Medibank Pvt (ASX:MPL) Dividend Payout Ratio: 0.93 (As of Dec. 2025) — 18% Above Median

What is Medibank Pvt Dividend Payout Ratio?

Medibank Pvt ASX:MPL +2.67% 77 Dividend Payout Ratio is 0.93 as of Dec. 2025, which is 18% above its 10-year median of 0.79. 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 335 Insurance companies, Medibank Pvt ranks worse than 92.84% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Medibank Pvt's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.93.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Medibank Pvt Ltd is 1.07, which seems too high.

The historical rank and industry rank for Medibank Pvt's Dividend Payout Ratio or its related term are showing as below:

ASX:MPL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.68 Med: 0.79 Max: 1.14
Current: 1.07

During the past 11 years, the highest Dividend Payout Ratio of Medibank Pvt was 1.14. The lowest was 0.68. And the median was 0.79.

ASX:MPL's Dividend Payout Ratio is ranked worse than
92.84% of 335 companies
in the Insurance industry
Industry Median: 0.38 vs ASX:MPL: 1.07

As of today (2026-06-25), the Dividend Yield % of Medibank Pvt is 3.78%.

During the past 11 years, the highest Trailing Annual Dividend Yield of Medibank Pvt was 5.28%. The lowest was 3.11%. And the median was 3.85%.

Medibank Pvt's Dividends per Share for the months ended in Dec. 2025 was A$0.10.

During the past 12 months, Medibank Pvt's average Dividends Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.30% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Medibank Pvt was 9.80% per year. The lowest was -0.50% per year. And the median was 5.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Medibank Pvt (ASX:MPL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Medibank Pvt Dividend Payout Ratio Related Terms

Medibank Pvt Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Medibank Pvt's Dividend Payout 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.

Medibank Pvt Dividend Payout Ratio Chart

Medibank Pvt Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Dividend Payout Ratio

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0.76

0.91

0.73

0.87

0.95

Medibank Pvt Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.66	1.33	0.76	1.35	0.93

ASX:MPL vs FNF, AXS, FAF: Dividend Payout Ratio Comparison

For the Insurance - Specialty subindustry, Medibank Pvt's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Medibank Pvt's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Medibank Pvt's Dividend Payout Ratio falls into.

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77GF Score

Medibank Pvt Ltd ASX:MPL

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Medibank Pvt Dividend Payout Ratio Calculation

Medibank Pvt's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2025 )	/	EPS without NRI (A: Jun. 2025 )
	=	0.172	/	0.182
	=	0.95

Medibank Pvt's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	0.102	/	0.11
	=	0.93

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.93 mean?

Medibank Pvt (ASX:MPL) has a Dividend Payout Ratio of 0.93 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Medibank Pvt and its competitors. This is 18% above median its historical median of 0.79. Over the past decade, Medibank Pvt's Dividend Payout Ratio has ranged from 0.68 to 1.14. According to the industry distribution chart, Medibank Pvt ranks #311 out of 335 companies in the Insurance industry, placing it in the top 92.8%.

Is Medibank Pvt's Dividend Payout Ratio too high?

Medibank Pvt's current Dividend Payout Ratio of 0.93 is 18% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.14. The Insurance industry median Dividend Payout Ratio is 0.38. Medibank Pvt's value of 0.93 is 144.7% above this industry median. Based on the distribution chart, Medibank Pvt ranks #311 out of 335 companies in the Insurance industry, which is in the bottom quartile relative to peers. 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 Dividend Payout Ratio compare to FNF and AXS?

According to the Insurance industry distribution chart, Medibank Pvt ranks #311 out of 335 companies for Dividend Payout Ratio. This places Medibank Pvt in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Medibank Pvt's value of 0.93 is 144.7% above this benchmark. Historically, Medibank Pvt's own Dividend Payout Ratio has ranged from 0.68 to 1.14 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.38, 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 Dividend Payout Ratio for an Insurance company?

The median Dividend Payout Ratio among Insurance companies is 0.38, based on 335 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Dividend Payout Ratio of 0.93 is 144.7% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Dividend Payout Ratio is 0.93, which is 18% above median its own 10-year median of 0.79. 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 Dividend Payout Ratio is 0.93, which is 18% above median its 10-year median of 0.79 and 144.7% above the Insurance industry median of 0.38. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Dividend Payout Ratio is 0.93 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:

Dividend Payout Ratio: 0.93 (18% above median its 10-year median of 0.79)
GF Value™: A$4.38 vs. price of A$4.99 (13.9% above fair value)
GF Score™: 77/100 with 6 warning signs
Industry Position: 144.7% above the Insurance median (#311 of 335)

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.

Medibank Pvt Business Description

Industry Financial Services Insurance

Comparable Companies ASX:NHF ASX:HLI FNF LSE:BEZ AXS SAU:8210 FAF ACT ESNT MTG RDN RYAN OSL:PROT AGO NMIH JSE:SNT LSE:LRE CAS:WAA TSX:TSU EIG

Other Exchanges MDBPF:USA MDBKY:USA

Address 695 Collins Street, Medibank Melbourne Hub, Level 2, Docklands, Melbourne, VIC, AUS, 3008

Website https://www.medibank.com.au

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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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$4.99

Price

A$4.38

GF Value

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