ICICI Prudential Asset Management Company Limited (ICICIAMC) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of ICICI Prudential Asset Management Company Limited ₹1,216, price ₹3,185, upside -61.8%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.
How to read this chart
9‑month range ₹2,562 – ₹3,525 · fair‑value band ₹746.64 – ₹2,038 · the ₹3,185 price screens above the ₹1,216 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 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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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.
Stock analysis
ICICI Prudential Asset Management Company Limited (ICICIAMC) currently trades at ₹3,185, while our model-based Fair Value estimate is ₹1,216, implying the stock looks roughly 161.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,843 per share, and 0 of the 11 models we run sit above the ₹3,185 price.
Bear case: the Economic Profit group reads lowest at ₹601.73, and 11 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹746.64 (bear) to ₹2,038 (bull), the price of ₹3,185 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 80/100 (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 ₹1.6T (≈ $16.4B) · P/E ratio 45.3 · P/S ratio 25.9 · EPS (TTM) ₹70.26 · Net margin 57.2% · Return on equity 85.8% · Return on assets (EBIT) 72.4% · Operating margin 73.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −62%, ICICIAMC screens richer than that median.
Fair Value models
Bear ₹746.64Fair Value ₹1,216Bull ₹2,038
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹34.84 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.Evidence ⓘEvidence = 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).
+32.9%
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 +27.6% a year for the price and +10.8% 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 · 647 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−61.8% · Bottom 25%
Profitability
Return on equity (TTM)85.8% · Top 25%
Return on assets58.6% · Top 25%
Net margin (TTM)55.5% · Above median
Operating margin (TTM)73.7% · Above median
Growth and dividend
Revenue growth18.1% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (TTM)45.3× · Priciest 25%
P/B37.74× · Priciest 25%
P/S (TTM)25.11× · Priciest 25%
P/FCF0.5× · Cheapest 25%
EV/EBITDA33.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)91· sector 29
PAST (return on equity)100· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)8· sector 81
VALUE 0: the price sits above our fair-value range.
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 Sep 27, 2026, our model estimates a fair value of ₹1,216 versus a price of ₹3,185, about −62% upside (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 Sep 27, 2026), built from audited fundamentals. The current price: ₹3,185.
What is the quality score of ICICIAMC?
ICICI Prudential Asset Management Company Limited 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 price target for ICICI Prudential Asset Management Company Limited (ICICIAMC)?
Our model-based price target is the fair value of ₹1,216 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario ₹746.64, 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 −62% upside versus a price of ₹3,185 (overvalued). Cautious scenario ₹746.64, 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 ₹62.7B (latest available figure, as of Sep 27, 2026).
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 +32.9 % 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 Sep 27, 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 +32.9 % per year a year over ten years, 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 +32.9 % per year free-cash-flow growth a 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 +2.9 % a year. That is the yardstick for the growth priced into ICICI Prudential Asset Management Company Limited (+32.9 % per year a 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 2.01 %: 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 Sep 27, 2026), against a price of ₹3,185. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is ICICI Prudential Asset Management Company Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ICICIAMC trades above its calculated fair value: price ₹3,185, fair value ₹1,216, a gap of about −62% (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 (₹3,185); the fair value is what the company's own numbers justify (₹1,216). For ICICI Prudential Asset Management Company Limited the two are ₹1,969 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 ₹1.6T (market capitalisation, as of Sep 27, 2026). Per share that is ₹3,185; 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 ₹746.64, base ₹1,216, optimistic ₹2,038 per share (as of Sep 27, 2026, price ₹3,185). 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 45.3 (as of Sep 27, 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 37.7, P/S 25.1, EV/EBITDA 33.6.
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 Sep 27, 2026): return on equity 85.8%. They feed the Quality Score of 80/100, 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 Corporation, 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 Sep 27, 2026: price ₹3,185, calculated fair value ₹1,216 (−62%), Quality Score 80/100, from 11 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 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,216, 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 16.1 % 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 Sep 25, 2026 was ₹3,185. Our model-based fair value is ₹1,216, about −62% upside (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 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 (₹2,038). The favourable scenario is already priced in. The model range is unusually wide (₹746.64 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 ₹1.6T (≈ $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 25.9 (P/E × margin). 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 ₹70.26 (price ÷ EPS = P/E 45.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ICICI Prudential Asset Management Company Limited (ICICIAMC)?
The net margin of ICICI Prudential Asset Management Company Limited is 57.2% (fiscal year 2026). 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 85.8% (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 73.7% (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 +18.1% 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 +23.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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