ICICI BankHAM:ICBA +1.98%79 PEG Ratio is 1.00 as of Jul. 01, 2026, which is 7% below its 10-year median of 1.07. GuruFocus rates HAM:ICBA with a GF Score™ of 79/100 and a GF Value™ of €26.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,229 Banks companies, ICICI Bank ranks better than 65.91% on this metric.
PE Ratio without NRI / 5-Year Book Value Growth Rate*
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, ICICI Bank's PE Ratio without NRI is 17.85. ICICI Bank's 5-Year Book Value growth rate is 17.80%. Therefore, ICICI Bank's PEG Ratio for today is 1.00.
* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for ICICI Bank's PEG Ratio or its related term are showing as below:
HAM:ICBA'
s PEG Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.07 Max: 1.26
Current: 1.03
During the past 13 years, ICICI Bank's highest PEG Ratio was 1.26. The lowest was 0.88. And the median was 1.07.
HAM:ICBA's PEG Ratio is ranked better than 65.91% of 1229
companies
in the Banks industry
Industry Median: 1.52
vs HAM:ICBA: 1.03
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
ICICI Bank (HAM:ICBA) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
ICICI Bank PEG Ratio Related Terms
ICICI Bank PEG Ratio Historical Data
* Premium members only.
The historical data trend for ICICI Bank's PEG 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.
For the Banks - Regional subindustry, ICICI Bank's PEG Ratio, along with its competitors' market caps and PEG 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 PEG Ratio vs Banks Industry
For the Banks industry and Financial Services sector, ICICI Bank's PEG Ratio distribution charts can be found below:
* The bar in red indicates where ICICI Bank's PEG Ratio falls into.
* 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.
* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
ICICI Bank (HAM:ICBA) has a PEG Ratio of 1.00 as of Jul. 01, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on ICICI Bank and its competitors. This is near median its historical median of 1.07. Over the past decade, ICICI Bank's PEG Ratio has ranged from 0.88 to 1.26. According to the industry distribution chart, ICICI Bank ranks #419 out of 1229 companies in the Banks industry, placing it in the top 34.1%.
Is ICICI Bank's PEG Ratio too high?
ICICI Bank's current PEG Ratio of 1.00 is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.26. The Banks industry median PEG Ratio is 1.52. ICICI Bank's value of 1.00 is 34.2% below this industry median. Based on the distribution chart, ICICI Bank ranks #419 out of 1229 companies in the Banks industry, which is above the industry midpoint. Overall, ICICI Bank has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICICI Bank's PEG Ratio compare to PNC and USB?
According to the Banks industry distribution chart, ICICI Bank ranks #419 out of 1229 companies for PEG Ratio. This puts ICICI Bank in the upper half of its industry. The industry median PEG Ratio is 1.52. ICICI Bank's value of 1.00 is 34.2% below this benchmark. Historically, ICICI Bank's own PEG Ratio has ranged from 0.88 to 1.26 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 1.52, ICICI Bank has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PEG Ratio for a Banks company?
The median PEG Ratio among Banks companies is 1.52, based on 1,229 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICICI Bank's current PEG Ratio of 1.00 is 34.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on ICICI Bank and its competitors. For the Banks industry, the median PEG Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICICI Bank's current PEG Ratio is 1.00, which is near median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICICI Bank stock overvalued right now?
Based on GuruFocus' analysis, ICICI Bank (HAM:ICBA) is currently considered Fairly Valued. The stock's GF Value™ is €26.09, compared to a current price of €25.70 — trading 1.5% below its estimated fair value. The current PEG Ratio is 1.00, which is near median its 10-year median of 1.07 and 34.2% below the Banks industry median of 1.52. ICICI Bank's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For ICICI Bank (HAM:ICBA), the current PEG Ratio is 1.00 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ICICI Bank (HAM:ICBA) Overvalued in 2026?
Based on GuruFocus' analysis, ICICI Bank stock appears to be undervalued.
The current stock price of €25.70 is trading 1.5% below its estimated GF Value™ of €26.09.
GuruFocus considers ICICI Bank to be Fairly Valued.
Key valuation signals for HAM:ICBA:
PEG Ratio: 1.00 (near median its 10-year median of 1.07)
GF Value™: €26.09 vs. price of €25.70 (1.5% below fair value)
Industry Position: 34.2% below the Banks median (#419 of 1229)
No single metric tells the full story. See the HAM:ICBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
79GF Score
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