Max Financial Services P/B Ratio
Max Financial Services (MFSL) P/B ratio is 10.15 (High), book value per share ₹930.43 vs Insurance average P/B of 4.48 — Very High - Significant premium, high growth expectations or speculative. Read MFSL dividend growth for the complete payout history and dividend yield track record.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
MFSL P/B Ratio — Valuation Insights & Book Value Analysis
Max Financial Services price-to-book ratio interpretation, valuation status and historical context — current P/B 10.15 (High). Explore Max Financial Services intrinsic worth to estimate fundamental worth using multiple valuation models.
- Stock appears overvalued with PB of 10.15, 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 539.2% above historical average
- Trading at premium to sector average PB of 4.48
Max Financial Services P/B Ratio Historical Trend
MFSL annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see Max Financial Services screener.
MFSL Historical P/B Ratio — Book Value Per Share & Year-End Price
Max Financial Services annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.68 | ₹930.43 | ₹1559.00 | ₹6,420 | Moderate |
| 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 |
MFSL vs Insurance Peers — P/B Ratio Comparison
Max Financial Services P/B 10.15 vs Insurance average 4.48, median 4.46 — range 0.81–8.82.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| GIC of India | GICRE | 0.81 | ₹59,334 | Low |
| The New India Assurance … | NIACL | 1.32 | ₹30,556 | Moderate |
| Medi Assist Healthcare | MEDIASSIST | 2.88 | ₹2,315 | Moderate |
| LIC of India | LICI | 2.89 | ₹495,247 | Moderate |
| Niva Bupa Health Insuran… | NIVABUPA | 3.88 | ₹15,059 | High |
| ICICI Lombard General In… | ICICIGI | 4.33 | ₹71,267 | High |
| Star Health Insurance | STARHEALTH | 4.46 | ₹31,822 | High |
| Go Digit General Insuran… | GODIGIT | 4.97 | ₹23,253 | High |
| ICICI Prudential Life In… | ICICIPRULI | 5.11 | ₹67,052 | High |
| HDFC Life Insurance | HDFCLIFE | 5.83 | ₹111,372 | High |