Max Financial Services (NSE:MFSL) EV-to-OCF: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:MFSL Max Financial Services Ltd NSE:MFSL
77 GF Score
Price ₹1,559.00
GF Value ₹1,312.09
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Max Financial Services EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Max Financial Services's Enterprise Value is ₹551,538 Mil. Max Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₹ Mil. Therefore, Max Financial Services's EV-to-OCF for today is .

The historical rank and industry rank for Max Financial Services's EV-to-OCF or its related term are showing as below:

NSE:MFSL' s EV-to-OCF Range Over the Past 10 Years
Min: 4.52   Med: 0   Max: 4.52
Current: 4.52

During the past 13 years, the highest EV-to-OCF of Max Financial Services was 4.52. The lowest was 4.52. And the median was .

NSE:MFSL's EV-to-OCF is ranked better than
58.2% of 500 companies
in the Insurance industry
Industry Median: 6.285 vs NSE:MFSL: 4.52

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-20), Max Financial Services's stock price is ₹1559.00. Max Financial Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹3.201. Therefore, Max Financial Services's PE Ratio (TTM) for today is 487.04.


Max Financial Services  (NSE:MFSL) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Max Financial Services's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1559.00/3.201
=487.04

Max Financial Services's share price for today is ₹1559.00.
Max Financial Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3.201.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Max Financial Services EV-to-OCF Related Terms


Max Financial Services EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Max Financial Services's EV-to-OCF 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.

Max Financial Services EV-to-OCF Chart

Max Financial Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 2.21 5.57 4.85 4.56

Max Financial Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF 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 - - - - -

NSE:MFSL vs MET, AFL: EV-to-OCF Comparison

For the Insurance - Life subindustry, Max Financial Services's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Insurance Industry

For the Insurance industry and Financial Services sector, Max Financial Services's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Max Financial Services's EV-to-OCF falls into.


NSE:MFSL
77GF Score
Max Financial Services Ltd NSE:MFSL
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Max Financial Services EV-to-OCF Calculation

Max Financial Services's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=551537.783/
=

Max Financial Services's current Enterprise Value is ₹551,538 Mil.
Max Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹ Mil.

* 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.

Is Max Financial Services (NSE:MFSL) Overvalued in 2026?

Based on GuruFocus' analysis, Max Financial Services stock appears to be overvalued. The current stock price of ₹1,559.00 is trading 18.8% above its estimated GF Value™ of ₹1,312.09. GuruFocus considers Max Financial Services to be Modestly Overvalued.

Key valuation signals for NSE:MFSL:

  • EV-to-OCF:
  • GF Value™: ₹1,312.09 vs. price of ₹1,559.00 (18.8% above fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the NSE:MFSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Max Financial Services Business Description

Other Exchanges 500271:India
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.
77GF Score

Get the complete analysis for NSE:MFSL

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,559.00
Price
₹1,312.09
GF Value