NMI Holdings Inc - Class A
Research NMI Holdings Inc - Class A (NMIH) on Bullrun: valuation model: 11.4% undervalued, market cap USD 3.41B, P/E 8.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNMIH
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryInsurance-Specialty
- CurrencyUSD
- Valuation signal11.4% undervalued
- Market capUSD 3.41B
- P/E8.9
- Financial periodQ2 2026
- RevenueUSD 187.89M
- Net incomeUSD 105.79M
- Free cash flowUSD 140.25M
Valuation Snapshot
Bullrun's latest valuation model marks NMI Holdings Inc - Class A as 11.4% undervalued; latest market cap is USD 3.41B; P/E is 8.9.
Peer valuation comparison
Latest P/E is 8.91x versus a Financial Services sector median of 13.84x (35.6% below).
Latest P/E is 8.91x versus a United States median of 24.87x (64.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 706.44M | USD 388.93M | USD 412.52M | n/a | 4.92 | USD 43.94M | USD 417.03M | USD 2.59B |
| FY2024 | USD 650.97M | USD 360.11M | USD 386.70M | n/a | 4.43 | USD 54.31M | USD 415.15M | USD 2.22B |
| FY2023 | USD 579.00M | USD 322.11M | USD 333.31M | n/a | 3.84 | USD 96.69M | USD 397.60M | USD 1.93B |
| FY2022 | USD 523.35M | USD 292.90M | USD 302.82M | n/a | 3.39 | USD 44.43M | USD 396.05M | USD 1.61B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.41B | 8.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 3.11B | 8.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 2.89B | 8.3 | n/a | n/a |
| 2023 | 2023-12-29 | USD 2.41B | 8.0 | n/a | n/a |
| 2022 | 2022-12-30 | USD 1.75B | 6.5 | n/a | n/a |
| 2021 | 2021-12-31 | USD 1.87B | 8.2 | n/a | n/a |
About NMI Holdings Inc - Class A
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc.
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Frequently asked questions
Is NMI Holdings Inc - Class A overvalued or undervalued?
Bullrun's valuation model currently marks NMI Holdings Inc - Class A as 11.4% undervalued.
What is NMI Holdings Inc - Class A's market cap?
NMI Holdings Inc - Class A's market capitalization is USD 3.41B.
What is NMI Holdings Inc - Class A's P/E ratio?
NMI Holdings Inc - Class A's price-to-earnings (P/E) ratio is 8.9.
What does NMI Holdings Inc - Class A do?
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.