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NICO HoldingsMSW:NICO -0.14%77 EV-to-EBIT is 2.70 as of Jul. 22, 2026, which is 45% above its 10-year median of 1.86. GuruFocus rates MSW:NICO with a GF Score™ of 77/100 and a GF Value™ of MWK1,264.45 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 346 Insurance companies, NICO Holdings ranks better than 89.6% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
NICO Holdings's Enterprise Value for the quarter that ended in Dec. 2025 was MWK1,903,431 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NICO Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MWK633,024 Mil.
* 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.
NICO Holdings EV-to-EBIT Related Terms
NICO Holdings EV-to-EBIT Historical Data
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The historical data trend for NICO Holdings's EV-to-EBIT 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.
NICO Holdings EV-to-EBIT Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
EV-to-EBIT
1.32
0.99
0.68
1.25
3.01
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
EV-to-EBIT
0.00
0.99
0.68
1.25
3.01
MSW:NICO vs BRK.A, AIG, HIG: EV-to-EBIT Comparison
For the Insurance - Diversified subindustry, NICO Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where NICO Holdings's EV-to-EBIT falls into.
NICO Holdings's current Enterprise Value is MWK1,709,676 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NICO Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was MWK633,024 Mil.
* 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.
NICO Holdings (MSW:NICO) has a EV-to-EBIT of 2.70 as of Jul. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NICO Holdings and its competitors. This is 45% above median its historical median of 1.86. Over the past decade, NICO Holdings' EV-to-EBIT has ranged from 0.68 to 5.39. According to the industry distribution chart, NICO Holdings ranks #36 out of 346 companies in the Insurance industry, placing it in the top 10.4%.
Is NICO Holdings' EV-to-EBIT too high?
NICO Holdings' current EV-to-EBIT of 2.70 is 45% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 5.39. The Insurance industry median EV-to-EBIT is 8.70. NICO Holdings' value of 2.70 is 69% below this industry median. Based on the distribution chart, NICO Holdings ranks #36 out of 346 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 Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' EV-to-EBIT compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #36 out of 346 companies for EV-to-EBIT. This places NICO Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 8.70. NICO Holdings' value of 2.70 is 69% below this benchmark. Historically, NICO Holdings' own EV-to-EBIT has ranged from 0.68 to 5.39 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 8.70, NICO Holdings has consistently been below 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 EV-to-EBIT for an Insurance company?
The median EV-to-EBIT among Insurance companies is 8.70, based on 346 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NICO Holdings's current EV-to-EBIT of 2.70 is 69% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NICO Holdings and its competitors. For the Insurance industry, the median EV-to-EBIT is 8.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current EV-to-EBIT is 2.70, which is 45% above median its own 10-year median of 1.86. 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 Overvalued. The stock's GF Value™ is MWK1,264.45, compared to a current price of MWK1,491.97 — trading 18% above its estimated fair value. The current EV-to-EBIT is 2.70, which is 45% above median its 10-year median of 1.86 and 69% below the Insurance industry median of 8.70. NICO Holdings' overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current EV-to-EBIT is 2.70 as of Jul. 22, 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 NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued.
The current stock price of MWK1,491.97 is trading 18% above its estimated GF Value™ of MWK1,264.45.
GuruFocus considers NICO Holdings to be Modestly Overvalued.
Key valuation signals for MSW:NICO:
EV-to-EBIT: 2.70 (45% above median its 10-year median of 1.86)
GF Value™: MWK1,264.45 vs. price of MWK1,491.97 (18% above fair value)
Industry Position: 69% below the Insurance median (#36 of 346)
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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