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As of today (2026-09-10), Medibank Pvt's share price is A$4.56. Medibank Pvt's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was A$0.63. Hence, Medibank Pvt's Price to Tangible Book Ratio of today is 7.22.
The historical rank and industry rank for Medibank Pvt's Price-to-Tangible-Book or its related term are showing as below:
ASX:MPL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.44 Med: 5.58 Max: 7.86
Current: 7.24
During the past 12 years, Medibank Pvt's highest Price to Tangible Book Ratio was 7.86. The lowest was 5.44. And the median was 5.58.
ASX:MPL's Price-to-Tangible-Book is ranked worse than 94.68% of 470
companies
in the Insurance industry
Industry Median: 1.52
vs ASX:MPL: 7.24
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Medibank Pvt Price-to-Tangible-Book Related Terms
Medibank Pvt Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Medibank Pvt's Price-to-Tangible-Book 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.
ASX:MPL vs FNF, RYAN, FAF: Price-to-Tangible-Book Comparison
For the Insurance - Specialty subindustry, Medibank Pvt's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Medibank Pvt (ASX:MPL) has a Price-to-Tangible-Book of 7.22 as of Sep. 10, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Medibank Pvt and its competitors. According to the industry distribution chart, Medibank Pvt ranks #445 out of 470 companies in the Insurance industry, placing it in the top 94.7%.
Is Medibank Pvt's Price-to-Tangible-Book too high?
Medibank Pvt's current Price-to-Tangible-Book is 7.22. The Insurance industry median Price-to-Tangible-Book is 1.52. Medibank Pvt's value of 7.22 is 375% above this industry median. Based on the distribution chart, Medibank Pvt ranks #445 out of 470 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Medibank Pvt has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Medibank Pvt's Price-to-Tangible-Book compare to FNF and RYAN?
According to the Insurance industry distribution chart, Medibank Pvt ranks #445 out of 470 companies for Price-to-Tangible-Book. This places Medibank Pvt in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.52. Medibank Pvt's value of 7.22 is 375% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.52, based on 470 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Price-to-Tangible-Book of 7.22 is 375% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Price-to-Tangible-Book is 7.22. 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 Fairly Valued. The stock's GF Value™ is A$4.72, compared to a current price of A$4.56 — trading 3.4% below its estimated fair value. The current Price-to-Tangible-Book is 7.22 and 375% above the Insurance industry median of 1.52. Medibank Pvt's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Price-to-Tangible-Book is 7.22 as of Sep. 10, 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 (ASX:MPL) Overvalued in 2026?
Based on GuruFocus' analysis, Medibank Pvt stock appears to be undervalued.
The current stock price of A$4.56 is trading 3.4% below its estimated GF Value™ of A$4.72.
GuruFocus considers Medibank Pvt to be Fairly Valued.
Key valuation signals for ASX:MPL:
Price-to-Tangible-Book: 7.22
GF Value™: A$4.72 vs. price of A$4.56 (3.4% below fair value)
Industry Position: 375% above the Insurance median (#445 of 470)
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.
80GF Score
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