NI Holdings (FRA:4V0) Altman Z-Score

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4V0 NI Holdings Inc FRA:4V0
67 GF Score
Price €13.60
GF Value €12.18
! 4 Warning Signs
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What is NI Holdings Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

FRA:4V0
67GF Score
NI Holdings Inc FRA:4V0
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is NI Holdings (FRA:4V0) Overvalued in 2026?

Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued. The current stock price of €13.60 is trading 11.7% above its estimated GF Value™ of €12.18.

Key valuation signals for FRA:4V0:

  • Altman Z-Score:
  • GF Value™: €12.18 vs. price of €13.60 (11.7% above fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the FRA:4V0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NI Holdings Business Description

Other Exchanges NODK:USA
Address 1101 First Avenue North, Fargo, ND, USA, 58102
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.
67GF Score

Get the complete analysis for FRA:4V0

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.60
Price
€12.18
GF Value