ICICI Prudential Asset Management Company Limited (ICICIAMC) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of ICICI Prudential Asset Management Company Limited stock ₹1,216, price ₹3,113, that is 60.9% below the price, quality 81 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
11‑month range ₹2,562 – ₹3,525 · fair‑value band ₹650.63 – ₹2,038 · the ₹3,113 price screens above the ₹1,216 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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ICICI Prudential Asset Management Company Limited, an asset management company, provides a range of investment solutions. The company manages mutual and alternative funds; and offers portfolio management and advisory services to offshore clients.
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It provides savings and investment products across various financial asset classes structured to a range of its clients' objectives and risk appetites. The company serves individual investors and institutional investors comprising banks, insurance companies, corporates, and government entities.
ICICI Prudential Asset Management Company Limited was incorporated in 1993 and is based in Mumbai, India. ICICI Prudential Asset Management Company Limited operates as a subsidiary of ICICI Bank Limited.
Stock analysis
ICICI Prudential Asset Management Company Limited (ICICIAMC) currently trades at ₹3,113, while our model-based Fair Value estimate is ₹1,216, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹2,566 per share, and 1 of the 13 models we run sit above the ₹3,113 price.
Bear case: the Economic Profit group reads lowest at ₹298.91, and 12 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹650.63 (bear) to ₹2,038 (bull), the price of ₹3,113 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 81/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ICICI Prudential Asset Management Company Limited reported revenue of ₹57.6B in FY2026 versus ₹26.9B in FY2023, a compound +28.9%/yr. Reported net income was ₹33.0B in FY2026, compounding +29.6%/yr from FY2023.
Key figures
Market cap ₹1.5T (≈ $16.4B) Large · P/E ratio 43.5 · P/S ratio 23.9 · EPS (TTM) ₹71.50 · Dividend yield 1.4% · Net margin 54.8% · Return on equity 76.2% · Return on assets (EBIT) 72.4% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 95 out of 100 (low confidence).
What moves the price
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −61%, ICICIAMC screens richer than that median.
Fair Value models
Bear₹650.63Fair Value ₹1,216Bull₹2,038
Price ₹3,113 · Downside -60.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹18.02 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.9%
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
69.7% (2023) → 72.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 2 usable fiscal years, at least 4 required
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+15.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +27.2% a year for the price and +10.7% for the forecasts.
Compare ICICI Prudential Asset Management Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 633 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside−60.9% · Bottom 25%
Profitability
Return on equity (12 months)76.2% · Top 25%
Return on assets65.3% · Top 25%
Net margin (12 months)54.8% · Above median
Operating margin (12 months)71.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)11.9% · Above median
Dividend yield (12 months)1.4% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ICICI Prudential Asset Management Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/ICICIAMC
Frequently asked questions
Is ICICI Prudential Asset Management Company Limited (ICICIAMC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ₹1,216 versus a price of ₹3,113, about 61% lower (overvalued).
What is the fair value of ICICIAMC?
Our model-based fair value for ICICI Prudential Asset Management Company Limited is ₹1,216 (as of Nov 9, 2026), built from audited fundamentals. The current price: ₹3,113.
What is the quality score of ICICIAMC?
ICICI Prudential Asset Management Company Limited has a Quality Score of 81/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Our model-based price target is the fair value of ₹1,216 (as of Nov 9, 2026) from 13 valuation models. Cautious scenario ₹650.63, optimistic scenario ₹2,038. It is a calculation from audited fundamentals, not an analyst target.
What is the ICICI Prudential Asset Management Company Limited stock forecast for 2026?
Our models put fair value at ₹1,216, about 61% lower versus a price of ₹3,113 (overvalued). Cautious scenario ₹650.63, optimistic scenario ₹2,038. The calculation is refreshed regularly with new filings.
What is the revenue of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
ICICI Prudential Asset Management Company Limited reported trailing-twelve-month revenue of about ₹64.5B (latest available figure, as of Nov 9, 2026).
Does ICICI Prudential Asset Management Company Limited pay a dividend?
ICICI Prudential Asset Management Company Limited currently shows a dividend yield of 1.36% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of ICICI Prudential Asset Management Company Limited (ICICIAMC) and when is the ex-dividend date?
