The historical rank and industry rank for Max Financial Services's ROE % or its related term are showing as below:
BOM:500271'
s ROE % Range Over the Past 10 Years
Min: 1.59 Med: 9.69 Max: 22.58
Current: 1.59
During the past 13 years, Max Financial Services's highest ROE % was 22.58%. The lowest was 1.59%. And the median was 9.69%.
BOM:500271's ROE % is ranked worse than 89.13% of 506
companies
in the Insurance industry
Industry Median: 11.675
vs BOM:500271: 1.59
Max Financial Services (BOM:500271) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, Max Financial Services's ROE % distribution charts can be found below:
* The bar in red indicates where Max Financial Services's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Max Financial Services (BOM:500271) has a ROE % of -2.00% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Max Financial Services and its competitors. Over the past decade, Max Financial Services' ROE % has ranged from 1.59 to 22.58. According to the industry distribution chart, Max Financial Services ranks #451 out of 506 companies in the Insurance industry, placing it in the top 89.1%.
Is Max Financial Services' ROE % too high?
Max Financial Services' current ROE % is -2.00%. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 22.58. Based on the distribution chart, Max Financial Services ranks #451 out of 506 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' ROE % compare to AFL and MET?
According to the Insurance industry distribution chart, Max Financial Services ranks #451 out of 506 companies for ROE %. This places Max Financial Services in the lower half of its industry. The industry median ROE % is 11.68. Historically, Max Financial Services' own ROE % has ranged from 1.59 to 22.58 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 ROE % for an Insurance company?
The median ROE % among Insurance companies is 11.68, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Max Financial Services and its competitors. For the Insurance industry, the median ROE % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Financial Services's current ROE % is -2.00%. 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 ₹1,270.31, compared to a current price of ₹1,583.10 — trading 24.6% above its estimated fair value. The current ROE % is -2.00%. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Max Financial Services (BOM:500271), the current ROE % is -2.00% 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 ₹1,583.10 is trading 24.6% above its estimated GF Value™ of ₹1,270.31.
GuruFocus considers Max Financial Services to be Modestly Overvalued.
Key valuation signals for BOM:500271:
ROE %: -2.00%
GF Value™: ₹1,270.31 vs. price of ₹1,583.10 (24.6% 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
ROE % 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 
