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STOCK COMPARISON

Mirae Asset Life Insurance Co vs China Life Insurance Co Ltd A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Mirae Asset Life Insurance Co (085620) and China Life Insurance Co Ltd A (601628) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: Mirae Asset Life Insurance Co trades at KRW 19,320 versus a fair value of KRW 14,935 (-23%), while China Life Insurance Co Ltd A trades at ¥38.60 versus ¥49.98 (+29%).
Mirae Asset Life Insurance Co
085620.KO · KRW · Financials
-23%
upside to fair value
overvalued
PriceKRW 19,320
Fair ValueKRW 14,935
Quality51/100
China Life Insurance Co Ltd A
601628.SHG · CNY · Financials
+29%
upside to fair value
undervalued
Price¥38.60
Fair Value¥49.98
Quality63/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Mirae Asset Life Insurance CoChina Life Insurance Co Ltd A
Valuation
n/aP/E (TTM)7.3×
n/aP/S (TTM)3.19×
n/aP/B1.83×
n/aEV/EBITDA6.1×
n/aPEG0.68×
−22.7%Fair value upside+29.5%
n/aDividend yield2.2%
n/aDividend per share¥0.86
Profitability
21%Operating margin38%
0.64×EBIT margin trend (5Y)4.26×
7%Return on equity25%
2%Return on assets2%
Growth
145%Revenue growth (YoY)-15%
19.9%Avg. growth/yr (3Y)-9.5%
9.7%Avg. growth/yr (5Y)-4.8%
+10.6%Value creation/yr+30.4%
Balance & size
7.0×Interest coverage (EBIT/interest)43.7×
0.25×Debt / equity0.06×
$2BMarket cap$163B
healthyGrowth qualityweak

China Life Insurance Co Ltd A leads: 3 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Mirae Asset Life Insurance Coof which business quality 46 · market factors 57 China Life Insurance Co Ltd Aof which business quality 57 · market factors 44
ProfitabilityMargins and returns on capital today
16
47
Quality GrowthAre margins and returns improving?
48
68
CashflowEarnings quality: real cash, not paper profit
57
100
Fin. StrengthBalance sheet, leverage, solvency risk
11
1
InvestmentDisciplined investing over empire-building
100
59
Low VolatilityCalm price path (market factor)
50
68
MomentumPrice trend over the last 3–12 months (market factor)
52
37
52W MomentumDistance to the 52-week high (market factor)
72
31
Net IssuanceShare count: buybacks or dilution?
82
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyMirae Asset Life Insurance CoPrice KRW 19,320China Life Insurance Co Ltd APrice ¥38.60
Dividend Discountn/a-57%below the price¥16.56
Multiples-22%below the priceKRW 15,034+30%above the price¥50.18
Asset-Based-35%below the priceKRW 12,571-63%below the price¥14.11
Economic Profit-30%below the priceKRW 13,559+42%above the price¥54.77
Minimum-35%below the priceKRW 12,571-63%below the price¥14.11
Maximum-22%below the priceKRW 15,034+42%above the price¥54.77
Median-30%below the priceKRW 13,559-14%close to the price¥33.37
Geometric mean-29%below the priceKRW 13,684-27%below the price¥28.31

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Mirae Asset Life Insurance Co: 4 of 4 models see the stock below the current price.

China Life Insurance Co Ltd A: 4 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Mirae Asset Life Insurance Co
Price KRW 19,320
Fair Value KRW 14,935
Bear KRW 11,201Bull KRW 18,668
China Life Insurance Co Ltd A
Price ¥38.60
Fair Value ¥49.98
Bear ¥36.45Bull ¥62.47

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Mirae Asset Life Insurance Co · Financials

Quality score51 · below median
Fair value upside-23% · below median

China Life Insurance Co Ltd A · Financials

Quality score63 · Top 25%
Fair value upside+29% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: Mirae Asset Life Insurance Co trades at KRW 19,320 versus a fair value of KRW 14,935 (-23%), while China Life Insurance Co Ltd A trades at ¥38.60 versus ¥49.98 (+29%).

China Life Insurance Co Ltd A has the higher quality score (63/100).

Open China Life Insurance Co Ltd A live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.