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ICICI Bank (MEX:IBN N) Cyclically Adjusted PB Ratio : 4.42 (As of Jun. 27, 2025)


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What is ICICI Bank Cyclically Adjusted PB Ratio?

As of today (2025-06-27), ICICI Bank's current share price is MXN525.00. ICICI Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was MXN118.80. ICICI Bank's Cyclically Adjusted PB Ratio for today is 4.42.

The historical rank and industry rank for ICICI Bank's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:IBN N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.63   Med: 3.56   Max: 5.03
Current: 4.96

During the past years, ICICI Bank's highest Cyclically Adjusted PB Ratio was 5.03. The lowest was 1.63. And the median was 3.56.

MEX:IBN N's Cyclically Adjusted PB Ratio is ranked worse than
97.2% of 1284 companies
in the Banks industry
Industry Median: 1.03 vs MEX:IBN N: 4.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ICICI Bank's adjusted book value per share data for the three months ended in Dec. 2024 was MXN203.529. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN118.80 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ICICI Bank Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ICICI Bank's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ICICI Bank Cyclically Adjusted PB Ratio Chart

ICICI Bank Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.41 3.67 4.12 -

ICICI Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.12 4.37 4.47 4.42 -

Competitive Comparison of ICICI Bank's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, ICICI Bank's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ICICI Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICICI Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ICICI Bank's Cyclically Adjusted PB Ratio falls into.


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ICICI Bank Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ICICI Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=525.00/118.80
=4.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ICICI Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, ICICI Bank's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=203.529/158.3229*158.3229
=203.529

Current CPI (Dec. 2024) = 158.3229.

ICICI Bank Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 96.780 0.000
201412 0.000 96.780 0.000
201503 64.819 97.163 105.620
201506 0.000 99.841 0.000
201509 0.000 101.753 0.000
201512 0.000 102.901 0.000
201603 75.728 102.518 116.950
201606 0.000 105.961 0.000
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 93.463 105.196 140.664
201709 0.000 109.021 0.000
201803 96.141 109.786 138.645
201806 0.000 111.317 0.000
201809 84.753 115.142 116.537
201812 0.000 115.142 0.000
201903 98.953 118.202 132.540
201906 100.179 120.880 131.210
201909 100.523 123.175 129.207
201912 100.159 126.235 125.618
202003 119.501 124.705 151.716
202006 118.779 127.000 148.074
202009 127.244 130.118 154.826
202012 119.143 130.889 144.115
202103 127.924 131.771 153.701
202106 119.058 134.084 140.580
202109 135.790 135.847 158.256
202112 137.243 138.161 157.271
202203 136.935 138.822 156.171
202206 140.508 142.347 156.277
202209 140.387 144.661 153.645
202212 138.637 145.763 150.583
202303 134.609 146.865 145.111
202306 134.735 150.280 141.946
202309 138.863 151.492 145.124
202312 141.738 152.924 146.742
202403 145.832 153.035 150.872
202406 170.154 155.789 172.922
202409 186.820 157.882 187.341
202412 203.529 158.323 203.529

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ICICI Bank  (MEX:IBN N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ICICI Bank Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ICICI Bank's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ICICI Bank Business Description

Industry
Address
ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.

ICICI Bank Headlines

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