NMI HoldingsNMIH +0.32%82 PS Ratio is 4.50 as of Jul. 12, 2026, which is at its 10-year median of 4.50. GuruFocus rates NMIH with a GF Score™ of 82/100 and a GF Value™ of $39.52 (Fairly Valued). The stock has 3 warning signs investors should review. Among 501 Insurance companies, NMI Holdings ranks worse than 89.62% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, NMI Holdings's share price is $41.17.
NMI Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $9.14. Hence, NMI Holdings's PS Ratio for today is 4.50.
The historical rank and industry rank for NMI Holdings's PS Ratio or its related term are showing as below:
NMIH'
s PS Ratio Range Over the Past 10 Years
Min: 1.67 Med: 4.5 Max: 7.39
Current: 4.5
During the past 13 years, NMI Holdings's highest PS Ratio was 7.39. The lowest was 1.67. And the median was 4.50.
NMIH's PS Ratio is ranked worse than 89.62% of 501
companies
in the Insurance industry
Industry Median: 1.15
vs NMIH: 4.50
During the past 12 months, the average Revenue per Share Growth Rate of NMI Holdings was 10.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 13.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 20.20% per year.
During the past 13 years, NMI Holdings's highest 3-Year average Revenue per Share Growth Rate was 413.20% per year. The lowest was 4.70% per year. And the median was 24.20% per year.
Back to Basics: PS Ratio
NMI Holdings (NAS:NMIH) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
NMI Holdings PS Ratio Related Terms
NMI Holdings PS Ratio Historical Data
* Premium members only.
The historical data trend for NMI Holdings's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, NMI Holdings's PS Ratio distribution charts can be found below:
* The bar in red indicates where NMI Holdings's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
NMI Holdings's PS Ratio for today is calculated as
NMI Holdings's Share Price of today is $41.17. NMI Holdings's Revenue per Share 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 $9.14.
* 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.
It can also be calculated from the numbers for the whole company:
NMI Holdings (NMIH) has a PS Ratio of 4.50 as of Jul. 12, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on NMI Holdings and its competitors. This is near median its historical median of 4.50. Over the past decade, NMI Holdings' PS Ratio has ranged from 1.67 to 7.39. According to the industry distribution chart, NMI Holdings ranks #449 out of 501 companies in the Insurance industry, placing it in the top 89.6%.
Is NMI Holdings' PS Ratio too high?
NMI Holdings' current PS Ratio of 4.50 is near median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 7.39. The Insurance industry median PS Ratio is 1.15. NMI Holdings' value of 4.50 is 291.3% above this industry median. Based on the distribution chart, NMI Holdings ranks #449 out of 501 companies in the Insurance industry, which is in the bottom quartile relative to peers. 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' PS Ratio compare to AGO and RDN?
According to the Insurance industry distribution chart, NMI Holdings ranks #449 out of 501 companies for PS Ratio. This places NMI Holdings in the lower half of its industry. The industry median PS Ratio is 1.15. NMI Holdings' value of 4.50 is 291.3% above this benchmark. Historically, NMI Holdings' own PS Ratio has ranged from 1.67 to 7.39 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 1.15, NMI 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 PS Ratio for an Insurance company?
The median PS Ratio among Insurance companies is 1.15, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NMI Holdings's current PS Ratio of 4.50 is 291.3% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on NMI Holdings and its competitors. For the Insurance industry, the median PS Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NMI Holdings's current PS Ratio is 4.50, which is near median its own 10-year median of 4.50. 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 $39.52, compared to a current price of $41.17 — trading 4.2% above its estimated fair value. The current PS Ratio is 4.50, which is near median its 10-year median of 4.50 and 291.3% above the Insurance industry median of 1.15. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For NMI Holdings (NMIH), the current PS Ratio is 4.50 as of Jul. 12, 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 $41.17 is trading 4.2% above its estimated GF Value™ of $39.52.
GuruFocus considers NMI Holdings to be Fairly Valued.
Key valuation signals for NMIH:
PS Ratio: 4.50 (near median its 10-year median of 4.50)
GF Value™: $39.52 vs. price of $41.17 (4.2% above fair value)
Industry Position: 291.3% above the Insurance median (#449 of 501)
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
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