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ICICI Prudential Asset Management Company (ICICIAMC) Fair Value & Analysis

Financial Services · IN · Market cap ₹1.5T

IP ICICI Prudential Asset Management Company ICICIAMC · NSE
Price₹3,147
Fair Value₹867.51
Upside-72.4%
Quality80/100
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Healthy Growth
Highly profitable · 55.5% net margin
generates free cash flow
Mixed vs. peers (7/13)
Wide moat 95/100
Evidence: High Range ₹650.63 – ₹2,797 Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ₹253.18 to ₹867.51 (+242.6%) since Jul 16, 2026. Share price −0.6% over the past month.

A strong business, but screening 72% overvalued on our models.

What matters now

  • A high-quality business (quality 80/100), 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 (₹2,797). The favourable scenario is already priced in.
  • The model range is unusually wide (₹650.63 to ₹2,797). 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.
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Price vs Fair Value (8 months)

₹3,525 ₹2,562 Fair Value ₹867.51 Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

8‑month range ₹2,562 – ₹3,525 · fair‑value band ₹650.63 – ₹2,797 · the ₹3,147 price screens above the ₹867.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

ICICI Prudential Asset Management Company (ICICIAMC) currently trades at ₹3,147, while our model-based Fair Value estimate is ₹867.51, implying the stock looks roughly 72.4% overvalued today. The Quality Score stands at 80/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ICICI Prudential Asset Management Company generated revenue of ₹60.0B at a net margin of 55.0%. Revenue grew 8.2% year over year. It earns a return on equity of 85.8%. The stock trades on a trailing P/E of 44.6. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹650.63 (bear case) to ₹2,797 (bull case); at ₹3,147, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -72%, ICICIAMC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹546.75 ₹966.04 ₹27,351 76
Growth DCF ₹1,081 ₹2,089 ₹4,213 72
Rev-Margin DCF ₹444.80 ₹719.45 ₹1,194 67
All 11 models by family
DCF Models
Owner Earnings ₹1,110 ₹2,597 ₹5,858 31
5Y P/E Exit ₹804.48 ₹1,704 ₹2,915 38
10Y P/E Exit ₹917.41 ₹1,910 ₹3,507 35
Earnings-Based
Graham-Dodd ₹453.77 ₹3,165 ₹4,441 54
Lynch FV ₹1,251 ₹1,787 ₹2,323 50
Multiples
P/E Multiple ₹650.63 ₹867.51 ₹1,084 63
P/B Multiple ₹88.61 ₹118.15 ₹147.69 55
Asset-Based
NCAV (Graham) ₹42.20 ₹56.54 ₹84.39 50
Growth DCF
Growth DCF ₹1,081 ₹2,089 ₹4,213 72
Rev-Margin DCF ₹444.80 ₹719.45 ₹1,194 67
Economic Profit
Residual Income ₹546.75 ₹966.04 ₹27,351 76

Widest divergence: DCF Models (₹1,910) versus Asset-Based (₹56.54). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹62.7B
Revenue growth (YoY) +18.1%
Net margin 55.5%
Return on equity 85.8%
Free cash flow ₹31.7B FY2026
P/E ratio 44.6
More key figures
Operating margin 73.7%
EPS (TTM) ₹70.50
EPS growth (YoY) +23.1%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 79 · Market factors (momentum, volatility) 54

Profitability 97
Margins and returns on capital today
Quality Growth 86
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2023 – FY2026 · reported fiscal years

ICICI Prudential Asset Management Company 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.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹57.6B
Latest YoY
+23.1%
Avg. growth/yr (3Y) 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.
+28.9%
Revenue +28.9%/yr
FY23 ₹26.9B
FY24 ₹33.8B
FY25 ₹46.8B
FY26 ₹57.6B
Net income +29.6%/yr
FY23 ₹15.2B
FY24 ₹20.5B
FY25 ₹26.5B
FY26 ₹33.0B

ICICIAMC screens 72% overvalued. Compare with BlackRock, Inc →

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Cite: Fair Value Calculator (2026). "ICICI Prudential Asset Management Company Fair Value". https://www.fairvalue-calculator.com/stock/ICICIAMC

Peer Group

Asset Management · 690 stocks

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.

Quality Score 79 · Top 25%
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 86% · Top 25%
Return on assets 59% · Top 25%
Net margin (TTM) 56% · Top 25%
Operating margin (TTM) 74% · Above median
Revenue growth 18% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 44.6× · Pricier than 75% of peers
P/B 36.85× · Pricier than 75% of peers
P/S (TTM) 24.52× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 32.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 36
FUTURE 91 · sector 14
PAST 100 · sector 24
HEALTH 0 · sector 95
DIVIDEND 0 · sector 68

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
Brookfield Corporation BN C$62.41 C$7.74 -88%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,579 ₹11,257 -3%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is ICICI Prudential Asset Management Company (ICICIAMC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹867.51 versus a price of ₹3,147, about −72% (overvalued).
What is the fair value of ICICIAMC?
Our model-based fair value for ICICI Prudential Asset Management Company is ₹867.51 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹3,147.
What is the quality score of ICICIAMC?
ICICI Prudential Asset Management Company has a Quality Score of 80/100. 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 revenue of ICICI Prudential Asset Management Company (ICICIAMC)?
ICICI Prudential Asset Management Company reported trailing-twelve-month revenue of about ₹60.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ICICIAMC?
The net profit margin of ICICI Prudential Asset Management Company is about 55.0%, meaning it keeps roughly 55.0% of revenue as net income. Based on the latest reported figures.
Does ICICI Prudential Asset Management Company pay a dividend?
ICICI Prudential Asset Management Company currently shows a dividend yield of about 0.82% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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