Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Medibank PvtASX:MPL 78 Equity-to-Asset is 0.55 as of Dec. 2025, which is 8% above its 10-year median of 0.51. GuruFocus rates ASX:MPL with a GF Score™ of 78/100 and a GF Value™ of A$4.40 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 505 Insurance companies, Medibank Pvt ranks better than 85.94% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Medibank Pvt's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$2,339 Mil. Medibank Pvt's Total Assets for the quarter that ended in Dec. 2025 was A$4,264 Mil.
Therefore, Medibank Pvt's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.55.
The historical rank and industry rank for Medibank Pvt's Equity-to-Asset or its related term are showing as below:
ASX:MPL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.51 Max: 0.61
Current: 0.55
During the past 11 years, the highest Equity to Asset Ratio of Medibank Pvt was 0.61. The lowest was 0.43. And the median was 0.51.
ASX:MPL's Equity-to-Asset is ranked better than 85.94% of 505
companies
in the Insurance industry
Industry Median: 0.26
vs ASX:MPL: 0.55
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Medibank Pvt Equity-to-Asset Related Terms
Medibank Pvt Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Medibank Pvt's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Insurance - Specialty subindustry, Medibank Pvt's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Medibank Pvt's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 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.
Medibank Pvt (ASX:MPL) has a Equity-to-Asset of 0.55 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Medibank Pvt and its competitors. This is near median its historical median of 0.51. Over the past decade, Medibank Pvt's Equity-to-Asset has ranged from 0.43 to 0.61. According to the industry distribution chart, Medibank Pvt ranks #71 out of 505 companies in the Insurance industry, placing it in the top 14.1%.
Is Medibank Pvt's Equity-to-Asset too high?
Medibank Pvt's current Equity-to-Asset of 0.55 is near median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.61. The Insurance industry median Equity-to-Asset is 0.26. Medibank Pvt's value of 0.55 is 111.5% above this industry median. Based on the distribution chart, Medibank Pvt ranks #71 out of 505 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Medibank Pvt has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Medibank Pvt's Equity-to-Asset compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #71 out of 505 companies for Equity-to-Asset. This places Medibank Pvt in the top 14% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.26. Medibank Pvt's value of 0.55 is 111.5% above this benchmark. Historically, Medibank Pvt's own Equity-to-Asset has ranged from 0.43 to 0.61 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.26, 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 Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Equity-to-Asset of 0.55 is 111.5% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Equity-to-Asset is 0.55, which is near median its own 10-year median of 0.51. 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$4.40, compared to a current price of A$5.11 — trading 16.1% above its estimated fair value. The current Equity-to-Asset is 0.55, which is near median its 10-year median of 0.51 and 111.5% above the Insurance industry median of 0.26. Medibank Pvt's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Equity-to-Asset is 0.55 as of Dec. 2025. 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$5.11 is trading 16.1% above its estimated GF Value™ of A$4.40.
GuruFocus considers Medibank Pvt to be Modestly Overvalued.
Key valuation signals for ASX:MPL:
Equity-to-Asset: 0.55 (near median its 10-year median of 0.51)
GF Value™: A$4.40 vs. price of A$5.11 (16.1% above fair value)
Industry Position: 111.5% above the Insurance median (#71 of 505)
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.
78GF Score
Get the complete analysis for ASX:MPL
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:MPL has been successfully added to your 
