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Max Financial Services (BOM:500271) Cyclically Adjusted PB Ratio : 11.04 (As of May. 31, 2025)


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What is Max Financial Services Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Max Financial Services's current share price is ₹1502.00. Max Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹136.05. Max Financial Services's Cyclically Adjusted PB Ratio for today is 11.04.

The historical rank and industry rank for Max Financial Services's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:500271' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.38   Med: 8.99   Max: 10.79
Current: 10.79

During the past years, Max Financial Services's highest Cyclically Adjusted PB Ratio was 10.79. The lowest was 8.38. And the median was 8.99.

BOM:500271's Cyclically Adjusted PB Ratio is ranked worse than
97.28% of 405 companies
in the Insurance industry
Industry Median: 1.22 vs BOM:500271: 10.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Max Financial Services's adjusted book value per share data for the three months ended in Mar. 2025 was ₹152.834. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹136.05 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Max Financial Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Max Financial Services's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Max Financial Services Cyclically Adjusted PB Ratio Chart

Max Financial Services Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.44

Max Financial Services Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 9.01 - 8.44

Competitive Comparison of Max Financial Services's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, Max Financial Services's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Max Financial Services's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Max Financial Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Max Financial Services's Cyclically Adjusted PB Ratio falls into.


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Max Financial Services Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Max Financial Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1502.00/136.05
=11.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Max Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Max Financial Services's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=152.834/157.5517*157.5517
=152.834

Current CPI (Mar. 2025) = 157.5517.

Max Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
200703 33.497 48.581 108.632
200803 69.622 52.407 209.306
200903 59.284 56.615 164.980
201003 63.322 65.030 153.413
201103 61.166 70.768 136.174
201203 94.975 76.889 194.612
201303 109.327 85.687 201.018
201403 112.089 91.425 193.162
201503 123.902 97.163 200.910
201603 73.627 102.518 113.151
201703 57.492 105.196 86.106
201803 67.786 109.786 97.278
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 76.434 118.202 101.879
201906 0.000 120.880 0.000
201909 79.100 123.175 101.176
201912 0.000 126.235 0.000
202003 79.646 124.705 100.624
202006 0.000 127.000 0.000
202009 85.786 130.118 103.873
202012 0.000 130.889 0.000
202103 96.872 131.771 115.825
202106 0.000 134.084 0.000
202109 108.526 135.847 125.866
202112 0.000 138.161 0.000
202203 114.009 138.822 129.391
202206 0.000 142.347 0.000
202209 113.311 144.661 123.408
202212 0.000 145.763 0.000
202303 101.944 146.865 109.362
202306 0.000 150.280 0.000
202309 108.721 151.492 113.070
202312 0.000 152.924 0.000
202403 112.504 153.035 115.825
202406 0.000 155.789 0.000
202409 149.773 157.882 149.459
202412 0.000 158.323 0.000
202503 152.834 157.552 152.834

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Max Financial Services  (BOM:500271) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Max Financial Services Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Max Financial Services's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Max Financial Services Business Description

Traded in Other Exchanges
Address
L20M, Plot No. C-001/A/1, Sector 16B, Max Towers, Noida, UP, IND, 201301
Max Financial Services Ltd is a non-bank private life insurance company. Max Group entities are Max Life Insurance Company, Max India, and Max Venture & Industries. Max Life Insurance Company is co-owned by Max Financial Services and Mitsui Sumitomo Insurance, a Japanese life insurance company. Max India offers healthcare and health insurance. The Max-Ventures and Industries division is an entrepreneurial division that helps the government with economic and commercial efforts. The company's operating segment involves Business Investment and Life Insurance. It generates majority of revenue from Life Insurance segment.

Max Financial Services Headlines

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