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Medibank Private

ASX:MPL · AU000000MPL3
InsuranceMedium

360

65
EV / EBIT28
Price / Owner Earnings10
Owner Earnings Yield30
Dividend Yield77
Price/Sales51
EV / Gross Profit23
Price/Book1
Returns on capital98
Profit margins30
Cash Conversion32
Accruals98
Owner Earnings Margin41
Sales growth45
Profit Growth59
Long-Term EPS Growth91
Owner Earnings Growth29
Reinvestment93
Price momentum27
Debt load82
Debt serviceability32
Liquidity77
Analyst ratings13
Opinion Changes18
Price Target Upside42
Market mood37
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Medibank Private clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryInsurance
SizeMedium
TypePublic Company
ExchangeASX
Founded1997
Employees2,536
Websitemedibank.com.au
ISINAU000000MPL3
Last UpdateApr 2, 2026
Indices
ASX 100 (Australia)ASX 200 (Australia)ASX 300 (Australia)ASX 50 (Australia)
Themes
Health CareHealth Insurance

Description

Medibank Private Limited operates as a leading health insurer in Australia, managing both individual health policies and various health services. The company is structured into two primary segments: Health Insurance and Medibank Health. The Health In…

Analysis

Beloved champion

Medibank Private Limited sits in the top corner of our grid: excellent business, premium price; every investor already knows the story.

On valuation, the picture is expensive. The owner-earnings multiple stands at 30.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 17%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
20
2023202420252026

All-time high

87

Jan 2026

All-time low

11

Mar 2026

Average rank

77

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
51
71
72
69
Price/Earnings
9
32
34
32
Price/Book
1
9
12
21
Dividend Yield
77
67
66
70
Value (overall)
14
45
46
53

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →