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Max Healthcare InstituteNSE:MAXHEALTH +3.17%94 PE Ratio without NRI is 73.48 as of Jul. 28, 2026, which is 2% above its 10-year median of 72.27. GuruFocus rates NSE:MAXHEALTH with a GF Score™ of 94/100 and a GF Value™ of ₹1,443.43 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 439 Healthcare Providers & Services companies, Max Healthcare Institute ranks worse than 88.84% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-28), Max Healthcare Institute's share price is ₹1114.60.
Max Healthcare Institute's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was ₹15.17. Therefore, Max Healthcare Institute's PE Ratio without NRI for today is 73.48.
During the past 12 years, Max Healthcare Institute's highest PE Ratio without NRI was 979.85. The lowest was 37.90. And the median was 72.27.
Max Healthcare Institute (NSE:MAXHEALTH) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Max Healthcare Institute PE Ratio without NRI Related Terms
Max Healthcare Institute PE Ratio without NRI Historical Data
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The historical data trend for Max Healthcare Institute's PE Ratio without NRI 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.
Max Healthcare Institute PE Ratio without NRI Chart
NSE:MAXHEALTH vs HCA, THC, DVA: PE Ratio without NRI Comparison
For the Medical Care Facilities subindustry, Max Healthcare Institute's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 Healthcare Institute PE Ratio without NRI vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Max Healthcare Institute's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Max Healthcare Institute's PE Ratio without NRI falls into.
Max Healthcare Institute PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Max Healthcare Institute's Share Price of today is ₹1114.60.
Max Healthcare Institute's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹15.17.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Max Healthcare Institute (NSE:MAXHEALTH) has a PE Ratio without NRI of 73.48 as of Jul. 28, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Max Healthcare Institute and its competitors. This is near median its historical median of 72.27. Over the past decade, Max Healthcare Institute's PE Ratio without NRI has ranged from 37.90 to 979.85. According to the industry distribution chart, Max Healthcare Institute ranks #390 out of 439 companies in the Healthcare Providers & Services industry, placing it in the top 88.8%.
Is Max Healthcare Institute's PE Ratio without NRI too high?
Max Healthcare Institute's current PE Ratio without NRI of 73.48 is near median its 10-year median of 72.27. Over the past 10 years, this metric has ranged from a low of 37.90 to a high of 979.85. The Healthcare Providers & Services industry median PE Ratio without NRI is 20.04. Max Healthcare Institute's value of 73.48 is 266.7% above this industry median. Based on the distribution chart, Max Healthcare Institute ranks #390 out of 439 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Max Healthcare Institute has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Max Healthcare Institute's PE Ratio without NRI compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Max Healthcare Institute ranks #390 out of 439 companies for PE Ratio without NRI. This places Max Healthcare Institute in the lower half of its industry. The industry median PE Ratio without NRI is 20.04. Max Healthcare Institute's value of 73.48 is 266.7% above this benchmark. Historically, Max Healthcare Institute's own PE Ratio without NRI has ranged from 37.90 to 979.85 over the past decade. While the company's 10-year median is 72.27 vs. the industry median of 20.04, Max Healthcare Institute 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 PE Ratio without NRI for a Healthcare Providers & Services company?
The median PE Ratio without NRI among Healthcare Providers & Services companies is 20.04, based on 439 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Max Healthcare Institute's current PE Ratio without NRI of 73.48 is 266.7% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Max Healthcare Institute and its competitors. For the Healthcare Providers & Services industry, the median PE Ratio without NRI is 20.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Healthcare Institute's current PE Ratio without NRI is 73.48, which is near median its own 10-year median of 72.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Healthcare Institute stock overvalued right now?
Based on GuruFocus' analysis, Max Healthcare Institute (NSE:MAXHEALTH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,443.43, compared to a current price of ₹1,114.60 — trading 22.8% below its estimated fair value. The current PE Ratio without NRI is 73.48, which is near median its 10-year median of 72.27 and 266.7% above the Healthcare Providers & Services industry median of 20.04. Max Healthcare Institute's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Max Healthcare Institute (NSE:MAXHEALTH), the current PE Ratio without NRI is 73.48 as of Jul. 28, 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 Healthcare Institute (NSE:MAXHEALTH) Overvalued in 2026?
Based on GuruFocus' analysis, Max Healthcare Institute stock appears to be undervalued.
The current stock price of ₹1,114.60 is trading 22.8% below its estimated GF Value™ of ₹1,443.43.
GuruFocus considers Max Healthcare Institute to be Modestly Undervalued.
Key valuation signals for NSE:MAXHEALTH:
PE Ratio without NRI: 73.48 (near median its 10-year median of 72.27)
GF Value™: ₹1,443.43 vs. price of ₹1,114.60 (22.8% below fair value)
Industry Position: 266.7% above the Healthcare Providers & Services median (#390 of 439)
No single metric tells the full story. See the NSE:MAXHEALTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Healthcare Institute Ltd is a health care service provider. The company's facilities include third-party healthcare providers with whom the company has entered long-term service contracts for providing clinical, radiology, and pathology services. Its hospitals provide the full range of services through its Outpatient, Day Care, Emergency Room, and In-Patient departments to accommodate medical specialties such as orthopedics, internal medicine, general surgery, cardiac sciences, oncology, neurosciences, and obstetrics, as well as diagnostics. The group derives revenue from India.
94GF Score
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