ICICI bank, Bank of America, JPM Chase - A comparison

	Bank of America ($ Mi)	JPM Chase ($ Mi)	ICICI Bank (Rs Cr)	ICICI Bank ($ Mi)
Market cap	125,025	182,867	126,487	28,108
Price	12.34	45.79	1,098.00	24.40
P/E	-55.87	10.18	24.55	24.55
P/B	0.59	1.07	2.23	2.23
Net Income	-2,238	17,370	5,151	1,145
CAR(%) Tier I	8.60	12.10	13.17	13.17
Financial leverage	7.21	7.00	NA	NA
Gross NPA(%)	4.47	4.71	4.47	4.47
Net NPA(%)	3.60	3.39	1.16	1.16
PCR (%)	NA	NA	76.00	76.00
NIM(%)	2.78	NA	2.60	2.60
5 yr Rev growth (%)	50.03	65.64	24.82	24.82
RoE	-0.01	10.00	NA	NA
RoA	Neg	0.85	1.35	1.35
Efficiency ratio	74.61	NA	NA	NA
Revenue	111,390	102,694	15,665	3,481
NII	52,700	51,001	9,017	2,004
Total Assets	2,264,909	2117605	406234	90,274
Total Deposits	1,010,430	930369	225602	50,134

I have tried to compile whatever I saw in the 2010 annual reports of BofA and JPM Chase (Jan till Dec 2010) and compare it with FY11 annual results of ICICI Bank (Apr 2010 till Mar 2011). Please let me know if I have miscalculated or misunderstood something.

JPM - ICICI Bank comparison
The market cap of JPM Chase is just 6.5 times that of ICICI bank. This seems a bit costly to me. The net income (Net profit) of ICICI bank at $ 1.1 bi pales with respect to the $ 17.3 bi of JPM Chase (around 15 times higher). The revenues of JPM Chase at $ 102 billion is 30 times the $3.5 billion that ICICI generates. NII of JPM is 25 times that of ICICI Bank and Assets are 23 times that of ICICI bank. Even the deposits of JPM Chase are 18 times that if ICICI Banks deposits. Revenue of JPM Chase has grown 65% from 2006 revenue whereas ICICI banks revenue has grown 25% from Fy07.

ICICI bank is better than JPM Chase when Capital adequecy or Net NPAs are considered. But is that reason enough for such a high market cap?