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NICO HoldingsMSW:NICO 79 Earnings Yield (Joel Greenblatt) % is 33.22% as of Dec. 2025, which is 38% below its 10-year median of 53.56. GuruFocus rates MSW:NICO with a GF Score™ of 79/100 and a GF Value™ of MWK1,269.44 (Fairly Valued). The stock has 2 warning signs investors should review. Among 512 Insurance companies, NICO Holdings ranks better than 95.12% on this metric.
NICO Holdings's Enterprise Value for the quarter that ended in Dec. 2025 was MWK1,903,431 Mil.
NICO Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MWK633,024 Mil. NICO Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 33.22%.
The historical rank and industry rank for NICO Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MSW:NICO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.56 Med: 53.56 Max: 146
Current: 40.49
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of NICO Holdings was 146.00%. The lowest was 18.56%. And the median was 53.56%.
MSW:NICO's Earnings Yield (Joel Greenblatt) % is ranked better than 95.12% of 512
companies
in the Insurance industry
Industry Median: 7.05
vs MSW:NICO: 40.49
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) %. NICO Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 0.00%. 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.
NICO Holdings Earnings Yield (Joel Greenblatt) % Related Terms
NICO Holdings Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for NICO Holdings'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 - Diversified subindustry, NICO Holdings'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.
NICO Holdings Earnings Yield (Joel Greenblatt) % vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NICO Holdings'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.
NICO Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 33.22% mean?
NICO Holdings (MSW:NICO) has a Earnings Yield (Joel Greenblatt) % of 33.22% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on NICO Holdings and its competitors. This is 38% below median its historical median of 53.56. Over the past decade, NICO Holdings' Earnings Yield (Joel Greenblatt) % has ranged from 18.56 to 146.00. According to the industry distribution chart, NICO Holdings ranks #25 out of 512 companies in the Insurance industry, placing it in the top 4.9%.
Is NICO Holdings' Earnings Yield (Joel Greenblatt) % too high?
NICO Holdings' current Earnings Yield (Joel Greenblatt) % of 33.22% is 38% below median its 10-year median of 53.56. Over the past 10 years, this metric has ranged from a low of 18.56 to a high of 146.00. The Insurance industry median Earnings Yield (Joel Greenblatt) % is 7.05. NICO Holdings' value of 33.22% is 371.2% above this industry median. Based on the distribution chart, NICO Holdings ranks #25 out of 512 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 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Earnings Yield (Joel Greenblatt) % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #25 out of 512 companies for Earnings Yield (Joel Greenblatt) %. This places NICO Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 7.05. NICO Holdings' value of 33.22% is 371.2% above this benchmark. Historically, NICO Holdings' own Earnings Yield (Joel Greenblatt) % has ranged from 18.56 to 146.00 over the past decade. While the company's 10-year median is 53.56 vs. the industry median of 7.05, 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 Earnings Yield (Joel Greenblatt) % for an Insurance company?
The median Earnings Yield (Joel Greenblatt) % among Insurance companies is 7.05, 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. NICO Holdings's current Earnings Yield (Joel Greenblatt) % of 33.22% is 371.2% 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 NICO Holdings and its competitors. For the Insurance industry, the median Earnings Yield (Joel Greenblatt) % is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current Earnings Yield (Joel Greenblatt) % is 33.22%, which is 38% below median its own 10-year median of 53.56. 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 Fairly Valued. The stock's GF Value™ is MWK1,269.44, compared to a current price of MWK1,349.92 — trading 6.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 33.22%, which is 38% below median its 10-year median of 53.56 and 371.2% above the Insurance industry median of 7.05. NICO Holdings' overall GF Score™ is 79/100 with 2 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 NICO Holdings (MSW:NICO), the current Earnings Yield (Joel Greenblatt) % is 33.22% 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 overvalued.
The current stock price of MWK1,349.92 is trading 6.3% above its estimated GF Value™ of MWK1,269.44.
GuruFocus considers NICO Holdings to be Fairly Valued.
Key valuation signals for MSW:NICO:
Earnings Yield (Joel Greenblatt) %: 33.22% (38% below median its 10-year median of 53.56)
GF Value™: MWK1,269.44 vs. price of MWK1,349.92 (6.3% above fair value)
Industry Position: 371.2% above the Insurance median (#25 of 512)
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.
79GF 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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