Medibank Private Limited (MDBPF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Medibank Private Limited $1.15, price $3.90, upside -70.5%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Medibank Private Limited
MDBPF · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 3, 2026.
How to read this chart
60‑month range $1.08 – $3.90 · fair‑value band $0.8600 – $1.43 · the $3.90 price screens above the $1.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 3, 2026.
Company profile
Medibank Private Limited provides private health insurance in Australia. The company operates in two segments, Health Insurance and Medibank Health.
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Medibank Private Limited provides private health insurance in Australia. The company operates in two segments, Health Insurance and Medibank Health. The Health Insurance segment provides private health insurance products, including hospital cover that offers members with health cover for hospital treatments; and ancillary cover, which provides members with health cover for healthcare services comprising dental, optical, and physiotherapy, as well as offers health insurance products to overseas visitors and students. The Medibank Health segment provides health management and in-home care services, as well as a range of telehealth and primary care services to government and corporate customers; and distributes travel, life, and pet insurance products. It underwrites and distributes private health insurance policies under the Medibank and ahm brands for resident and nonresident customers. The company was founded in 1976 and is based in Docklands, Australia.
Stock analysis
Medibank Private Limited (MDBPF) currently trades at $3.90, while our model-based Fair Value estimate is $1.15, 70.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $1.59 per share, and 0 of the 6 models we run sit above the $3.90 price.
Bear case: the Asset-Based group reads lowest at $0.4000, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.8600 (bear) to $1.43 (bull), the price of $3.90 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 72/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Medibank Private Limited reported revenue of A$8.5B in FY2025 versus A$7.0B in FY2021, a compound +5.1%/yr. Reported net income was A$501M in FY2025, compounding +3.2%/yr from FY2021.
Key figures
Market cap $10.7B · P/E ratio 32.5 · P/S ratio 1.90 · EPS (TTM) $0.1200 · Dividend yield 4.7% · Net margin 5.9% · Return on equity 20.0% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 43% above its 52-week low.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −71%, MDBPF screens richer than that median.
Fair Value models
All 6 models by family
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Set up alert →Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 85
Revenue & earnings trend
Growth Forecast
Earlier news
- Medibank Pvt Ltd (MDBKY) (FY 2026) Earnings Call Highlights: Record Health Segment Profit and ...
- Medibank Private Limited (ASX:MPL) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
- Medibank Private's (ASX:MPL) investors will be pleased with their splendid 121% return over the last five years
- Institutions own 46% of Medibank Private Limited (ASX:MPL) shares but individual investors control 54% of the company
Compare Medibank Private 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.Insurance - Specialty · 28 stocks
Valuation Multiplesvs Insurance - Specialty median · lower = cheaper
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA 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 Insurance - Specialty stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fidelity National Financial, Inc FNF | $41.16 | $29.18 | −29% |
| AXIS Capital Holdings AXS | $94.45 | $118.38 | +25% |
| First American Financial Corporation FAF | $64.72 | $52.86 | −18% |
| Enact Holdings ACT | $44.15 | $44.39 | +1% |
| MGIC Investment Corporation MTG | $28.48 | $29.83 | +5% |
| Essent Group ESNT | $63.73 | $70.20 | +10% |
| Radian Group RDN | $33.02 | $40.30 | +22% |
| NMI Holdings NMIH | $40.97 | $47.46 | +16% |
| Assured Guaranty Ltd AGO | $68.97 | $120.05 | +74% |
| nib holdings limited, NHF | A$6.56 | A$3.45 | −47% |
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Key figures of Medibank Private Limited
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