NMIH Valuation

NMI Holdings Inc

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36.790

+0.36(0.988%)1D

NMIH Relative Valuation

NMIH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NMIH is overvalued; if below, it's undervalued.

Historical Valuation

NMI Holdings Inc (NMIH) is now in the Fair zone, suggesting that its current forward PE ratio of 7.37 is considered Fairly compared with the five-year average of 7.30. The fair price of NMI Holdings Inc (NMIH) is between 36.67 to 45.05 according to relative valuation methord.

Relative Value

Fair Zone

36.67-45.05

Current Price：36.79

Fair

7.37

Trailing

Forward

0.00

EV/EBITDA

NMI Holdings Inc. (NMIH) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

0.00

EV/EBIT

NMI Holdings Inc. (NMIH) has a current EV/EBIT of 0.00. The 5-year average EV/EBIT is 4.00. The thresholds are as follows: Strongly Undervalued below -2.22, Undervalued between -2.22 and 0.89, Fairly Valued between 7.11 and 0.89, Overvalued between 7.11 and 10.21, and Strongly Overvalued above 10.21. The current Forward EV/EBIT of 0.00 falls within the Undervalued range.

36.43

NMI Holdings Inc. (NMIH) has a current PS of 36.43. The 5-year average PS is 3.84. The thresholds are as follows: Strongly Undervalued below 0.51, Undervalued between 0.51 and 2.18, Fairly Valued between 5.51 and 2.18, Overvalued between 5.51 and 7.18, and Strongly Overvalued above 7.18. The current Forward PS of 36.43 falls within the Strongly Overvalued range.

0.00

P/OCF

NMI Holdings Inc. (NMIH) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

NMI Holdings Inc. (NMIH) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

NMI Holdings Inc (NMIH) has a current Price-to-Book (P/B) ratio of 1.17. Compared to its 3-year average P/B ratio of 1.29 , the current P/B ratio is approximately -9.07% higher. Relative to its 5-year average P/B ratio of 1.28, the current P/B ratio is about -8.90% higher. NMI Holdings Inc (NMIH) has a Forward Free Cash Flow (FCF) yield of approximately 13.71%. Compared to its 3-year average FCF yield of 13.86%, the current FCF yield is approximately -1.09% lower. Relative to its 5-year average FCF yield of 14.66% , the current FCF yield is about -6.49% lower.

1.17

P/B

Median3y

1.29

Median5y

1.28

13.71

FCF Yield

Median3y

13.86

Median5y

14.66

Competitors Valuation Multiple

The average P/S ratio for NMIH's competitors is 77.06, providing a benchmark for relative valuation. NMI Holdings Inc Corp (NMIH) exhibits a P/S ratio of 36.43, which is -52.72% above the industry average. Given its robust revenue growth of 7.19%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Horace Mann Educators Corp

44.71

6.73%

1.80B

Performance Decomposition

Market capitalization of NMIH decreased by 8.00% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 162.12M to 173.78M.

The secondary factor is the Margin Expansion, contributed -2.59%to the performance.

Overall, the performance of NMIH in the past 1 year is driven by Revenue Growth. Which is more sustainable.

7.19%

162.12M → 173.78M

Revenue Growth

-2.59%

56.80 → 55.33

Margin Expansion

-12.60%

8.85 → 7.74

P/E Change

-8.00%