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Max Financial Services Valuation Multiples
Discover revenue and EBITDA valuation multiples for Max Financial Services and similar public comparables like Sony Financial, Hiscox, SDIC Capital, Bupa Arabia and more.
Max Financial Services Overview
About Max Financial Services
Max Financial Services Ltd is a non-bank private life insurance company. Max Group entities are Max Life Insurance Company, Max India, and Max Venture & Industries. Max Life Insurance Company is co-owned by Max Financial Services and Mitsui Sumitomo Insurance, a Japanese life insurance company. Max India offers healthcare and health insurance. The Max-Ventures and Industries division is an entrepreneurial division that helps the government with economic and commercial efforts. The company's operating segment involves Business Investment and Life Insurance. It generates majority of revenue from Life Insurance segment.
Founded
1988
HQ
Employees
10
Website
Sectors
Financials (LTM)
EV
$7B
Max Financial Services Financials
Max Financial Services reported last 12-month revenue of $5B and EBITDA of $9M.
In the same LTM period, Max Financial Services generated $9M in EBITDA and $53M in net income.
Revenue (LTM)
Max Financial Services P&L
In the most recent fiscal year, Max Financial Services reported revenue of $5B and EBITDA of $8M.
Max Financial Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA | $9M | XXX | $8M | XXX | XXX | XXX |
| EBITDA Margin | 0% | XXX | 0% | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | $53M | XXX | $47M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 1% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Max Financial Services Stock Performance
Max Financial Services has current market cap of $7B, and enterprise value of $7B.
Market Cap Evolution
Max Financial Services' stock price is $19.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $7B | 0.0% | XXX | XXX | XXX | $0.14 |
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Start Free TrialMax Financial Services Valuation Multiples
Max Financial Services trades at 1.5x EV/Revenue multiple, and 815.0x EV/EBITDA.
EV / Revenue (LTM)
Max Financial Services Financial Valuation Multiples
As of March 24, 2026, Max Financial Services has market cap of $7B and EV of $7B.
Equity research analysts estimate Max Financial Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Max Financial Services has a P/E ratio of 127.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 815.0x | XXX | 847.4x | XXX | XXX | XXX |
| EV/EBIT | 163.8x | XXX | 144.6x | XXX | XXX | XXX |
| P/E | 127.8x | XXX | 143.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 8.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Max Financial Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Max Financial Services Margins & Growth Rates
Max Financial Services' revenue in the last 12 month grew by 17%.
Max Financial Services' revenue per employee in the last FY averaged $473.2M, while opex per employee averaged $57.8M for the same period.
Max Financial Services' rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Max Financial Services' rule of X is 42% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Max Financial Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 0% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $473.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $57.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | 12% | XXX | — | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Max Financial Services Public Comps
See public comps and valuation multiples for other Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sony Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Hiscox | XXX | XXX | XXX | XXX | XXX | XXX |
| SDIC Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Bupa Arabia | XXX | XXX | XXX | XXX | XXX | XXX |
| Lincoln National | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Max Financial Services M&A Activity
Max Financial Services acquired XXX companies to date.
Last acquisition by Max Financial Services was on XXXXXXXX, XXXXX. Max Financial Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Max Financial Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMax Financial Services Investment Activity
Max Financial Services invested in XXX companies to date.
Max Financial Services made its latest investment on XXXXXXXX, XXXXX. Max Financial Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Max Financial Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Max Financial Services
| When was Max Financial Services founded? | Max Financial Services was founded in 1988. |
| Where is Max Financial Services headquartered? | Max Financial Services is headquartered in India. |
| How many employees does Max Financial Services have? | As of today, Max Financial Services has over 10 employees. |
| Is Max Financial Services publicly listed? | Yes, Max Financial Services is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Max Financial Services? | Max Financial Services trades under MFSL ticker. |
| When did Max Financial Services go public? | Max Financial Services went public in 2000. |
| Who are competitors of Max Financial Services? | Max Financial Services main competitors are Sony Financial, Hiscox, SDIC Capital, Bupa Arabia. |
| What is the current market cap of Max Financial Services? | Max Financial Services' current market cap is $7B. |
| What is the current revenue of Max Financial Services? | Max Financial Services' last 12 months revenue is $5B. |
| What is the current revenue growth of Max Financial Services? | Max Financial Services revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of Max Financial Services? | Current revenue multiple of Max Financial Services is 1.5x. |
| Is Max Financial Services profitable? | Yes, Max Financial Services is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Max Financial Services? | Max Financial Services' last 12 months EBITDA is $9M. |
| What is Max Financial Services' EBITDA margin? | Max Financial Services' last 12 months EBITDA margin is 0%. |
| What is the current EV/EBITDA multiple of Max Financial Services? | Current EBITDA multiple of Max Financial Services is 815.0x. |
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