is 38% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
ICICI Bank Limited trades at about 18.9 times its latest annual earnings per share.
ICICI Bank is one of India's largest private banks, offering loans, deposits, cards and insurance through subsidiaries. Its earnings come mainly from the difference between lending and deposit rates.
Intrynsic runs 3 valuation models for ICICI Bank Limited (P/B + Excess Return, DDM, Bank FCFE DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy