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Medibank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Medibank and similar public comparables like AXIS Capital, Primerica, Jackson Financial, China Re and more.
Medibank Overview
About Medibank
Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and Ahm, cover around 5 million people. Medibank and Australia's fourth-largest health fund, NIB Holdings, are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.
Founded
1997
HQ

Employees
3.6K
Website
Sectors
Financials (LTM)
EV
$8B
Medibank Financials
Medibank reported last 12-month revenue of $6B and EBITDA of $563M.
In the same LTM period, Medibank generated $591M in gross profit, $563M in EBITDA, and $409M in net income.
Revenue (LTM)
Medibank P&L
In the most recent fiscal year, Medibank reported revenue of $6B and EBITDA of $488M.
Medibank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $591M | XXX | — | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | — | XXX | XXX | XXX |
| EBITDA | $563M | XXX | $488M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $409M | XXX | $345M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Medibank Stock Performance
Medibank has current market cap of $8B, and enterprise value of $8B.
Market Cap Evolution
Medibank's stock price is $3.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $8B | 0.0% | XXX | XXX | XXX | $0.13 |
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Start Free TrialMedibank Valuation Multiples
Medibank trades at 1.3x EV/Revenue multiple, and 14.6x EV/EBITDA.
EV / Revenue (LTM)
Medibank Financial Valuation Multiples
As of March 29, 2026, Medibank has market cap of $8B and EV of $8B.
Equity research analysts estimate Medibank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Medibank has a P/E ratio of 20.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.6x | XXX | 16.9x | XXX | XXX | XXX |
| EV/EBIT | 14.9x | XXX | 16.1x | XXX | XXX | XXX |
| EV/Gross Profit | 13.9x | XXX | — | XXX | XXX | XXX |
| P/E | 20.4x | XXX | 24.2x | XXX | XXX | XXX |
| EV/FCF | 21.6x | XXX | 28.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Medibank 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.


Medibank Margins & Growth Rates
Medibank's revenue in the last 12 month grew by 7%.
Medibank's revenue per employee in the last FY averaged $1.7M.
Medibank's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Medibank's rule of X is 27% (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).
Medibank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 27% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Medibank Public Comps
See public comps and valuation multiples for other Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| AXIS Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Primerica | XXX | XXX | XXX | XXX | XXX | XXX |
| Jackson Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| China Re | XXX | XXX | XXX | XXX | XXX | XXX |
| Kinsale Cap Group | 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.
Medibank M&A Activity
Medibank acquired XXX companies to date.
Last acquisition by Medibank was on XXXXXXXX, XXXXX. Medibank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Medibank
| 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 TrialMedibank Investment Activity
Medibank invested in XXX companies to date.
Medibank made its latest investment on XXXXXXXX, XXXXX. Medibank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Medibank
| 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 Medibank
| When was Medibank founded? | Medibank was founded in 1997. |
| Where is Medibank headquartered? | Medibank is headquartered in Australia. |
| How many employees does Medibank have? | As of today, Medibank has over 3K employees. |
| Who is the CEO of Medibank? | Medibank's CEO is David Koczkar. |
| Is Medibank publicly listed? | Yes, Medibank is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Medibank? | Medibank trades under MPL ticker. |
| When did Medibank go public? | Medibank went public in 2014. |
| Who are competitors of Medibank? | Medibank main competitors are AXIS Capital, Primerica, Jackson Financial, China Re. |
| What is the current market cap of Medibank? | Medibank's current market cap is $8B. |
| What is the current revenue of Medibank? | Medibank's last 12 months revenue is $6B. |
| What is the current revenue growth of Medibank? | Medibank revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Medibank? | Current revenue multiple of Medibank is 1.3x. |
| Is Medibank profitable? | Yes, Medibank is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Medibank? | Medibank's last 12 months EBITDA is $563M. |
| What is Medibank's EBITDA margin? | Medibank's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Medibank? | Current EBITDA multiple of Medibank is 14.6x. |
| What is the current FCF of Medibank? | Medibank's last 12 months FCF is $381M. |
| What is Medibank's FCF margin? | Medibank's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Medibank? | Current FCF multiple of Medibank is 21.6x. |
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