NMI Holdings, Inc. (NMIH) is a publicly traded company in the Financial Services — Insurance - Specialty industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
NMI Holdings, Inc. is a company operating within the United States that offers private mortgage guaranty insurance. In addition to its core insurance products, the firm also delivers outsourced loan assessment services, specifically catering to mortgage loan originators.
Is NMI Holdings, Inc. stock overvalued or undervalued in 2026?
NMI Holdings, Inc. (NMIH) trades at 8.3× earnings (P/E), against a median of 13.0× across the 324 financial services companies above $2bn in Kaplio's universe. At a P/B justified by its ROE del 15,1 % (2.0×) $71 (+70 %); at its peers' median (1.0×) $37 (-12 %).
Kaplio overview: NMI Holdings, Inc.
Market cap $3B · 52 weeks $35 – $46 (8 % below the high) · P/E 8.3× · 2027 expected P/E 7.7× · Dividend none · Next earnings November 5, 2026 · expected EPS $1.30 · Closing price, Oct 28 · accounts published Jul 30.
- Valuation: P/B 1.2× (justified).
- Business: 5-year op. margin 69.3 % (excellent).
- Balance sheet: Debt/Equity 0.15 (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At a P/B justified by its ROE del 15,1 % (2.0×) $71 (+70 %); at its peers' median (1.0×) $37 (-12 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in insurance: 4 of 4 pass
- Op Margin 5y (Combined Ratio proxy) 69.3 %, passes.
- Book Value / Share growth 13.7 %, passes.
- Debt / Equity 0.15, passes.
- P/B (Price / Book) 1.2×, passes.
- Dividend growth streak n/a: it pays no dividend, info.
Against its peers (reference peers) — NMI Holdings, Inc.: P/E 8.3×; P/B 1.2×; ROE 15.1 %; $3.2B. Radian Group Inc. (P/E 8.9×; P/B 1.0×; ROE 11.3 %; $4.6B), MGIC Investment Corporation (P/E 8.8×; P/B 1.2×; ROE 13.9 %; $5.8B), Essent Group Ltd. (P/E 9.2×; P/B 1.0×; ROE 11.9 %; $5.9B).
Expensive or cheap against its last ten fiscal years?
Precio / valor contable at each close: today 1.2× · median 1.4× · minimum 0.7× · maximum 3.2× · cheap below 1.3× · expensive above 2.0×. It has been cheaper than today only 16% of the time over its last ten fiscal years.
Profitability
| Return on Equity | 15.14% |
| Return on Invested Capital | 11.04% |
| Return on Assets | 9.89% |
| Gross Margin | 91.71% |
| Operating Margin | 69.36% |
| Net Margin | 54.12% |
Financial Health
| Debt / Equity | 0.15 |
| Current Ratio | 0.54 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 3.00 |
Price Performance
| 1 month | +3.39% |
| 3 months | -4.94% |
| Year-to-date | +3.24% |
| 1 year | +18.35% |
| 3 years | +56.48% |
| 5 years | +73.43% |
| 10 years | +450.46% |
Related companies: ACT · MTG · ESNT · RDN
Explore sector: Financial Services · Insurance - Specialty
More sections of NMIH: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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