Medibank PvtASX:MPL +2.67%77 ROA % is 13.52% as of Dec. 2025, which is 18% above its 10-year median of 11.46. 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 506 Insurance companies, Medibank Pvt ranks better than 93.28% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Medibank Pvt's annualizedNet Income for the quarter that ended in Dec. 2025 was A$606 Mil.
Medibank Pvt's average Total Assets over the quarter that ended in Dec. 2025 was A$4,482 Mil. Therefore, Medibank Pvt's annualized ROA % for the quarter that ended in Dec. 2025 was 13.52%.
The historical rank and industry rank for Medibank Pvt's ROA % or its related term are showing as below:
ASX:MPL'
s ROA % Range Over the Past 10 Years
Min: 8.52 Med: 11.46 Max: 13.36
Current: 10.55
During the past 11 years, Medibank Pvt's highest ROA % was 13.36%. The lowest was 8.52%. And the median was 11.46%.
ASX:MPL's ROA % is ranked better than 93.28% of 506
companies
in the Insurance industry
Industry Median: 2.7
vs ASX:MPL: 10.55
Medibank Pvt (ASX:MPL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Medibank Pvt ROA % Related Terms
Medibank Pvt ROA % Historical Data
* Premium members only.
The historical data trend for Medibank Pvt's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's ROA % distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Medibank Pvt (ASX:MPL) has a ROA % of 13.52% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Medibank Pvt and its competitors. This is 18% above median its historical median of 11.46. Over the past decade, Medibank Pvt's ROA % has ranged from 8.52 to 13.36. According to the industry distribution chart, Medibank Pvt ranks #34 out of 506 companies in the Insurance industry, placing it in the top 6.7%.
Is Medibank Pvt's ROA % too high?
Medibank Pvt's current ROA % of 13.52% is 18% above median its 10-year median of 11.46. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 13.36. The Insurance industry median ROA % is 2.70. Medibank Pvt's value of 13.52% is 400.7% above this industry median. Based on the distribution chart, Medibank Pvt ranks #34 out of 506 companies in the Insurance industry, which is in the top quartile — a strong position 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 ROA % compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #34 out of 506 companies for ROA %. This places Medibank Pvt in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 2.70. Medibank Pvt's value of 13.52% is 400.7% above this benchmark. Historically, Medibank Pvt's own ROA % has ranged from 8.52 to 13.36 over the past decade. While the company's 10-year median is 11.46 vs. the industry median of 2.70, 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 ROA % for an Insurance company?
The median ROA % among Insurance companies is 2.70, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current ROA % of 13.52% is 400.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median ROA % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current ROA % is 13.52%, which is 18% above median its own 10-year median of 11.46. 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 ROA % is 13.52%, which is 18% above median its 10-year median of 11.46 and 400.7% above the Insurance industry median of 2.70. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current ROA % is 13.52% 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:
ROA %: 13.52% (18% above median its 10-year median of 11.46)
GF Value™: A$4.38 vs. price of A$4.99 (13.9% above fair value)
Industry Position: 400.7% above the Insurance median (#34 of 506)
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.
77GF Score
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