Medibank PvtFRA:MPV +2.05%76 PB Ratio is 6.18 as of Jun. 26, 2026, which is 31% above its 10-year median of 4.70. GuruFocus rates FRA:MPV with a GF Score™ of 76/100 and a GF Value™ of €2.67. The stock has 6 warning signs investors should review. Among 497 Insurance companies, Medibank Pvt ranks worse than 94.16% on this metric.
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. As of today (2026-06-26), Medibank Pvt's share price is €2.98. Medibank Pvt's Book Value per Share for the quarter that ended in Dec. 2025 was €0.48. Hence, Medibank Pvt's PB Ratio of today is 6.18.
Warning Sign:
Medibank Pvt Ltd stock PB Ratio (=5.71) is close to 10-year high of 6.16.
The historical rank and industry rank for Medibank Pvt's PB Ratio or its related term are showing as below:
FRA:MPV'
s PB Ratio Range Over the Past 10 Years
Min: 3.51 Med: 4.7 Max: 6.16
Current: 5.67
During the past 11 years, Medibank Pvt's highest PB Ratio was 6.16. The lowest was 3.51. And the median was 4.70.
FRA:MPV's PB Ratio is ranked worse than 94.16% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs FRA:MPV: 5.67
During the past 12 months, Medibank Pvt's average Book Value Per Share Growth Rate was -2.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Medibank Pvt was 8.20% per year. The lowest was 0.10% per year. And the median was 5.50% 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.
Medibank Pvt PB Ratio Related Terms
Medibank Pvt PB Ratio Historical Data
* Premium members only.
The historical data trend for Medibank Pvt's PB 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.
For the Insurance - Specialty subindustry, Medibank Pvt'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.
Medibank Pvt PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's PB Ratio distribution charts can be found below:
* The bar in red indicates where Medibank Pvt'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.
Medibank Pvt's PB Ratio for today is calculated as follows:
* 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.
Medibank Pvt (FRA:MPV) has a PB Ratio of 6.18 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Medibank Pvt and its competitors. This is 31% above median its historical median of 4.70. Over the past decade, Medibank Pvt's PB Ratio has ranged from 3.51 to 6.16. According to the industry distribution chart, Medibank Pvt ranks #468 out of 497 companies in the Insurance industry, placing it in the top 94.2%.
Is Medibank Pvt's PB Ratio too high?
Medibank Pvt's current PB Ratio of 6.18 is 31% above median its 10-year median of 4.70. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 6.16. The Insurance industry median PB Ratio is 1.38. Medibank Pvt's value of 6.18 is 347.8% above this industry median. Based on the distribution chart, Medibank Pvt ranks #468 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Medibank Pvt has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Medibank Pvt's PB Ratio compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #468 out of 497 companies for PB Ratio. This places Medibank Pvt in the lower half of its industry. The industry median PB Ratio is 1.38. Medibank Pvt's value of 6.18 is 347.8% above this benchmark. Historically, Medibank Pvt's own PB Ratio has ranged from 3.51 to 6.16 over the past decade. While the company's 10-year median is 4.70 vs. the industry median of 1.38, 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 PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.38, based on 497 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. Medibank Pvt's current PB Ratio of 6.18 is 347.8% 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 Medibank Pvt and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current PB Ratio is 6.18, which is 31% above median its own 10-year median of 4.70. 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?
Medibank Pvt (FRA:MPV) has a current PB Ratio of 6.18. The stock's GF Value™ is €2.67, compared to a current price of €2.98 — trading 11.6% above its estimated fair value. The current PB Ratio is 6.18, which is 31% above median its 10-year median of 4.70 and 347.8% above the Insurance industry median of 1.38. Medibank Pvt's overall GF Score™ is 76/100 with 6 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 Medibank Pvt (FRA:MPV), the current PB Ratio is 6.18 as of Jun. 26, 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 Medibank Pvt (FRA:MPV) Overvalued in 2026?
Based on GuruFocus' analysis, Medibank Pvt stock appears to be overvalued.
The current stock price of €2.98 is trading 11.6% above its estimated GF Value™ of €2.67.
Key valuation signals for FRA:MPV:
PB Ratio: 6.18 (31% above median its 10-year median of 4.70)
GF Value™: €2.67 vs. price of €2.98 (11.6% above fair value)
Industry Position: 347.8% above the Insurance median (#468 of 497)
No single metric tells the full story. See the FRA:MPV 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.
76GF Score
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