ICICI Bank Adjusts Valuation Grade Amid Competitive Private Banking Landscape

ICICI Bank has recently undergone a valuation adjustment, reflecting its current financial standing within the private banking sector. The bank's price-to-earnings ratio stands at 21.36, while its price-to-book value is recorded at 3.48. The PEG ratio is noted at 1.54, and the dividend yield is 0.70%. Key performance indicators show a return on equity (ROE) of 16.28% and a return on assets (ROA) of 2.44%. Additionally, the net non-performing assets (NPA) to book value ratio is 1.93.
In comparison to its peers, ICICI Bank's valuation metrics indicate a competitive position within the industry. HDFC Bank and Kotak Mahindra Bank also reflect high valuation scores, with PE ratios of 22.29 and 31.42, respectively. Axis Bank presents a lower PE ratio of 14.29, while IndusInd Bank and Yes Bank show attractive valuations with significantly lower PE ratios. Over various time frames, ICICI Bank has outperformed the Sensex, with a year-to-date return of 10.45% and a one-year return of 30.26%, highlighting its strong market performance relative to broader market trends.