Max Financial Services Limited, through its subsidiary, provides life insurance products in India. The company operates through Life Insurance and Business Investments segments. It offers a range of participating, non-participating, and linked products covering life insurance, pension, and health benefits, including riders for individual and group segments. The company also engages in treasury investment activities; and the provision of management advisory services. Its products are distributed through individual and corporate agents, banks, brokers, and other channels. The company was formerly known as Max India Limited and changed its name to Max Financial Services Limited in January 2016. Max Financial Services Limited was founded in 1984 and is based in Noida, India.
P/B ratio for Max Financial Services Limited (MFSL.NS)
P/B ratio as of 2023: 9.09
According to Max Financial Services Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 9.09. At the end of 2022 the company had a P/B ratio of 6.23.
P/B ratio history for Max Financial Services Limited from 2003 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 9.09 |
| 2022 | 6.23 |
| 2021 | 6.61 |
| 2020 | 8.87 |
| 2019 | 6.18 |
| 2018 | 7.40 |
| 2017 | 6.08 |
| 2016 | 8.53 |
| 2015 | 6.04 |
| 2014 | 4.51 |
| 2013 | 2.35 |
| 2012 | 2.56 |
| 2011 | 2.21 |
| 2010 | 3.30 |
| 2009 | 3.92 |
| 2008 | 2.16 |
| 2007 | 2.85 |
| 2006 | 11.89 |
| 2005 | 10.06 |
| 2004 | 17.51 |
| 2003 | 23.70 |