ICICI Bank vs State Bank of India: share price, P/E, ROE and financials compared
ICICI Bank
State Bank of India
ICICI Bank and State Bank of India at a glance
ICICI Bank and State Bank of India are both listed in Financial Services. ICICI Bank is the larger by market cap, at ₹11.3L Cr against ₹9.4L Cr for State Bank of India (1.2 times as large). On valuation, State Bank of India has the lower P/E (10.4× against 19.3×) and the lower price-to-book (1.40× against 2.89×). On returns and margins, ICICI Bank has the higher ROE (16.5% against 14.7%). Over three years, ICICI Bank has faster 3-year profit growth (+16.8% against +14.4% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | ICICI BankICICIBANK | State Bank of IndiaSBIN |
|---|---|---|
| Price (₹) | 1,571.20 | 1,018.50 |
| Market cap (₹ Cr) | 11,28,255 | 9,40,138 |
| P/E | 19.3× | 10.4× (the lower figure, shaded) |
| P/B | 2.89× | 1.40× (the lower figure, shaded) |
| Dividend yield, trailing | 0.76% | 1.70% (the higher figure, shaded) |
| ROE | 16.5% (the higher figure, shaded) | 14.7% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 27.8% (the higher figure, shaded) | 23.0% |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +16.8% (the higher figure, shaded) | +14.4% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 59,066 | – |
| 1Y return | +12.2% (the higher figure, shaded) | +5.1% |
| Promoter holding | – | – |
ICICI Bank vs State Bank of India: common questions
Which is bigger, ICICI Bank or State Bank of India?
By market cap, ICICI Bank is bigger at ₹11.3L Cr, against ₹9.4L Cr for State Bank of India (prices as of 6 Nov 2026).
Which has a lower P/E ratio, ICICI Bank or State Bank of India?
ICICI Bank trades at a P/E of 19.3× and State Bank of India at 10.4×. State Bank of India has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, ICICI Bank or State Bank of India?
ICICI Bank reports a return on equity of 16.5% and State Bank of India 14.7%. ICICI Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, ICICI Bank or State Bank of India?
Over the last three years: profit grew +16.8% a year at ICICI Bank and +14.4% at State Bank of India, so ICICI Bank grew profit faster. Past growth doesn’t predict future growth.