NODK (NI Holdings) EV-to-EBITDA: (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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NODK NI Holdings Inc NODK
65 GF Score
Price $15.20
GF Value $14.27
Valuation Fairly Valued
! 3 Warning Signs
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What is NI Holdings EV-to-EBITDA?

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NI Holdings's enterprise value is $258.5 Mil. NI Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $0.0 Mil. Therefore, NI Holdings's EV-to-EBITDA for today is .

The historical rank and industry rank for NI Holdings's EV-to-EBITDA or its related term are showing as below:

NODK's EV-to-EBITDA is not ranked *
in the Insurance industry.
Industry Median: 8.04
* Ranked among companies with meaningful EV-to-EBITDA only.

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.

As of today (2026-08-20), NI Holdings's stock price is $15.20. NI Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.380. Therefore, NI Holdings's PE Ratio (TTM) for today is 40.00.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


NI Holdings  (NAS:NODK) EV-to-EBITDA Explanation

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.

NI Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=15.20/0.380
=40.00

NI Holdings's share price for today is $15.20.
NI 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 $0.380.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


NI Holdings EV-to-EBITDA Related Terms


NI Holdings EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for NI 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.

NI Holdings EV-to-EBITDA Chart

NI Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NI Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial 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 0.00 0.00 0.00 0.00 0.00

NODK vs KINS, AII, GBLI: EV-to-EBITDA Comparison

For the Insurance - Property & Casualty subindustry, NI 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.


NI Holdings EV-to-EBITDA vs Insurance Industry

For the Insurance industry and Financial Services sector, NI Holdings's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where NI Holdings's EV-to-EBITDA falls into.


NODK
65GF Score
NI Holdings Inc NODK
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NI Holdings EV-to-EBITDA Calculation

NI Holdings's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=258.543/0
=

NI Holdings's current Enterprise Value is $258.5 Mil.
NI 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 $0.0 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.

Is NI Holdings (NODK) Overvalued in 2026?

Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued. The current stock price of $15.20 is trading 6.5% above its estimated GF Value™ of $14.27. GuruFocus considers NI Holdings to be Fairly Valued.

Key valuation signals for NODK:

  • EV-to-EBITDA:
  • GF Value™: $14.27 vs. price of $15.20 (6.5% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the NODK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NI Holdings Business Description

Address 1101 First Avenue North, Fargo, ND, USA, 58102
NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home and Farm segment.
65GF Score

Get the complete analysis for NODK

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.20
Price
$14.27
GF Value