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STOCK COMPARISON

HDFC Life Insurance Company vs China Life Insurance Co Ltd A: Fair Value & Quality

Both stocks run through our valuation models. Here is how HDFC Life Insurance Company (HDFCLIFE) and China Life Insurance Co Ltd A (601628) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: HDFC Life Insurance Company trades at ₹543 versus a fair value of ₹114 (-79%), while China Life Insurance Co Ltd A trades at ¥38.15 versus ¥70.87 (+86%).
HDFC Life Insurance Company
HDFCLIFE.NSE · INR · Financials
-79%
upside to fair value
overvalued
Price₹543
Fair Value₹114
Quality44/100
China Life Insurance Co Ltd A
601628.SHG · CNY · Financials
+86%
upside to fair value
undervalued
Price¥38.15
Fair Value¥70.87
Quality57/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

HDFC Life Insurance CompanyChina Life Insurance Co Ltd A
Valuation
62.1×P/E (TTM)7.3×
1.18×P/S (TTM)3.09×
6.95×P/B1.78×
51.8×EV/EBITDA6.0×
PEG0.68×
Dividend yield2.3%
₹2.10Dividend per share¥0.86
Profitability
2%Net margin42%
2%Operating margin38%
11%Return on equity25%
0%Return on assets2%
Growth
15%Revenue growth (YoY)-15%
12.5%Avg. growth/yr (3Y)-9.5%
6.9%Avg. growth/yr (5Y)-4.8%
Balance & size
0.18×Debt / equity0.06×
$13BMarket cap$157B
healthyGrowth qualityweak

China Life Insurance Co Ltd A leads: 4 to 8 metric wins.

Dash = 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.

HDFC Life Insurance Companyof which business quality 48 · market factors 35 China Life Insurance Co Ltd Aof which business quality 57 · market factors 42
ProfitabilityMargins and returns on capital today
25
47
Quality GrowthAre margins and returns improving?
40
68
CashflowEarnings quality: real cash, not paper profit
100
100
Fin. StrengthBalance sheet, leverage, solvency risk
2
1
InvestmentDisciplined investing over empire-building
55
59
Low VolatilityCalm price path (market factor)
92
68
MomentumPrice trend over the last 3–12 months (market factor)
17
32
52W MomentumDistance to the 52-week high (market factor)
2
29
Net IssuanceBuybacks instead of dilution
79
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

HDFC Life Insurance Company

DCF Models₹1,348
Earnings-Based₹121
Dividend Discount₹43.89
Multiples₹150
Asset-Based₹54.75
Growth DCF₹2,723
Economic Profit₹94.45
Growth Earnings₹177

17 of 26 models see the stock below the current price.

China Life Insurance Co Ltd A

DCF Models¥330
Earnings-Based¥135
Dividend Discount¥17.98
Multiples¥74.21
Asset-Based¥14.11
Growth DCF¥752
Economic Profit¥84.37
Growth Earnings¥170

3 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

HDFC Life Insurance Company
Bear ₹85.85Fair Value ₹114Bull ₹143
₹543 = current price (white tick)
China Life Insurance Co Ltd A
Bear ¥53.15Fair Value ¥70.87Bull ¥88.58
¥38.15 = current price (white tick)

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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.

HDFC Life Insurance Company · Financials

Quality score44 · bottom 25%
Fair value upside-79% · bottom 25%

China Life Insurance Co Ltd A · Financials

Quality score57 · above median
Fair value upside+86% · Top 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: HDFC Life Insurance Company trades at ₹543 versus a fair value of ₹114 (-79%), while China Life Insurance Co Ltd A trades at ¥38.15 versus ¥70.87 (+86%).

China Life Insurance Co Ltd A has the higher quality score (57/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.