profit from every A$100 of sales.
A$0A$100
Medibank Private
A$5.36+0.75% today
+12.8% in 1 year
1-year low A$4.101-year high A$5.36
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$29.48 for every A$1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Medibank Private sold, what it kept, and what it did with the cash.
Sales went from A$7.09 billion in 2022 to A$8.55 billion in 2025, with A$501 million of profit last year.
SalesProfit
Medibank Private handed back more cash to shareholders than it generated last year.
A$481M
Free cash flow 2025A$311M
Bought back its own sharesA$6M
Paid as dividendsA$481M
Cash vs. debtA$649M vs. A$209M
Medibank Private vs. similar companies
Medibank Private grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Medibank Private | 29.5× · Fair price | ||
 Assurant | 18.2× · Fair price | ||
 Fidelity National Financial | 19.7× · Fair price | ||
 Beazley | 8.5× · Cheap | ||
 First American Financial | 11.0× · Cheap |
AI analysis
An AI analyst reads Medibank Private's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 7,092 | 7,499 | 8,018 | 8,546 | |
| – | – | – | – | |
| – | – | – | – | |
| 677 | 847 | 807 | 836 | |
| 394 | 511 | 493 | 501 | |
| 0.14 | 0.19 | 0.18 | 0.18 | |
| – | – | – | – | |
| – | – | – | – | |
| 5.6% | 6.8% | 6.1% | 5.9% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 4,553 | 4,389 | 4,685 | 4,700 |
| Cash | 597 | 421 | 691 | 649 |
| Total debt | – | – | 218 | 209 |
| Total liabilities | 2,607 | 2,304 | 2,380 | 2,364 |
| 1,946 | 2,084 | 2,306 | 2,336 | |
| 2,754 | 2,754 | 2,754 | 2,754 | |
| 20.2% | 24.5% | 19.9% | 20.3% | |
| 20.2% | 24.5% | 21.4% | 21.4% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 35 | 42 | 58 | 70 | |
| 913 | 143 | 811 | 311 | |
| Dividends paid | 358 | 375 | 430 | 481 |
| 3 | 5 | 8 | 6 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 29.5×
- –
- 3.52
- 6.0×
- 1.7×
- 3.4%
- 3.3%
Profitability
- 5.9%
- 24.1%
- 22.2%
- –
- –
Growth
- +6.4%
- +8.4%
- –
- +0.0%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 6%of 749
Bottom 19%of 872
Bottom 41%of 883
Bottom 39%of 931
3.3%of the share price, paid each year
On $1,000 invested$33a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
96.0% of its profit
Room to growStretchedMore than it earns: 154.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
69Pass
Benjamin Graham
50No pass
Philip Fisher
61Pass
Peter Lynch
30No pass
Joel Greenblatt
43No pass
Charlie Munger
63Pass
Terry Smith
51No pass
Questions about Medibank Private
Is Medibank Private a good stock to buy?
A business with weak numbers at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Medibank Private AI analysis
What does Medibank Private do?
Medibank Private Limited provides private health insurance in Australia. The company operates in two segments, Health Insurance and Medibank Health. It is in Insurance - Specialty, based in Docklands, VIC, Australia, with 3,604 employees.
Does Medibank Private pay a dividend?
Yes. At today's price the dividend is 3.3% a year, about 96% of its yearly profit. In 2025 it paid out A$481 million in dividends.
Is Medibank Private stock halal?
No. Medibank Private does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Medibank Private stock done over the past year?
Up 12.8% over the past twelve months, to A$5.36. It traded between A$4.10 and A$5.36, close to its high.
Who are Medibank Private's competitors?
The largest listed companies in the same industry are Assurant, Fidelity National Financial, Beazley and First American Financial. The peers table on this page compares their profit, growth and price with Medibank Private's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.