ICICI Prudential Life Insurance Company Limited (ICICIPRULI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ICICI Prudential Life Insurance Company Limited stock ₹91.69, price ₹439, that is 79.1% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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 8, 2026.
How to read this chart
60‑month range ₹381.44 – ₹787.27 · fair‑value band ₹82.17 – ₹121.12 · the ₹438.90 price screens above the ₹91.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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ICICI Prudential Life Insurance Company Limited provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.
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The company offers term, savings, unit linked, guaranteed return, child education, and retirement insurance plans; and pension fund management services. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its sales force and website.
The company was incorporated in 2000 and is based in Mumbai, India. ICICI Prudential Life Insurance Company Limited is a subsidiary of ICICI Bank Limited.
Stock analysis
ICICI Prudential Life Insurance Company Limited (ICICIPRULI) currently trades at ₹438.90, while our model-based Fair Value estimate is ₹91.69, 79% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹137.33 per share, and 0 of the 6 models we run sit above the ₹438.90 price.
Bear case: the Asset-Based group reads lowest at ₹62.49, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹82.17 (bear) to ₹121.12 (bull), the price of ₹438.90 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 35/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
ICICI Prudential Life Insurance Company Limited reported revenue of ₹633B in FY2026 versus ₹619B in FY2022, a compound +0.6%/yr. Reported net income was ₹16.1B in FY2026, compounding +20.6%/yr from FY2022.
Key figures
Market cap ₹636B (≈ $6.8B) Mid · P/E ratio 36.2 · P/S ratio 0.96 · EPS (TTM) ₹12.11 · Dividend yield 0.4% · Net margin 2.7% · Return on equity 12.9% · Return on assets (EBIT) 0.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −79%, ICICIPRULI screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹7.77 to ₹144.08). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹82.17Fair Value ₹91.69Bull₹121.12
Price ₹438.90 · Downside -79.1%
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 (₹6.36 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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.8%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.8% vs −0.4%, picking up
Profit margin 2021 to 2026 ⓘ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.1% → 3%
2026 sits 89% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (9 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Moderate organization capital supports the business but is offset by limited pricing power and weak cash conversion, resulting in an average moat and negative cash flows.
Main risk: Regulatory rules triggered by the foreign partner's acquisition require a large stake reduction that threatens ownership stability.
ICICI Life Insurance delivered strong profit growth in the latest quarter with rising contributions from protection and annuity lines. Yet regulatory rules triggered by its foreign partner's new acquisition elsewhere now require a large stake reduction that could bring more shares to market. Does the reinforced commitment from the Indian majority owner provide enough stability through this ownership shift?
Compare ICICI Prudential Life Insurance 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.Insurance - Life · 77 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−79.1% · Bottom 25%
Profitability
Return on equity (12 months)12.9% · Above median
Return on assets0.5% · Below median
Net margin (12 months)2.7% · Bottom 25%
Operating margin (12 months)4.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.8% · Below median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Insurance - Life median · lower = cheaper
P/E (12 months)36.2× · Priciest 25%
P/B4.66× · Priciest 25%
P/S (12 months)0.96× · Cheaper than median
EV/EBITDA32.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 7
FUTURE (revenue growth)4· sector 37
PAST (return on equity)52· sector 48
HEALTH (low debt)–
DIVIDEND (yield)8· sector 55
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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 Life Insurance Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/ICICIPRULI
Frequently asked questions
Is ICICI Prudential Life Insurance Company Limited (ICICIPRULI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹91.69 versus a price of ₹438.90, about 79% lower (overvalued).
What is the fair value of ICICIPRULI?
Our model-based fair value for ICICI Prudential Life Insurance Company Limited is ₹91.69 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹438.90.
What is the quality score of ICICIPRULI?
ICICI Prudential Life Insurance Company Limited has a Quality Score of 35/100. 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 Life Insurance Company Limited (ICICIPRULI)?
Our model-based price target is the fair value of ₹91.69 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario ₹82.17, optimistic scenario ₹121.12. It is a calculation from audited fundamentals, not an analyst target.
What is the ICICI Prudential Life Insurance Company Limited stock forecast for 2026?
Our models put fair value at ₹91.69, about 79% lower versus a price of ₹438.90 (overvalued). Cautious scenario ₹82.17, optimistic scenario ₹121.12. The calculation is refreshed regularly with new filings.
What is the revenue of ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
ICICI Prudential Life Insurance Company Limited reported trailing-twelve-month revenue of about ₹663B (latest available figure, as of Nov 8, 2026).
Does ICICI Prudential Life Insurance Company Limited pay a dividend?
ICICI Prudential Life Insurance Company Limited currently shows a dividend yield of 0.38% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of ICICI Prudential Life Insurance Company Limited (ICICIPRULI) and when is the ex-dividend date?