ICICI Prudential Asset Management Company Limited pays a dividend of ₹42.40 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Oct 21, 2026. The payout ratio is 59.3% of earnings. Free cash flow covers the dividend 1.51 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into ICICI Prudential Asset Management Company Limited (ICICIAMC)?
For today's price to be fair in a discounted-cash-flow model, ICICI Prudential Asset Management Company Limited would have to grow free cash flow by +32.4 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +28.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of ICICIAMC use?
Our models discount ICICI Prudential Asset Management Company Limited at 11.9 %: a base by market capitalisation (large), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ICICI Prudential Asset Management Company Limited that is +32.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has ICICI Prudential Asset Management Company Limited (ICICIAMC) delivered so far?
Over the past 3 years revenue at ICICI Prudential Asset Management Company Limited grew +28.9 % a year. The price currently implies free-cash-flow growth of +32.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ICICI Prudential Asset Management Company Limited (ICICIAMC) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into ICICI Prudential Asset Management Company Limited (+32.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The free-cash-flow yield on the price is 2.06 %: that much free cash flow ICICI Prudential Asset Management Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ICICI Prudential Asset Management Company Limited it is ₹1,216 per share (as of Nov 9, 2026), against a price of ₹3,113. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is ICICI Prudential Asset Management Company Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ICICIAMC trades above its calculated fair value: price ₹3,113, fair value ₹1,216, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ICICIAMC?
No. The price is what the market pays today (₹3,113); the fair value is what the company's own numbers justify (₹1,216). For ICICI Prudential Asset Management Company Limited the two are ₹1,897 per share apart. That gap is exactly why we show both numbers side by side.
How much is ICICI Prudential Asset Management Company Limited worth?
The market values ICICI Prudential Asset Management Company Limited at about ₹1.5T (market capitalisation, as of Nov 9, 2026). Per share that is ₹3,113; our models calculate a fair value of ₹1,216 per share.
What do the bullish and bearish scenarios say about ICICIAMC?
Our models span a range for ICICI Prudential Asset Management Company Limited: cautious scenario ₹650.63, base ₹1,216, optimistic ₹2,038 per share (as of Nov 9, 2026, price ₹3,113). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ICICIAMC?
ICICI Prudential Asset Management Company Limited trades at a price-to-earnings ratio of 43.5 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,216 is built from several models across several years. Other multiples: P/B 36.9, P/S 23.9, EV/EBITDA 32.1.
How solid is the balance sheet of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Balance-sheet figures for ICICI Prudential Asset Management Company Limited (as of Nov 9, 2026): return on equity 76.2%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
Which stocks are comparable to ICICI Prudential Asset Management Company Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ICICI Prudential Asset Management Company Limited stock attractive at the current price?
The data as of Nov 9, 2026: price ₹3,113, calculated fair value ₹1,216 (−61%), Quality Score 81/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ICICIAMC calculated?
We run ICICI Prudential Asset Management Company Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹1,216 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. ICICI Prudential Asset Management Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The closing price on Nov 11, 2026 was ₹3,113. Our model-based fair value is ₹1,216, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ICICI Prudential Asset Management Company Limited right now?
A high-quality business (quality 81/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹2,038). The favourable scenario is already priced in. The model range is unusually wide (₹650.63 to ₹2,038). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of ICICI Prudential Asset Management Company Limited
How large is the market capitalisation of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The market capitalisation of ICICI Prudential Asset Management Company Limited is ₹1.5T (≈ $16.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The price-to-sales ratio of ICICI Prudential Asset Management Company Limited is 23.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Earnings per share at ICICI Prudential Asset Management Company Limited are ₹71.50 (price ÷ EPS = P/E 43.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The dividend yield of ICICI Prudential Asset Management Company Limited is 1.4% (payout 59.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The net margin of ICICI Prudential Asset Management Company Limited is 54.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The return on equity (ROE) of ICICI Prudential Asset Management Company Limited is 76.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
On an EBIT basis the return on assets of ICICI Prudential Asset Management Company Limited is 72.4% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The operating margin of ICICI Prudential Asset Management Company Limited is 71.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Revenue at ICICI Prudential Asset Management Company Limited is growing +11.9% versus a year earlier (3y avg +28.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Earnings per share at ICICI Prudential Asset Management Company Limited are growing +6.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026