How is Industrial & Commercial Bank of China Ltd. (IDCBY)'s fair value calculated?

Industrial & Commercial Bank of China Ltd. (IDCBY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples (PE, EV/EBITDA, P/S, P/B) benchmarked against its industry — using EvidInvest's standardized annual and quarterly statements for the company.

What is Industrial & Commercial Bank of China Ltd. (IDCBY)'s PE ratio versus its industry?

EvidInvest shows Industrial & Commercial Bank of China Ltd. (IDCBY)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/IDCBY.

Fair value · Industrial & Commercial Bank of China Ltd. (IDCBY) · updated 2026-09-13 · from 20-F FY2025

Industrial & Commercial Bank of China trades at $12.08. We are not reading assumptions out of that price: financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish.

Q: What is Industrial & Commercial Bank of China Ltd. (IDCBY)'s fair-value range?

EvidInvest does not publish a fair-value range for Industrial & Commercial Bank of China Ltd. (IDCBY). Financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish. The filed statements, the filing citations and the growth history are all available at https://evidinvest.com/valuation/IDCBY. Not investment advice.

Everything below is unaffected: the filed statements, the filing they came from, and IDCBY’s growth history are all as reported.

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The filing behind these numbers

Industrial & Commercial Bank of China Ltd.

Revenue: CNY 1.49T
Diluted EPS: CNY 19.60
Free cash flow: CNY 409.0B; operating cash flow − capital expenditure
Diluted shares: 17.82B; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q1 FY2026 (filed 2026-03-31).

Open the 20-F list on sec.gov

Valuation tool: build your own IDCBY range

Fair Value Summary

Daily Price — IDCBY

$16.92 +10.2% (1Y)

Your range0 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what IDCBY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has IDCBY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish.

Not solvable from the price — Financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what IDCBY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth5.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth2.5%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)5.64%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $3,822,161M · PV terminal $11,138,590M · EV $14,960,751M · equity $8,358,412M

Year	Stage	FCF	Present value
1	Stage 1	$429,480M	$406,551M
2	Stage 1	$450,954M	$404,088M
3	Stage 1	$473,502M	$401,640M
4	Stage 1	$497,177M	$399,207M
5	Stage 1	$522,036M	$396,788M
6	Stage 2	$535,087M	$384,994M
7	Stage 2	$548,464M	$373,551M
8	Stage 2	$562,176M	$362,447M
9	Stage 2	$576,230M	$351,674M
10	Stage 2	$590,636M	$341,221M

Inputs from the filing

Financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish.

Free cash flow: CNY 71.8B; sum of the last four quarters
EBIT: CNY 408.2B; latest annual
Shares: 17.82B
Total debt: CNY 10.28T
Cash: CNY 3.68T
Net debt: CNY 6.60T; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for IDCBY

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Industrial & Commercial Bank of China trades at $12.08. We are not reading assumptions out of that price: financials are filed in CNY; our prices are in USD, so these methods need a conversion we do not yet publish.

The filing behind these numbers

Valuation tool: build your own IDCBY range

Daily Price — IDCBY

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Your inputs

Year by year (two-stage model, $M)

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Valuation tool: build your own IDCBY range

Daily Price — IDCBY

Your range0 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on IDCBY

Compare with peers

Explore