Medibank PvtASX:MPL +0.20%77 Cyclically Adjusted PS Ratio is 1.63 as of Jul. 04, 2026, which is 9% above its 10-year median of 1.50. GuruFocus rates ASX:MPL with a GF Score™ of 77/100 and a GF Value™ of A$4.39 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 414 Insurance companies, Medibank Pvt ranks worse than 64.49% on this metric.
The historical rank and industry rank for Medibank Pvt's Cyclically Adjusted PS Ratio or its related term are showing as below:
ASX:MPL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18 Med: 1.5 Max: 1.71
Current: 1.62
During the past 11 years, Medibank Pvt's highest Cyclically Adjusted PS Ratio was 1.71. The lowest was 1.18. And the median was 1.50.
ASX:MPL's Cyclically Adjusted PS Ratio is ranked worse than 64.49% of 414
companies
in the Insurance industry
Industry Median: 1.195
vs ASX:MPL: 1.62
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Medibank Pvt's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$3.103. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is A$3.06 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Medibank Pvt (ASX:MPL) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Medibank Pvt Cyclically Adjusted PS Ratio Related Terms
Medibank Pvt Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Medibank Pvt's Cyclically Adjusted PS 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.
ASX:MPL vs FNF, AXS, FAF: Cyclically Adjusted PS Ratio Comparison
For the Insurance - Specialty subindustry, Medibank Pvt's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Medibank Pvt Cyclically Adjusted PS Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's Cyclically Adjusted PS Ratio falls into.
Medibank Pvt Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Medibank Pvt's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 1.63 mean?
Medibank Pvt (ASX:MPL) has a Cyclically Adjusted PS Ratio of 1.63 as of Jul. 04, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Medibank Pvt and its competitors. This is near median its historical median of 1.50. Over the past decade, Medibank Pvt's Cyclically Adjusted PS Ratio has ranged from 1.18 to 1.71. According to the industry distribution chart, Medibank Pvt ranks #267 out of 414 companies in the Insurance industry, placing it in the top 64.5%.
Is Medibank Pvt's Cyclically Adjusted PS Ratio too high?
Medibank Pvt's current Cyclically Adjusted PS Ratio of 1.63 is near median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 1.71. The Insurance industry median Cyclically Adjusted PS Ratio is 1.20. Medibank Pvt's value of 1.63 is 36.4% above this industry median. Based on the distribution chart, Medibank Pvt ranks #267 out of 414 companies in the Insurance industry, which is below the industry midpoint. Overall, Medibank Pvt has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Medibank Pvt's Cyclically Adjusted PS Ratio compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #267 out of 414 companies for Cyclically Adjusted PS Ratio. This places Medibank Pvt in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.20. Medibank Pvt's value of 1.63 is 36.4% above this benchmark. Historically, Medibank Pvt's own Cyclically Adjusted PS Ratio has ranged from 1.18 to 1.71 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.20, Medibank Pvt has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.20, based on 414 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Cyclically Adjusted PS Ratio of 1.63 is 36.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Cyclically Adjusted PS Ratio is 1.63, which is near median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medibank Pvt stock overvalued right now?
Based on GuruFocus' analysis, Medibank Pvt (ASX:MPL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.39, compared to a current price of A$5.00 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.63, which is near median its 10-year median of 1.50 and 36.4% above the Insurance industry median of 1.20. Medibank Pvt's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Cyclically Adjusted PS Ratio is 1.63 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Medibank Pvt (ASX:MPL) Overvalued in 2026?
Based on GuruFocus' analysis, Medibank Pvt stock appears to be overvalued.
The current stock price of A$5.00 is trading 13.9% above its estimated GF Value™ of A$4.39.
GuruFocus considers Medibank Pvt to be Modestly Overvalued.
Key valuation signals for ASX:MPL:
Cyclically Adjusted PS Ratio: 1.63 (near median its 10-year median of 1.50)
GF Value™: A$4.39 vs. price of A$5.00 (13.9% above fair value)
Industry Position: 36.4% above the Insurance median (#267 of 414)
No single metric tells the full story. See the ASX:MPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and Ahm, cover around 5 million people. Medibank and Australia's fourth-largest health fund, NIB Holdings, are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.
77GF Score
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