ICICI BankHAM:ICBA 79 Pretax Margin % is 33.27% as of Mar. 2026, which is 56% above its 10-year median of 21.39. GuruFocus rates HAM:ICBA with a GF Score™ of 79/100 and a GF Value™ of €25.01 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,527 Banks companies, ICICI Bank ranks worse than 50.23% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ICICI Bank's Pre-Tax Income for the
three
months ended in Mar. 2026 was €1,940 Mil. ICICI Bank's Revenue for the
three
months ended in Mar. 2026 was €5,831 Mil. Therefore, ICICI Bank's pretax margin for the quarter that ended in Mar. 2026 was 33.27%.
The historical rank and industry rank for ICICI Bank's Pretax Margin % or its related term are showing as below:
HAM:ICBA'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.74 Med: 21.39 Max: 40.1
Current: 34.66
HAM:ICBA's Pretax Margin % is ranked worse than 50.23% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs HAM:ICBA: 34.66
ICICI Bank (HAM:ICBA) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ICICI Bank Pretax Margin % Related Terms
ICICI Bank Pretax Margin % Historical Data
* Premium members only.
The historical data trend for ICICI Bank's Pretax Margin % 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 Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, ICICI Bank's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ICICI Bank's Pretax Margin % 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.
ICICI Bank (HAM:ICBA) has a Pretax Margin % of 33.27% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ICICI Bank and its competitors. This is 56% above median its historical median of 21.39. Over the past decade, ICICI Bank's Pretax Margin % has ranged from 6.74 to 40.10. According to the industry distribution chart, ICICI Bank ranks #767 out of 1527 companies in the Banks industry, placing it in the top 50.2%.
Is ICICI Bank's Pretax Margin % too high?
ICICI Bank's current Pretax Margin % of 33.27% is 56% above median its 10-year median of 21.39. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 40.10. The Banks industry median Pretax Margin % is 34.88. ICICI Bank's value of 33.27% is 4.6% below this industry median. Based on the distribution chart, ICICI Bank ranks #767 out of 1527 companies in the Banks industry, which is below 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 Pretax Margin % compare to PNC?
According to the Banks industry distribution chart, ICICI Bank ranks #767 out of 1527 companies for Pretax Margin %. This places ICICI Bank in the lower half of its industry. The industry median Pretax Margin % is 34.88. ICICI Bank's value of 33.27% is 4.6% below this benchmark. Historically, ICICI Bank's own Pretax Margin % has ranged from 6.74 to 40.10 over the past decade. While the company's 10-year median is 21.39 vs. the industry median of 34.88, 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 Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.88, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ICICI Bank's current Pretax Margin % of 33.27% is 4.6% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ICICI Bank and its competitors. For the Banks industry, the median Pretax Margin % is 34.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICICI Bank's current Pretax Margin % is 33.27%, which is 56% above median its own 10-year median of 21.39. 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 €25.01, compared to a current price of €24.70 — trading 1.2% below its estimated fair value. The current Pretax Margin % is 33.27%, which is 56% above median its 10-year median of 21.39 and 4.6% below the Banks industry median of 34.88. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ICICI Bank (HAM:ICBA), the current Pretax Margin % is 33.27% as of Mar. 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 €24.70 is trading 1.2% below its estimated GF Value™ of €25.01.
GuruFocus considers ICICI Bank to be Fairly Valued.
Key valuation signals for HAM:ICBA:
Pretax Margin %: 33.27% (56% above median its 10-year median of 21.39)
GF Value™: €25.01 vs. price of €24.70 (1.2% below fair value)
Industry Position: 4.6% below the Banks median (#767 of 1527)
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
Get the complete analysis for HAM:ICBA
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:ICBA has been successfully added to your 
