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NICO HoldingsMSW:NICO 77 3-Year Book Growth Rate is 83.80% as of Dec. 2025, which is at its 10-year median of 83.80. GuruFocus rates MSW:NICO with a GF Score™ of 77/100 and a GF Value™ of MWK1,750.71 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 476 Insurance companies, NICO Holdings ranks better than 98.11% on this metric.
During the past 12 months, NICO Holdings's average Book Value per Share Growth Rate was 59.40% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 83.80% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 5 years, the highest 3-Year average Book Value per Share Growth Rate of NICO Holdings was 83.80% per year. The lowest was 83.80% per year. And the median was 83.80% per year.
NICO Holdings (MSW:NICO) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
NICO Holdings 3-Year Book Growth Rate Related Terms
MSW:NICO vs BRK.A, AIG, HIG: 3-Year Book Growth Rate Comparison
For the Insurance - Diversified subindustry, NICO Holdings's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NICO Holdings 3-Year Book Growth Rate vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where NICO Holdings's 3-Year Book Growth Rate falls into.
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
What does a 3-Year Book Growth Rate of 83.80% mean?
NICO Holdings (MSW:NICO) has a 3-Year Book Growth Rate of 83.80% as of Dec. 2025. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for NICO Holdings and its competitors. This is near median its historical median of 83.80. Over the past decade, NICO Holdings' 3-Year Book Growth Rate has ranged from 83.80 to 83.80. According to the industry distribution chart, NICO Holdings ranks #9 out of 476 companies in the Insurance industry, placing it in the top 1.9%.
Is NICO Holdings' 3-Year Book Growth Rate too high?
NICO Holdings' current 3-Year Book Growth Rate of 83.80% is near median its 10-year median of 83.80. Over the past 10 years, this metric has ranged from a low of 83.80 to a high of 83.80. The Insurance industry median 3-Year Book Growth Rate is 8.30. NICO Holdings' value of 83.80% is 909.6% above this industry median. Based on the distribution chart, NICO Holdings ranks #9 out of 476 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, NICO Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' 3-Year Book Growth Rate compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #9 out of 476 companies for 3-Year Book Growth Rate. This places NICO Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median 3-Year Book Growth Rate is 8.30. NICO Holdings' value of 83.80% is 909.6% above this benchmark. Historically, NICO Holdings' own 3-Year Book Growth Rate has ranged from 83.80 to 83.80 over the past decade. While the company's 10-year median is 83.80 vs. the industry median of 8.30, NICO Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Book Growth Rate for an Insurance company?
The median 3-Year Book Growth Rate among Insurance companies is 8.30, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Book Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Book Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NICO Holdings's current 3-Year Book Growth Rate of 83.80% is 909.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Book Growth Rate mean?
A high 3-Year Book Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for NICO Holdings and its competitors. For the Insurance industry, the median 3-Year Book Growth Rate is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current 3-Year Book Growth Rate is 83.80%, which is near median its own 10-year median of 83.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Modestly Undervalued. The stock's GF Value™ is MWK1,750.71, compared to a current price of MWK1,341.38 — trading 23.4% below its estimated fair value. The current 3-Year Book Growth Rate is 83.80%, which is near median its 10-year median of 83.80 and 909.6% above the Insurance industry median of 8.30. NICO Holdings' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Book Growth Rate calculated?
3-Year Book Growth Rate is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current 3-Year Book Growth Rate is 83.80% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be undervalued.
The current stock price of MWK1,341.38 is trading 23.4% below its estimated GF Value™ of MWK1,750.71.
GuruFocus considers NICO Holdings to be Modestly Undervalued.
Key valuation signals for MSW:NICO:
3-Year Book Growth Rate: 83.80% (near median its 10-year median of 83.80)
GF Value™: MWK1,750.71 vs. price of MWK1,341.38 (23.4% below fair value)
Industry Position: 909.6% above the Insurance median (#9 of 476)
No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
77GF Score
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