Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). NMI Holdings's share price for the quarter that ended in Mar. 2026 was $37.51. NMI Holdings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 76.2 Mil. Therefore, NMI Holdings's market cap for the quarter that ended in Mar. 2026 was $2,856.4 Mil.
NMI Holdings's quarterly market cap
increased
from Sep. 2025 ($2,955.9 Mil) to Dec. 2025 ($3,111.7 Mil) but then
declined
from Dec. 2025 ($3,111.7 Mil) to Mar. 2026 ($2,856.4 Mil).
NMI Holdings's annual market cap
increased
from Dec. 2023 ($2,400.5 Mil) to Dec. 2024 ($2,889.4 Mil) and
increased
from Dec. 2024 ($2,889.4 Mil) to Dec. 2025 ($3,111.7 Mil).
Enterprise Value is 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 and cash equivalents. NMI Holdings's Enterprise Value for Today is $3,478.4 Mil.
NMI Holdings (NAS:NMIH) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
NMI Holdings Market Cap Related Terms
NMI Holdings Market Cap Historical Data
* Premium members only.
The historical data trend for NMI Holdings's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Insurance Industry
For the Insurance industry and Financial Services sector, NMI Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where NMI Holdings's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
NMI Holdings's Market Cap 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.
NMI Holdings (NMIH) has a Market Cap of $3,131.6 Mil as of Jun. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NMI Holdings and its competitors. According to the industry distribution chart, NMI Holdings ranks #162 out of 524 companies in the Insurance industry, placing it in the top 30.9%.
Is NMI Holdings' Market Cap too high?
NMI Holdings' current Market Cap is $3,131.6 Mil. The Insurance industry median Market Cap is 662.69. NMI Holdings' value of $3,131.6 Mil is 372.6% above this industry median. Based on the distribution chart, NMI Holdings ranks #162 out of 524 companies in the Insurance industry, which is above the industry midpoint. Overall, NMI Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NMI Holdings' Market Cap compare to AGO and RDN?
According to the Insurance industry distribution chart, NMI Holdings ranks #162 out of 524 companies for Market Cap. This puts NMI Holdings in the upper half of its industry. The industry median Market Cap is 662.69. NMI Holdings' value of $3,131.6 Mil is 372.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Insurance company?
The median Market Cap among Insurance companies is 662.69, based on 524 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMI Holdings's current Market Cap of $3,131.6 Mil is 372.6% above 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NMI Holdings and its competitors. For the Insurance industry, the median Market Cap is 662.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMI Holdings's current Market Cap is $3,131.6 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 $41.22 — trading 3.6% above its estimated fair value. The current Market Cap is $3,131.6 Mil and 372.6% above the Insurance industry median of 662.69. NMI Holdings' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For NMI Holdings (NMIH), the current Market Cap is $3,131.6 Mil as of Jun. 29, 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 $41.22 is trading 3.6% above its estimated GF Value™ of $39.78.
GuruFocus considers NMI Holdings to be Fairly Valued.
Key valuation signals for NMIH:
Market Cap: $3,131.6 Mil
GF Value™: $39.78 vs. price of $41.22 (3.6% above fair value)
Industry Position: 372.6% above the Insurance median (#162 of 524)
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.
82GF Score
Get the complete analysis for NMIH
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NMIH has been successfully added to your 
