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 Dec. 2023 was $29.68. NMI Holdings's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 80.9 Mil. Therefore, NMI Holdings's market cap for the quarter that ended in Dec. 2023 was $2,400.6 Mil.
NMI Holdings's quarterly market cap
increased
from Jun. 2023 ($2,124.7 Mil) to Sep. 2023 ($2,211.4 Mil) and
increased
from Sep. 2023 ($2,211.4 Mil) to Dec. 2023 ($2,400.6 Mil).
NMI Holdings's annual market cap
declined
from Dec. 2021 ($1,874.6 Mil) to Dec. 2022 ($1,746.2 Mil) but then
increased
from Dec. 2022 ($1,746.2 Mil) to Dec. 2023 ($2,400.6 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 $2,782.5 Mil.
NMI Holdings Market Cap Historical Data
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.
Competitive Comparison of NMI Holdings's Market Cap
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's Market Cap Distribution in the 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.
NMI Holdings Market Cap Calculation
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. 2023 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 (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
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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.
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