Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, NMI Holdings's Enterprise Value is $3,468.5 Mil.
NMI Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $521.9 Mil. Therefore, NMI Holdings's EV-to-EBIT ratio for today is 6.65.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, NMI Holdings's Enterprise Value is $3,468.5 Mil.
NMI Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $532.7 Mil. Therefore, NMI Holdings's EV-to-EBITDA ratio for today is 6.51.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, NMI Holdings's Enterprise Value is $3,468.5 Mil.
NMI Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $716.7 Mil. Therefore, NMI Holdings's EV-to-Revenue ratio for today is 4.84.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, NMI Holdings's Enterprise Value is $3,468.5 Mil.
NMI Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $428.1 Mil. Therefore, NMI Holdings's EV-to-FCF ratio for today is 8.10.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
NMI Holdings (NAS:NMIH) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
NMI Holdings's current Enterprise Value is $3,468.5 Mil.
NMI Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $521.9 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
NMI Holdings's current Enterprise Value is $3,468.5 Mil.
NMI Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $532.7 Mil.
NMI Holdings's current Enterprise Value is $3,468.5 Mil.
NMI Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $716.7 Mil.
NMI Holdings's current Enterprise Value is $3,468.5 Mil.
NMI Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $434.2 Mil.
NMI Holdings's current Enterprise Value is $3,468.5 Mil.
NMI Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $428.1 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 Enterprise Value Related Terms
NMI Holdings Enterprise Value Historical Data
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The historical data trend for NMI Holdings's Enterprise Value 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.
NMIH vs AGO, RDN, RYAN: Enterprise Value Comparison
For the Insurance - Specialty subindustry, NMI Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Insurance Industry
For the Insurance industry and Financial Services sector, NMI Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where NMI Holdings's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
NMI Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of $3,468.5 Mil mean?
NMI Holdings (NMIH) has a Enterprise Value of $3,468.5 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on NMI Holdings and its competitors.
Is NMI Holdings' Enterprise Value too high?
NMI Holdings' current Enterprise Value is $3,468.5 Mil. Overall, NMI Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NMI Holdings' Enterprise Value compare to AGO and RDN?
NMI Holdings' Enterprise Value of $3,468.5 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on NMI Holdings and its competitors. NMI Holdings's current Enterprise Value is $3,468.5 Mil. 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 Fairly Valued. The stock's GF Value™ is $39.78, compared to a current price of $41.09 — trading 3.3% above its estimated fair value. The current Enterprise Value is $3,468.5 Mil. NMI Holdings' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For NMI Holdings (NMIH), the current Enterprise Value is $3,468.5 Mil as of Jun. 30, 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 $41.09 is trading 3.3% above its estimated GF Value™ of $39.78.
GuruFocus considers NMI Holdings to be Fairly Valued.
Key valuation signals for NMIH:
Enterprise Value: $3,468.5 Mil
GF Value™: $39.78 vs. price of $41.09 (3.3% above fair value)
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.
77GF Score
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