Apollo Hospitals vs Max Healthcare vs Fortis Healthcare: Side-by-Side Comparison of India’s Top Hospital Stocks
- September 22, 2026
- Posted by: Harsh Piplani
- Category: Uncategorized
Apollo Hospitals, Max Healthcare and Fortis Healthcare compared on market cap, valuation, ROE, 52-week range and dividend yield. Data as of September 2026.
Quick Answer
Apollo Hospitals vs Max Healthcare vs Fortis Healthcare is a side-by-side comparison of three of India’s leading hospital chains. Apollo Hospitals carries the largest market cap and highest ROE of the three, Max Healthcare trades at the richest valuation, and Fortis Healthcare sits at the smaller end of the trio on most metrics. Each company’s numbers are presented here without a declared “better” pick, since the right stock depends on an investor’s own criteria.
Apollo Hospitals vs Max Healthcare vs Fortis Healthcare starts with the core numbers most investors compare across leading hospital chains: market capitalisation, valuation, profitability, and the 52-week trading range. Figures below are as of September 2026 and will shift with daily price moves.
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Apollo Hospitals vs Max Healthcare vs Fortis Healthcare: Key Metrics at a Glance
| Metric | Apollo Hospitals | Max Healthcare | Fortis Healthcare |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,29,313 crore | Rs 1,04,578 crore | Rs 69,403 crore |
| PE Ratio (TTM) | 66.60 | 72.50 | 66.62 |
| PB Ratio | 13.64 | 9.73 | 7.01 |
| ROE (%) | 20.48% | 13.42% | 10.52% |
| 52-Week High | Rs 9,050.00 | Rs 1,301.70 | Rs 1,104.30 |
| 52-Week Low | Rs 6,696.50 | Rs 903.00 | Rs 766.80 |
| Dividend Yield | 0.22% | 0.19% | 0.11% |
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Valuation Comparison: PE and PB Ratios
On valuation, Apollo Hospitals and Fortis Healthcare trade at nearly identical PE ratios of 66.60 and 66.62 respectively, while Max Healthcare commands a somewhat higher PE at 72.50. On price-to-book, Apollo Hospitals trades at a considerably higher 13.64 times book value, compared with Max Healthcare at 9.73 times and Fortis Healthcare at 7.01 times.
Profitability Comparison: Return on Equity
On return on equity, Apollo Hospitals leads the trio comfortably at 20.48%, ahead of Max Healthcare at 13.42% and Fortis Healthcare at 10.52%, a gap that reflects differences in scale, bed capacity utilisation, and case mix across the three hospital chains.
52-Week Trading Range Comparison
Apollo Hospitals has traded in the widest absolute price band of the three over the past 52 weeks, between Rs 6,696.50 and Rs 9,050.00, given its considerably higher per-share price. Max Healthcare’s range spans Rs 903.00 to Rs 1,301.70, while Fortis Healthcare has moved between Rs 766.80 and Rs 1,104.30.
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Dividend Yield Comparison
Apollo Hospitals offers the highest dividend yield among the three at 0.22%, narrowly ahead of Max Healthcare at 0.19% and Fortis Healthcare at 0.11%, though dividend yields across all three hospital chains remain modest given their ongoing bed capacity expansion plans.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three hospital chains should track occupancy rates, average revenue per occupied bed, and each company’s expansion pipeline into newer cities, since these operational metrics tend to drive hospital stock re-ratings more than trailing PE alone.
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Snapshot: Apollo Hospitals vs Max Healthcare vs Fortis Healthcare is a widely searched comparison among investors tracking this sector. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare highlights differences in valuation. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare highlights differences in profitability. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare highlights differences in dividend yield. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare is best read as a factual snapshot rather than a recommendation.
In short: Apollo Hospitals vs Max Healthcare vs Fortis Healthcare remains one of the most-searched sector comparisons on Dalal Street. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare draws attention every earnings season. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare is tracked closely by retail and institutional investors alike. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare numbers should always be checked live before acting.
Quick recap: Apollo Hospitals vs Max Healthcare vs Fortis Healthcare. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare. Apollo Hospitals vs Max Healthcare vs Fortis Healthcare data as of September 2026.
Conclusion
Apollo Hospitals vs Max Healthcare vs Fortis Healthcare highlights how differently three leading names in the same sector can score across valuation, profitability and dividend metrics, even when operating in the same space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Apollo Hospitals vs Max Healthcare vs Fortis Healthcare
What is the market cap difference between Apollo Hospitals, Max Healthcare and Fortis Healthcare?
Ans. As of September 2026, Apollo Hospitals has a market cap of approximately Rs 1,29,313 crore, Max Healthcare is at approximately Rs 1,04,578 crore, and Fortis Healthcare is at approximately Rs 69,403 crore.
Which of the three has the highest PE ratio?
Ans. Among Apollo Hospitals, Max Healthcare and Fortis Healthcare, the PE ratios stand at 66.60, 72.50 and 66.62 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Apollo Hospitals, Max Healthcare and Fortis Healthcare post ROE of 20.48%, 13.42% and 10.52% respectively as of September 2026.
What is the 52-week range for Apollo Hospitals, Max Healthcare and Fortis Healthcare?
Ans. Apollo Hospitals has traded between Rs 6,696.50 and Rs 9,050.00, Max Healthcare between Rs 903.00 and Rs 1,301.70, and Fortis Healthcare between Rs 766.80 and Rs 1,104.30 over the past 52 weeks.
Which of these three stocks pays the highest dividend yield?
Ans. Apollo Hospitals, Max Healthcare and Fortis Healthcare carry dividend yields of 0.22%, 0.19% and 0.11% respectively as of September 2026.
Which hospital stock has the highest ROE?
Ans. Apollo Hospitals has the highest ROE among the three at 20.48%, ahead of Max Healthcare at 13.42% and Fortis Healthcare at 10.52%.
Which of the three hospital stocks trades at the richest valuation?
Ans. Max Healthcare trades at the highest PE ratio among the three at 72.50, narrowly ahead of Fortis Healthcare at 66.62 and Apollo Hospitals at 66.60.
Is one of Apollo Hospitals, Max Healthcare or Fortis Healthcare better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
