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The historical rank and industry rank for Max Financial Services's PB Ratio or its related term are showing as below:
BOM:500271'
s PB Ratio Range Over the Past 10 Years
Min: 4.21 Med: 7.89 Max: 11.21
Current: 9.76
During the past 13 years, Max Financial Services's highest PB Ratio was 11.21. The lowest was 4.21. And the median was 7.89.
BOM:500271's PB Ratio is ranked worse than 97.78% of 496
companies
in the Insurance industry
Industry Median: 1.405
vs BOM:500271: 9.76
During the past 12 months, Max Financial Services's average Book Value Per Share Growth Rate was 0.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Max Financial Services was 73.60% per year. The lowest was -20.00% per year. And the median was 11.85% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 - Life subindustry, Max Financial Services's PB Ratio, along with its competitors' market caps and PB 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.
Max Financial Services PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Max Financial Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where Max Financial Services's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Max Financial Services (BOM:500271) has a PB Ratio of 9.96 as of Aug. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Max Financial Services and its competitors. This is 26% above median its historical median of 7.89. Over the past decade, Max Financial Services' PB Ratio has ranged from 4.21 to 11.21. According to the industry distribution chart, Max Financial Services ranks #485 out of 496 companies in the Insurance industry, placing it in the top 97.8%.
Is Max Financial Services' PB Ratio too high?
Max Financial Services' current PB Ratio of 9.96 is 26% above median its 10-year median of 7.89. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 11.21. The Insurance industry median PB Ratio is 1.41. Max Financial Services' value of 9.96 is 608.9% above this industry median. Based on the distribution chart, Max Financial Services ranks #485 out of 496 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Max Financial Services has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Max Financial Services' PB Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Max Financial Services ranks #485 out of 496 companies for PB Ratio. This places Max Financial Services in the lower half of its industry. The industry median PB Ratio is 1.41. Max Financial Services' value of 9.96 is 608.9% above this benchmark. Historically, Max Financial Services' own PB Ratio has ranged from 4.21 to 11.21 over the past decade. While the company's 10-year median is 7.89 vs. the industry median of 1.41, Max Financial Services 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 PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.41, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Max Financial Services's current PB Ratio of 9.96 is 608.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Max Financial Services and its competitors. For the Insurance industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Financial Services's current PB Ratio is 9.96, which is 26% above median its own 10-year median of 7.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Max Financial Services (BOM:500271) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,284.28, compared to a current price of ₹1,532.90 — trading 19.4% above its estimated fair value. The current PB Ratio is 9.96, which is 26% above median its 10-year median of 7.89 and 608.9% above the Insurance industry median of 1.41. Max Financial Services' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Max Financial Services (BOM:500271), the current PB Ratio is 9.96 as of Aug. 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 Max Financial Services (BOM:500271) Overvalued in 2026?
Based on GuruFocus' analysis, Max Financial Services stock appears to be overvalued.
The current stock price of ₹1,532.90 is trading 19.4% above its estimated GF Value™ of ₹1,284.28.
GuruFocus considers Max Financial Services to be Modestly Overvalued.
Key valuation signals for BOM:500271:
PB Ratio: 9.96 (26% above median its 10-year median of 7.89)
GF Value™: ₹1,284.28 vs. price of ₹1,532.90 (19.4% above fair value)
Industry Position: 608.9% above the Insurance median (#485 of 496)
No single metric tells the full story. See the BOM:500271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 BOM:500271
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