Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
ICICI Bank Limited
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 1.19x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash.
Fixed-asset turnover is 12.82x. Compare it with other names in the same basket.
Physical asset ratio
0.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
12.82x
Revenue per dollar of the physical asset base.
Capex / D&A
1.19x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€515.35
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.05x
Price €26.50.
Fixed-charge coverage
—
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
681.4%
Latest free cash flow divided by current market cap (€93.33B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 0.9% | 9.54x | 1.10x | €187.45 | — | €475.23B | — | — |
| 2020 | 0.8% | 10.10x | 1.37x | €200.46 | — | €776.91B | — | — |
| 2021 | 0.7% | 10.98x | 1.15x | €241.57 | — | €1,363.27B | — | — |
| 2022 | 0.6% | 10.97x | 1.26x | €270.46 | — | €562.51B | — | — |
| 2023 | 0.6% | 12.37x | 1.50x | €316.61 | — | -€62.39B | — | — |
| 2024 | 0.6% | 12.18x | 1.84x | €381.04 | — | €1,536.06B | — | — |
| 2025 | 0.6% | 12.95x | 1.77x | €449.71 | — | €1,180.35B | — | — |
| 2026 | 0.6% | 12.82x | 1.19x | €515.35 | — | €635.95B | — | — |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
- Free-cash-flow yield is extreme. Market cap and free cash flow may be in different units.
Latest year inputs (2026)
Net PP&E: €174.20B
Inventory: €0.00
Total assets: €29,144.98B
Goodwill: €105.50B
Intangibles: €0.00
Liabilities: €25,349.27B
Tangible book: €3,690.21B
Shares: 7,160,589,903
Revenue: €2,234.07B
Capex: €37.30B
D&A: €31.23B
EBITDA: —
Interest: €890.29B
Short-term debt: €245.18B
Free cash flow: €635.95B
Operating income: —
Invested capital: €3,428.62B
Tax rate: 25.1%