NI HoldingsNODK -0.35%66 Net Margin % is 20.99% as of Mar. 2026, which is 680% above its 10-year median of 2.69. GuruFocus rates NODK with a GF Score™ of 66/100 and a GF Value™ of $14.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 501 Insurance companies, NI Holdings ranks worse than 92.02% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NI Holdings's Net Income for the
three
months ended in Mar. 2026 was $12.5 Mil. NI Holdings's Revenue for the
three
months ended in Mar. 2026 was $59.6 Mil. Therefore, NI Holdings's net margin for the quarter that ended in Mar. 2026 was 20.99%.
The historical rank and industry rank for NI Holdings's Net Margin % or its related term are showing as below:
NODK'
s Net Margin % Range Over the Past 10 Years
Min: -19.83 Med: 2.69 Max: 14.64
Current: -1.6
NODK's Net Margin % is ranked worse than 92.02% of 501
companies
in the Insurance industry
Industry Median: 9.29
vs NODK: -1.60
NI Holdings (NAS:NODK) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NI Holdings Net Margin % Related Terms
NI Holdings Net Margin % Historical Data
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The historical data trend for NI Holdings's Net Margin % 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 - Property & Casualty subindustry, NI Holdings's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NI Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where NI Holdings's Net Margin % falls into.
* 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 (NODK) has a Net Margin % of 20.99% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NI Holdings and its competitors. This is 680% above median its historical median of 2.69. According to the industry distribution chart, NI Holdings ranks #461 out of 501 companies in the Insurance industry, placing it in the top 92%.
Is NI Holdings' Net Margin % too high?
NI Holdings' current Net Margin % of 20.99% is 680% above median its 10-year median of 2.69. The Insurance industry median Net Margin % is 9.29. NI Holdings' value of 20.99% is 125.9% above this industry median. Based on the distribution chart, NI Holdings ranks #461 out of 501 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NI Holdings has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NI Holdings' Net Margin % compare to AII and KINS?
According to the Insurance industry distribution chart, NI Holdings ranks #461 out of 501 companies for Net Margin %. This places NI Holdings in the lower half of its industry. The industry median Net Margin % is 9.29. NI Holdings' value of 20.99% is 125.9% above this benchmark. While the company's 10-year median is 2.69 vs. the industry median of 9.29, NI Holdings has consistently been above 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 Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NI Holdings's current Net Margin % of 20.99% is 125.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NI Holdings and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NI Holdings's current Net Margin % is 20.99%, which is 680% above median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NI Holdings (NODK) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.13, compared to a current price of $15.71 — trading 11.1% above its estimated fair value. The current Net Margin % is 20.99%, which is 680% above median its 10-year median of 2.69 and 125.9% above the Insurance industry median of 9.29. NI Holdings' overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NI Holdings (NODK), the current Net Margin % is 20.99% as of Mar. 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 NI Holdings (NODK) Overvalued in 2026?
Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued.
The current stock price of $15.71 is trading 11.1% above its estimated GF Value™ of $14.13.
GuruFocus considers NI Holdings to be Modestly Overvalued.
Key valuation signals for NODK:
Net Margin %: 20.99% (680% above median its 10-year median of 2.69)
GF Value™: $14.13 vs. price of $15.71 (11.1% above fair value)
Industry Position: 125.9% above the Insurance median (#461 of 501)
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 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.
66GF Score
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