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NMI HoldingsNMIH +0.66%84 EV-to-EBITDA is 6.90 as of Aug. 25, 2026, which is 2% below its 10-year median of 7.04. GuruFocus rates NMIH with a GF Score™ of 84/100 and a GF Value™ of $41.14 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 348 Insurance companies, NMI Holdings ranks better than 62.36% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NMI Holdings's enterprise value is $3,766.1 Mil.
NMI Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $545.7 Mil. Therefore, NMI Holdings's EV-to-EBITDA for today is 6.90.
The historical rank and industry rank for NMI Holdings's EV-to-EBITDA or its related term are showing as below:
NMIH'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.67 Med: 7.04 Max: 75.28
Current: 6.9
During the past 13 years, the highest EV-to-EBITDA of NMI Holdings was 75.28. The lowest was 2.67. And the median was 7.04.
NMIH's EV-to-EBITDA is ranked better than 62.36% of 348
companies
in the Insurance industry
Industry Median: 7.915
vs NMIH: 6.90
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NMI Holdings's PE Ratio (TTM) for today is calculated as:
NMI Holdings's share price for today is $45.46.
NMI Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.080.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for NMI Holdings's EV-to-EBITDA 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.
For the Insurance - Specialty subindustry, NMI Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, NMI Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NMI Holdings's EV-to-EBITDA falls into.
NMI Holdings's current Enterprise Value is $3,766.1 Mil.
NMI Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $545.7 Mil.
* 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.
NMI Holdings (NMIH) has a EV-to-EBITDA of 6.90 as of Aug. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NMI Holdings. This is near median its historical median of 7.04. Over the past decade, NMI Holdings' EV-to-EBITDA has ranged from 2.67 to 75.28. According to the industry distribution chart, NMI Holdings ranks #131 out of 348 companies in the Insurance industry, placing it in the top 37.6%.
Is NMI Holdings' EV-to-EBITDA too high?
NMI Holdings' current EV-to-EBITDA of 6.90 is near median its 10-year median of 7.04. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 75.28. The Insurance industry median EV-to-EBITDA is 7.92. NMI Holdings' value of 6.90 is 12.8% below this industry median. Based on the distribution chart, NMI Holdings ranks #131 out of 348 companies in the Insurance industry, which is above the industry midpoint. Overall, NMI Holdings has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMI Holdings' EV-to-EBITDA compare to AGO and RDN?
According to the Insurance industry distribution chart, NMI Holdings ranks #131 out of 348 companies for EV-to-EBITDA. This puts NMI Holdings in the upper half of its industry. The industry median EV-to-EBITDA is 7.92. NMI Holdings' value of 6.90 is 12.8% below this benchmark. Historically, NMI Holdings' own EV-to-EBITDA has ranged from 2.67 to 75.28 over the past decade. While the company's 10-year median is 7.04 vs. the industry median of 7.92, NMI Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Insurance company?
The median EV-to-EBITDA among Insurance companies is 7.92, based on 348 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMI Holdings's current EV-to-EBITDA of 6.90 is 12.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NMI Holdings. For the Insurance industry, the median EV-to-EBITDA is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMI Holdings's current EV-to-EBITDA is 6.90, which is near median its own 10-year median of 7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMI Holdings (NMIH) is currently considered Modestly Overvalued. The stock's GF Value™ is $41.14, compared to a current price of $45.46 — trading 10.5% above its estimated fair value. The current EV-to-EBITDA is 6.90, which is near median its 10-year median of 7.04 and 12.8% below the Insurance industry median of 7.92. NMI Holdings' overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For NMI Holdings (NMIH), the current EV-to-EBITDA is 6.90 as of Aug. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NMI Holdings (NMIH) Overvalued in 2026?
Based on GuruFocus' analysis, NMI Holdings stock appears to be overvalued.
The current stock price of $45.46 is trading 10.5% above its estimated GF Value™ of $41.14.
GuruFocus considers NMI Holdings to be Modestly Overvalued.
Key valuation signals for NMIH:
EV-to-EBITDA: 6.90 (near median its 10-year median of 7.04)
GF Value™: $41.14 vs. price of $45.46 (10.5% above fair value)
Industry Position: 12.8% below the Insurance median (#131 of 348)
No single metric tells the full story. See the NMIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.
84GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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