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MGIC InvestmentFRA:MGC +1.53%90 Earnings Yield (Joel Greenblatt) % is 14.68% as of Jun. 2026, which is 4% below its 10-year median of 15.32. GuruFocus rates FRA:MGC with a GF Score™ of 90/100 and a GF Value™ of €25.58 (Fairly Valued). The stock has 5 warning signs investors should review. Among 512 Insurance companies, MGIC Investment ranks better than 74.61% on this metric.
MGIC Investment's Enterprise Value for the quarter that ended in Jun. 2026 was €5,464 Mil.
MGIC Investment's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €791 Mil. MGIC Investment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 14.68%.
The historical rank and industry rank for MGIC Investment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MGC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.19 Med: 15.32 Max: 39.32
Current: 13.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MGIC Investment was 39.32%. The lowest was 9.19%. And the median was 15.32%.
FRA:MGC's Earnings Yield (Joel Greenblatt) % is ranked better than 74.61% of 512
companies
in the Insurance industry
Industry Median: 7.115
vs FRA:MGC: 13.61
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. MGIC Investment's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 18.71%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
MGIC Investment Earnings Yield (Joel Greenblatt) % Related Terms
MGIC Investment Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for MGIC Investment's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Specialty subindustry, MGIC Investment's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
MGIC Investment Earnings Yield (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MGIC Investment's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
MGIC Investments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
MGIC Investment's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €791 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 14.68% mean?
MGIC Investment (FRA:MGC) has a Earnings Yield (Joel Greenblatt) % of 14.68% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on MGIC Investment and its competitors. This is near median its historical median of 15.32. Over the past decade, MGIC Investment's Earnings Yield (Joel Greenblatt) % has ranged from 9.19 to 39.32. According to the industry distribution chart, MGIC Investment ranks #130 out of 512 companies in the Insurance industry, placing it in the top 25.4%.
Is MGIC Investment's Earnings Yield (Joel Greenblatt) % too high?
MGIC Investment's current Earnings Yield (Joel Greenblatt) % of 14.68% is near median its 10-year median of 15.32. Over the past 10 years, this metric has ranged from a low of 9.19 to a high of 39.32. The Insurance industry median Earnings Yield (Joel Greenblatt) % is 7.12. MGIC Investment's value of 14.68% is 106.3% above this industry median. Based on the distribution chart, MGIC Investment ranks #130 out of 512 companies in the Insurance industry, which is above the industry midpoint. Overall, MGIC Investment has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGIC Investment's Earnings Yield (Joel Greenblatt) % compare to ESNT and ACT?
According to the Insurance industry distribution chart, MGIC Investment ranks #130 out of 512 companies for Earnings Yield (Joel Greenblatt) %. This puts MGIC Investment in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 7.12. MGIC Investment's value of 14.68% is 106.3% above this benchmark. Historically, MGIC Investment's own Earnings Yield (Joel Greenblatt) % has ranged from 9.19 to 39.32 over the past decade. While the company's 10-year median is 15.32 vs. the industry median of 7.12, MGIC Investment 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 Earnings Yield (Joel Greenblatt) % for an Insurance company?
The median Earnings Yield (Joel Greenblatt) % among Insurance companies is 7.12, based on 512 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MGIC Investment's current Earnings Yield (Joel Greenblatt) % of 14.68% is 106.3% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on MGIC Investment and its competitors. For the Insurance industry, the median Earnings Yield (Joel Greenblatt) % is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGIC Investment's current Earnings Yield (Joel Greenblatt) % is 14.68%, which is near median its own 10-year median of 15.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGIC Investment stock overvalued right now?
Based on GuruFocus' analysis, MGIC Investment (FRA:MGC) is currently considered Fairly Valued. The stock's GF Value™ is €25.58, compared to a current price of €26.60 — trading 4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 14.68%, which is near median its 10-year median of 15.32 and 106.3% above the Insurance industry median of 7.12. MGIC Investment's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For MGIC Investment (FRA:MGC), the current Earnings Yield (Joel Greenblatt) % is 14.68% as of Jun. 2026. 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 MGIC Investment (FRA:MGC) Overvalued in 2026?
Based on GuruFocus' analysis, MGIC Investment stock appears to be overvalued.
The current stock price of €26.60 is trading 4% above its estimated GF Value™ of €25.58.
GuruFocus considers MGIC Investment to be Fairly Valued.
Key valuation signals for FRA:MGC:
Earnings Yield (Joel Greenblatt) %: 14.68% (near median its 10-year median of 15.32)
GF Value™: €25.58 vs. price of €26.60 (4% above fair value)
Industry Position: 106.3% above the Insurance median (#130 of 512)
No single metric tells the full story. See the FRA:MGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection account for close to the majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York.
90GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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