Max Financial Services P/B Ratio
MFSL • Price-to-Book ratio analysis and book value breakdown
Current P/B Ratio
10.31
High Valuation
Very High - Significant premium, high growth expectations or speculative
Current Valuation Metrics
P/B Ratio
10.31
Current Price
₹1490.70
Book Value/Share
₹927.97
Exchange
NSE
Book Value Breakdown (2025)
Balance Sheet Components
Total Equity
₹6,403 Cr
Share Capital
₹69 Cr
Reserves & Surplus
₹5,206 Cr
Outstanding Shares
69,000,000
Book Value per Share
₹927.97
Valuation Signal
Signal
Overvalued
Historical Avg
1.63
Historical Range
1.04 - 1.88
Percentile
100.0%
Sector Context
Sector Average
4.89
Sector Median
5.35
Sector Rank
#11 of 12
Sector Percentile
91.7%
Key P/B Ratio Insights for Max Financial Services
- Stock appears overvalued with PB of 10.31, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 533.3% above historical average
- Trading at premium to sector average PB of 4.89
P/B Ratio Historical Trend for Max Financial Services
Historical P/B ratio trend based on balance sheet data. P/B below 1.0 may indicate undervaluation, while higher ratios suggest growth expectations or asset-light business models.
Related Pages for Max Financial Services
Additional stock information and data for MFSL
Historical P/B Ratio Data
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 1.8 | ₹927.97 | ₹1671.80 | ₹6,403 | Moderate |
| 2024 | 1.76 | ₹633.33 | ₹1113.90 | ₹4,370 | Moderate |
| 2023 | 1.66 | ₹575.22 | ₹954.30 | ₹3,969 | Moderate |
| 2022 | 1.04 | ₹650.0 | ₹677.50 | ₹4,485 | Moderate |
| 2021 | 1.88 | ₹522.46 | ₹980.35 | ₹3,605 | Moderate |
Sector P/B Ratio Comparison
Comparing Max Financial Services with other companies in Insurance sector
Sector Average
4.89
Sector Median
5.35
Lowest P/B
0.73
Highest P/B
9.68
Companies
12
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| The New India Assurance … | NIACL | 0.73 | ₹20,074 | Low |
| GIC of India | GICRE | 0.91 | ₹63,693 | Low |
| Medi Assist Healthcare | MEDIASSIST | 3.02 | ₹2,301 | High |
| Niva Bupa Health Insuran… | NIVABUPA | 3.46 | ₹12,917 | High |
| LIC of India | LICI | 3.48 | ₹484,273 | High |
| Star Health Insurance | STARHEALTH | 3.63 | ₹26,922 | High |
| ICICI Lombard General In… | ICICIGI | 5.35 | ₹87,001 | High |
| ICICI Prudential Life In… | ICICIPRULI | 5.83 | ₹76,780 | High |
| Go Digit General Insuran… | GODIGIT | 6.48 | ₹30,173 | High |
| HDFC Life Insurance | HDFCLIFE | 7.51 | ₹131,658 | High |