Max Financial Services P/B Ratio
Max Financial Services (MFSL) P/B ratio is 11.27 (High), book value per share ₹765.51 vs Insurance average P/B of 4.87 — Very High - Significant premium, high growth expectations or speculative. View MFSL 52-week performance for the annual high/low range and current price position.
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 11.27 (High). Compare with Max Financial Services value estimation to assess whether the stock is under or overvalued.
- Stock appears overvalued with PB of 11.27, 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 566.1% above historical average
- Trading at premium to sector average PB of 4.87
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 | 2.2 | ₹765.51 | ₹1682.30 | ₹5,282 | 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 11.27 vs Insurance average 4.87, median 5.56 — range 0.79–9.99.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| The New India Assurance … | NIACL | 0.79 | ₹26,823 | Low |
| GIC of India | GICRE | 0.97 | ₹69,027 | Low |
| LIC of India | LICI | 3.0 | ₹540,724 | High |
| Star Health Insurance | STARHEALTH | 3.23 | ₹30,835 | High |
| Medi Assist Healthcare | MEDIASSIST | 3.26 | ₹2,723 | High |
| Niva Bupa Health Insuran… | NIVABUPA | 4.15 | ₹15,533 | High |
| ICICI Lombard General In… | ICICIGI | 5.56 | ₹92,710 | High |
| ICICI Prudential Life In… | ICICIPRULI | 5.62 | ₹75,469 | High |
| Go Digit General Insuran… | GODIGIT | 6.07 | ₹28,262 | High |
| HDFC Life Insurance | HDFCLIFE | 7.53 | ₹133,524 | High |