Max Healthcare Institute Limited (MAXHEALTH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Max Healthcare Institute Limited stock ₹490, price ₹934, that is 47.5% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Max Healthcare Institute Limited
MAXHEALTH · NSEOur calculation puts a fair price 48% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ₹257.82 – ₹1,298 · fair‑value band ₹207.29 – ₹625.35 · the ₹934.00 price screens above the ₹490.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Max Healthcare Institute Limited provides medical and healthcare services in India.
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It offers services in various specialties, including cardiac sciences, orthopedics, oncology, renal sciences, neurosciences, minimal access and general surgery, pulmonology, obstetrics, gynecology, pediatrics, and nephrology, liver and biliary sciences, gastroenterology and Gi surgery, plastic and reconstructive surgery, and organ transplants, as well as ear, nose, and throat.
The company also provides Max@Home, a platform that offers health and wellness services at home; and MaxLab, which provides diagnostic services to patients outside its network of hospitals through various channels comprising third-party hospital laboratory management.
It operates through a network of healthcare facilities, including hospitals and medical centres. The company was incorporated in 2001 and is based in Gurugram, India.
Stock analysis
Max Healthcare Institute Limited (MAXHEALTH) currently trades at ₹934.00, while our model-based Fair Value estimate is ₹490.32, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹469.15 per share, and 0 of the 26 models we run sit above the ₹934.00 price.
Bear case: the Growth DCF group reads lowest at ₹60.30, and 26 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹207.29 (bear) to ₹625.35 (bull), the price of ₹934.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Max Healthcare Institute Limited reported revenue of ₹83.7B in FY2026 versus ₹39.4B in FY2022, a compound +20.8%/yr. Reported net income was ₹14.4B in FY2026, compounding +24.3%/yr from FY2022.
Key figures
Market cap ₹913B (≈ $9.7B) Mid · P/E ratio 68.4 · P/S ratio 9.99 · EPS (TTM) ₹13.65 · Dividend yield 0.2% · Net margin 15.1% · Return on equity 12.8% · Return on assets (EBIT) 16.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −3% fair-value upside, at −48%, MAXHEALTH screens richer than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
MAXHEALTH screens overvalued: fair value 48% below the price. Compare with HCA Healthcare, Inc →
Compare Max Healthcare Institute Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Care Facilities · 234 stocks
Valuation Multiplesvs Medical Care Facilities median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Fresenius Medical Care AG FMS | $23.66 | $46.55 | +97% | vs MAXHEALTH |
| Aier Eye Hospital Group 300015 | ¥9.01 | ¥10.88 | +21% | vs MAXHEALTH |
| DaVita Inc DVA | $194.82 | $218.90 | +12% | vs MAXHEALTH |
| HCA Healthcare, Inc HCA | $507.48 | $547.34 | +8% | vs MAXHEALTH |
| Tenet Healthcare Corporation THC | $286.46 | $279.20 | −3% | vs MAXHEALTH |
| The Ensign Group ENSG | $182.39 | $140.09 | −23% | vs MAXHEALTH |
| Encompass Health Corporation EHC | $141.27 | $94.81 | −33% | vs MAXHEALTH |
| Fresenius SE FRE | €52.48 | €34.77 | −34% | vs MAXHEALTH |
| Apollo Hospitals Enterprise Limited APOLLOHOSP | ₹8,446 | ₹5,234 | −38% | vs MAXHEALTH |
| Dr. Sulaiman Al Habib Medical Services Group 4013 | 215.80 SAR | 109.45 SAR | −49% | vs MAXHEALTH |
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Frequently asked questions
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Key figures of Max Healthcare Institute Limited
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