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NMI Holdings Earnings Yield (Joel Greenblatt) %

: 21.41% (As of Jun. 2022)
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NMI Holdings's Enterprise Value for the quarter that ended in Jun. 2022 was $1,735.4 Mil. NMI Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $371.6 Mil. NMI Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 21.41%.

The historical rank and industry rank for NMI Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NMIH' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.55   Med: 8.48   Max: 36.17
Current: 16.69

During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of NMI Holdings was 36.17%. The lowest was -3.55%. And the median was 8.48%.

NMIH's Earnings Yield (Joel Greenblatt) % is ranked better than
73.73% of 354 companies
in the Insurance industry
Industry Median: 8.66 vs NMIH: 16.69

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. NMI Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 36.60%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


NMI Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for NMI Holdings's Earnings Yield (Joel Greenblatt) % 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.

* Premium members only.

NMI Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.75 11.55 9.62 11.01 14.97

NMI Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.56 13.93 14.97 17.04 21.41

Competitive Comparison

For the Insurance - Specialty subindustry, NMI Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.

   

NMI Holdings Earnings Yield (Joel Greenblatt) % Distribution

For the Insurance industry and Financial Services sector, NMI Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where NMI Holdings's Earnings Yield (Joel Greenblatt) % falls into.



NMI Holdings Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

NMI Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=328.521/2195.71468
=14.96 %

NMI Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $371.6 Mil.



NMI Holdings  (NAS:NMIH) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


NMI Holdings Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of NMI Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


NMI Holdings Business Description

NMI Holdings logo
Industry
Traded in Other Exchanges
Address
2100 Powell Street, Emeryville, CA, USA, 94608
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans and outsourced loan review services to mortgage loan originators. It 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.
Executives
Fitzgerald Norman Peter officer: EVP, Chief Sales Officer 2100 POWELL ST. 12TH FLOOR EMERYVILLE CA 94608
Mallela Ravi officer: Chief Financial Officer C/O NMI HOLDINGS, INC. (NATIONAL MI) 2100 POWELL ST., 12TH FLOOR EMERYVILLE CA 94608
Yousaf Mohammad Nawaz officer: EVP, Operations & Info. Tech. 2100 POWELL ST. 12TH FLOOR EMERYVILLE CA 94608
Huskins Priya Cherian director 600 LA TERRAZA BOULEVARD ESCONDIDO CA 92025
Mccreary Lynn S. director NMI HOLDINGS, INC. (NATIONAL MI) 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608
Smith Robert Owen officer: EVP, Chief Risk Officer 2100 POWELL STREET 12TH FLOOR EMERYVILLE CA 94608
Norberg Julie officer: Vice President, Controller 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608
Pollitzer Adam officer: EVP, Chief Financial Officer 2100 POWELL STREET 12TH FLOOR EMERYVILLE CA 94608
Muehlhauser Regina director 2100 POWELL STREET 12TH FLOOR EMERYVILLE CA 94608
Farrell Glenn Michael officer: Chief Financial Officer C/O NMI HOLDINGS, INC. 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608
Leatherberry William J officer: EVP, General Counsel 2100 POWELL STREET 12TH FLOOR EMERYVILLE CA 94608
Fore Robert Hamilton Iii officer: Vice President, Controller C/O NMI HOLDINGS, INC. 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608
Pachura Stan officer: EVP, Chief Information Officer C/O NMI HOLDINGS, INC. 2100 POWELL ST., 12TH FLOOR EMERYVILLE CA 94608
Merkle Claudia J officer: EVP, Chief Insurance Officer C/O NMI HOLDINGS, INC. 2100 POWELL ST., 12TH FLOOR EMERYVILLE CA 94608
Francesconi Joseph officer: Vice President, Controller C/O NMI HOLDINGS, INC. 2100 POWELL ST., 12TH FLOOR EMERYVILLE CA 94608

NMI Holdings Headlines

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