IBN

ICICI Bank Limited

Financial Services · $97.3B market cap

Verdict

Share price

$27.44

close of Oct 3, 2026

Fair value

$33.00

Sticker Price

Payback Price

$13.20

buy price

Undervalued

IBN is Undervalued: at $27.44 it trades 17% below its fair value of $33.00. Its buy price (Payback Price) is $13.20, 52% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth14.5% a year✓
Equity per share growth11.2% a year✓
Sales growth10.1% a year✓
Free cash flow growth12.2% a year✓
Return on invested capital5.3%✗

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Superinvestors

2 of the investors we track hold IBN. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: Polen Capital Management

About ICICI Bank Limited

ICICI Bank Limited, a prominent financial institution with its various subsidiaries, delivers a comprehensive suite of banking and financial solutions. These services cater to both individual consumers (retail) and corporate entities, spanning operations across India and global markets. Its business activities are organized into distinct segments: Retail Banking, Wholesale Banking, Treasury operations, other banking…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works