Which stock is cheaper: ICICIBANK or AXISBANK?

Based on Price to Earnings, ICICIBANK trades at a P/E of 16.6 while AXISBANK trades at a P/E of 13.9.

Does ICICIBANK or AXISBANK have higher ROCE?

ICICIBANK generates an ROCE of 73.9% compared to AXISBANK's ROCE of 1.5%.

ICICI BANK LTD. (ICICIBANK) has a market cap of ₹9,90,020 Cr compared to AXIS BANK LIMITED (AXISBANK) with ₹3,87,933 Cr.

ICICIBANKFinancial Services

Leads (3/5)

₹1,398.00+0.82%

Market Cap: ₹9,90,020 Cr

AXISBANKFinancial Services

₹1,217.00-0.65%

Market Cap: ₹3,87,933 Cr

Automated quantitative breakdown of fundamental strengths between ICICIBANK and AXISBANK.

Attractive ValuationAXISBANK (P/E 13.9)Trades at lower Price-to-Earnings

Capital EfficiencyICICIBANK (ROCE 73.9%)Superior operating return on capital

Balance Sheet SafetyICICIBANKLower debt-to-equity ratio

Shareholder YieldAXISBANK (8.00%)Higher annual dividend yield

Green highlight indicates the stronger metric

Financial Metric	ICICIBANK	AXISBANK
Valuation Multiples
Market Capitalization	₹9,90,020 Cr	₹3,87,933 Cr
Price to Earnings (P/E)	16.57	13.88
Price to Book (P/B)	N/A	1.70
Profitability & Capital Efficiency
Return on Capital Employed (ROCE)	73.94%	1.54%
Return on Equity (ROE)	36.75%	26.70%
Operating Profit Margin (OPM)	N/A	49.18%
Net Profit Margin (NPM)	41.28%	34.46%
Balance Sheet & Solvency
Debt to Equity Ratio	1.39	2.71
Dividend Yield	6.65%	8.00%
Historical Growth
3-Year Sales Growth (CAGR)	-21.22%	-32.30%
Latest Quarter Financial Results
Quarterly Revenue (30 Jun 2026)	₹38,366 Cr	₹22,998 Cr
Quarterly Net Profit	₹15,440 Cr	₹7,632 Cr