Medibank PvtASX:MPL +2.67%77 Net Margin % is 6.60% as of Dec. 2025, which is 6% above its 10-year median of 6.22. GuruFocus rates ASX:MPL with a GF Score™ of 77/100 and a GF Value™ of A$4.38 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 501 Insurance companies, Medibank Pvt ranks worse than 69.26% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Medibank Pvt's Net Income for the
six
months ended in Dec. 2025 was A$303 Mil. Medibank Pvt's Revenue for the
six
months ended in Dec. 2025 was A$4,587 Mil. Therefore, Medibank Pvt's net margin for the quarter that ended in Dec. 2025 was 6.60%.
The historical rank and industry rank for Medibank Pvt's Net Margin % or its related term are showing as below:
ASX:MPL'
s Net Margin % Range Over the Past 10 Years
Min: 4.65 Med: 6.22 Max: 6.82
Current: 5.3
ASX:MPL's Net Margin % is ranked worse than 69.26% of 501
companies
in the Insurance industry
Industry Median: 9.29
vs ASX:MPL: 5.30
Medibank Pvt (ASX:MPL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Medibank Pvt Net Margin % Related Terms
Medibank Pvt Net Margin % Historical Data
* Premium members only.
The historical data trend for Medibank Pvt's Net Margin % 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.
For the Insurance - Specialty subindustry, Medibank Pvt's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's Net Margin % distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's Net Margin % falls into.
* 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 Net Margin % of 6.60% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Medibank Pvt and its competitors. This is near median its historical median of 6.22. Over the past decade, Medibank Pvt's Net Margin % has ranged from 4.65 to 6.82. According to the industry distribution chart, Medibank Pvt ranks #347 out of 501 companies in the Insurance industry, placing it in the top 69.3%.
Is Medibank Pvt's Net Margin % too high?
Medibank Pvt's current Net Margin % of 6.60% is near median its 10-year median of 6.22. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 6.82. The Insurance industry median Net Margin % is 9.29. Medibank Pvt's value of 6.60% is 29% below this industry median. Based on the distribution chart, Medibank Pvt ranks #347 out of 501 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 Net Margin % compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #347 out of 501 companies for Net Margin %. This places Medibank Pvt in the lower half of its industry. The industry median Net Margin % is 9.29. Medibank Pvt's value of 6.60% is 29% below this benchmark. Historically, Medibank Pvt's own Net Margin % has ranged from 4.65 to 6.82 over the past decade. While the company's 10-year median is 6.22 vs. the industry median of 9.29, Medibank Pvt has consistently been below 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 Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Net Margin % of 6.60% is 29% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Net Margin % is 6.60%, which is near median its own 10-year median of 6.22. 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$4.38, compared to a current price of A$4.99 — trading 13.9% above its estimated fair value. The current Net Margin % is 6.60%, which is near median its 10-year median of 6.22 and 29% below the Insurance industry median of 9.29. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Net Margin % is 6.60% 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$4.99 is trading 13.9% above its estimated GF Value™ of A$4.38.
GuruFocus considers Medibank Pvt to be Modestly Overvalued.
Key valuation signals for ASX:MPL:
Net Margin %: 6.60% (near median its 10-year median of 6.22)
GF Value™: A$4.38 vs. price of A$4.99 (13.9% above fair value)
Industry Position: 29% below the Insurance median (#347 of 501)
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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