ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Max Financial Services's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-1,054 Mil.
Max Financial Services's average Total Assets over the quarter that ended in Mar. 2026 was ₹1,989,356 Mil. Therefore, Max Financial Services's annualized ROA % for the quarter that ended in Mar. 2026 was -0.05%.
The historical rank and industry rank for Max Financial Services's ROA % or its related term are showing as below:
BOM:500271'
s ROA % Range Over the Past 10 Years
Min: 0.04 Med: 0.27 Max: 0.92
Current: 0.04
During the past 13 years, Max Financial Services's highest ROA % was 0.92%. The lowest was 0.04%. And the median was 0.27%.
BOM:500271's ROA % is ranked worse than 90.59% of 510
companies
in the Insurance industry
Industry Median: 2.68
vs BOM:500271: 0.04
Max Financial Services (BOM:500271) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
* 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 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.
Max Financial Services ROA % vs Insurance Industry
For the Insurance industry and Financial Services sector, Max Financial Services's ROA % distribution charts can be found below:
* The bar in red indicates where Max Financial Services'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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Max Financial Services (BOM:500271) has a ROA % of -0.05% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Max Financial Services and its competitors. Over the past decade, Max Financial Services' ROA % has ranged from 0.04 to 0.92. According to the industry distribution chart, Max Financial Services ranks #462 out of 510 companies in the Insurance industry, placing it in the top 90.6%.
Is Max Financial Services' ROA % too high?
Max Financial Services' current ROA % is -0.05%. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.92. Based on the distribution chart, Max Financial Services ranks #462 out of 510 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Max Financial Services has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Max Financial Services' ROA % compare to AFL and MET?
According to the Insurance industry distribution chart, Max Financial Services ranks #462 out of 510 companies for ROA %. This places Max Financial Services in the lower half of its industry. The industry median ROA % is 2.68. Historically, Max Financial Services' own ROA % has ranged from 0.04 to 0.92 over the past decade. 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 2.68, based on 510 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. 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 Max Financial Services and its competitors. For the Insurance industry, the median ROA % is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Financial Services's current ROA % is -0.05%. 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 ₹1,271.18, compared to a current price of ₹1,609.55 — trading 26.6% above its estimated fair value. The current ROA % is -0.05%. Max Financial Services' overall GF Score™ is 74/100 with 5 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 Max Financial Services (BOM:500271), the current ROA % is -0.05% as of Mar. 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 ₹1,609.55 is trading 26.6% above its estimated GF Value™ of ₹1,271.18.
GuruFocus considers Max Financial Services to be Modestly Overvalued.
Key valuation signals for BOM:500271:
ROA %: -0.05%
GF Value™: ₹1,271.18 vs. price of ₹1,609.55 (26.6% above fair value)
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.
74GF Score
Get the complete analysis for BOM:500271
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500271 has been successfully added to your 