ICICI Prudential Life Insurance Company Limited pays a dividend of ₹1.65 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Jun 5, 2026. A dividend has been paid every year since 2021. The payout ratio is 13.6% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
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 Life Insurance Company Limited it is ₹91.69 per share (as of Nov 8, 2026), against a price of ₹438.90. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is ICICI Prudential Life Insurance Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ICICIPRULI trades above its calculated fair value: price ₹438.90, fair value ₹91.69, a gap of about −79% (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 ICICIPRULI?
No. The price is what the market pays today (₹438.90); the fair value is what the company's own numbers justify (₹91.69). For ICICI Prudential Life Insurance Company Limited the two are ₹347.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is ICICI Prudential Life Insurance Company Limited worth?
The market values ICICI Prudential Life Insurance Company Limited at about ₹636B (market capitalisation, as of Nov 8, 2026). Per share that is ₹438.90; our models calculate a fair value of ₹91.69 per share.
What do the bullish and bearish scenarios say about ICICIPRULI?
Our models span a range for ICICI Prudential Life Insurance Company Limited: cautious scenario ₹82.17, base ₹91.69, optimistic ₹121.12 per share (as of Nov 8, 2026, price ₹438.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ICICIPRULI?
ICICI Prudential Life Insurance Company Limited trades at a price-to-earnings ratio of 36.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹91.69 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 57.5. Other multiples: P/B 4.7, P/S 1.0, EV/EBITDA 32.9.
How solid is the balance sheet of ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
Balance-sheet figures for ICICI Prudential Life Insurance Company Limited (as of Nov 8, 2026): return on equity 12.9%, debt of 0.19 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is ICICIPRULI from its 52-week high?
ICICI Prudential Life Insurance Company Limited trades at ₹438.90, about 36% below its 52-week high of ₹686.07 and 8% above the low of ₹407.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹91.69 is for.
Which stocks are comparable to ICICI Prudential Life Insurance Company Limited?
From the same area (Financial Services) we also value Ping An Insurance (Group) Company, China Life Insurance Company, AIA Group, Manulife Financial Corporation, 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 Life Insurance Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹438.90, calculated fair value ₹91.69 (−79%), Quality Score 35/100, from 6 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 ICICIPRULI calculated?
We run ICICI Prudential Life Insurance Company Limited through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹91.69 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 13.0% above its aggregate fair value. ICICI Prudential Life Insurance 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 Life Insurance Company Limited (ICICIPRULI)?
The closing price on Nov 6, 2026 was ₹438.90. Our model-based fair value is ₹91.69, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ICICI Prudential Life Insurance Company Limited right now?
The price sits above even our optimistic bull case (₹121.12). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of ICICI Prudential Life Insurance Company Limited (ICICIPRULI) come from?
Earnings per share at ICICI Prudential Life Insurance Company Limited grew −3.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.3 %, EBIT margin −10.3 %, tax rate −0.8 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of ICICI Prudential Life Insurance Company Limited
How large is the market capitalisation of ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
The market capitalisation of ICICI Prudential Life Insurance Company Limited is ₹636B (≈ $6.8B). 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 Life Insurance Company Limited (ICICIPRULI)?
The price-to-sales ratio of ICICI Prudential Life Insurance Company Limited is 0.96 (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 Life Insurance Company Limited (ICICIPRULI)?
Earnings per share at ICICI Prudential Life Insurance Company Limited are ₹12.11 (price ÷ EPS = P/E 36.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
The dividend yield of ICICI Prudential Life Insurance Company Limited is 0.4% (payout 13.6%). 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 Life Insurance Company Limited (ICICIPRULI)?
The net margin of ICICI Prudential Life Insurance Company Limited is 2.7% (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 Life Insurance Company Limited (ICICIPRULI)?
The return on equity (ROE) of ICICI Prudential Life Insurance Company Limited is 12.9% (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 Life Insurance Company Limited (ICICIPRULI)?
On an EBIT basis the return on assets of ICICI Prudential Life Insurance Company Limited is 0.4% (avg 5y). 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 Life Insurance Company Limited (ICICIPRULI)?
The operating margin of ICICI Prudential Life Insurance Company Limited is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ICICI Prudential Life Insurance Company Limited (ICICIPRULI)?
Revenue at ICICI Prudential Life Insurance Company Limited is growing +0.8% versus a year earlier (3y avg +9.1%). 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 Life Insurance Company Limited (ICICIPRULI)?
Earnings per share at ICICI Prudential Life Insurance Company Limited are growing +26.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ICICI Prudential Life Insurance Company Limited (ICICIPRULI) generate?
The free cash flow of ICICI Prudential Life Insurance Company Limited is −₹54.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ICICI Prudential Life Insurance Company Limited (ICICIPRULI) carry?
The net debt of ICICI Prudential Life Insurance Company Limited is ₹14.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026