Obermatt
See Similar Stocks →

NMI Holdings

NMQ:NMIH · US6292093050
InsuranceMedium

360

58
Medium confidence — indicative
Profit price82
Owner Earnings Yield55
Dividend Yield33
Price/Sales7
EV / Gross Profit39
Price/Book81
Returns on capital73
Profit margins82
Cash Conversion49
Accruals16
Owner Earnings Margin91
Sales growth59
Profit Growth42
Long-Term EPS Growth40
Owner Earnings Growth49
Reinvestment81
Price momentum33
Debt load69
Debt serviceability78
Liquidity64
Analyst ratings78
Opinion Changes67
Price Target Upside45
Market mood49
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NMI Holdings clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryInsurance
SizeMedium
TypePublic Company
ExchangeNASDAQGM
Founded2011
Websitenationalmi.com
ISINUS6292093050
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
InsurtechFinance

Description

NMI Holdings, Inc. (‘NMI’), through its wholly-owned insurance subsidiaries, National Mortgage Insurance Corporation (NMIC) and National Mortgage Reinsurance Inc. One (Re One), provides mortgage insurance (MI). NMIC is the company’s primary insuranc…

Analysis

Middle-of-the-road

NMI Holdings, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 7.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -8% yearly growth; analysts expect 6%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
92
2023202420252026

All-time high

92

Jun 2026

All-time low

20

Jan 2025

Average rank

57

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
10
10
17
Price/Earnings
83
91
85
87
Price/Book
81
60
41
34
Dividend Yield
33
1
1
1
Value (overall)
50
25
20
15

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare NMI Holdings with its peers
MGIC
NYQ:MTG
23
CountryUSA
IndustryInsurance
SizeMedium
Full Stock Analysis →
Radian Group
NYQ:RDN
69
CountryUSA
IndustryInsurance
SizeMedium
Full Stock Analysis →
Enact Holdings
NSQ:ACT
36
CountryUSA
IndustryInsurance
SizeMedium
Full Stock Analysis →
Fidelity National Financial
NYQ:FNF
8
CountryUSA
IndustryInsurance
SizeLarge
Full Stock Analysis →
Tiptree
NAQ:TIPT
18
CountryUSA
IndustryInsurance
SizeMedium
Full Stock Analysis →
Safety Insurance
NSQ:SAFT
35
CountryUSA
IndustryInsurance
SizeSmall
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →