Is NMI Holdings (NMIH) overvalued or fairly valued?

MarketChacha shows NMI Holdings's valuation in context — a trailing P/E of about 8.3, a forward P/E of about 7.7, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does NMI Holdings's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.08×) from reported figures — education, not a rating.

What is NMI Holdings's revenue?

NMI Holdings reported revenue of $706.4M for FY2025, with net profit of $388.9M, per official filings.

What is the share price of NMI Holdings (NMIH)?

NMI Holdings last traded at $41.53 (-0.8% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

NMI Holdings

NMIH · NYSE · Financials · United States

$41.53-0.8%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:33 PM

Snapshot

TickerNMIH

ExchangeNYSE

SectorFinancials

IndustryInsurance - Specialty

CountryUnited States

Employees225

HeadquartersEmeryVille, United States

Market cap$3.2B

P/E (TTM)8.3

P/B1.2

Volume180.07K

Websitewww.nationalmi.com

Filings tracked3

About NMI Holdings

NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company 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. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.7%
Institutions98.3%
Public & other0.0%

492 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.16.93%
Dimensional Fund Advisors LP5.73%
Vanguard Capital Management LLC4.52%
State Street Corporation4.35%
Vanguard Portfolio Management LLC3.96%
American Century Companies Inc3.58%
Geode Capital Management, LLC2.65%
Van Berkom & Associates Inc.2.62%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.08×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend55.6% → 55.1%

Margin has held broadly steady over the period — stable profitability.

Return on equity15.0%

Latest ROE of 15.0% — capital is generating a healthy return.

Growth qualityrev 10% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $187.5M · EPS 1.28

Est. earnings growth +6.1%

Next fiscal year

Rev $780.8M · EPS 5.35

Est. earnings growth +4.6%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$34.8452-wk range$43.36

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$3.2B

Day change

-0.8%

P/E (TTM)

8.3

Fwd P/E

7.7

P/B

1.2

Beta

0.54

Revenue (FY2025)

$706.4M

Net margin

55.1%

ROE

15.0%

Revenue CAGR (2y)

+10.5%

Profit CAGR (2y)

+9.9%

EPS (FY2025)

4.92

Net profit (FY2025)

$388.9M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about NMIH

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$706.4M	$388.9M	4.92	55.1%	15.0%
FY2024	$651.0M	$360.1M	4.43	55.3%	16.2%
FY2023	$579.0M	$322.1M	3.84	55.6%	16.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$183.5M	$99.3M	1.28	54.1%
2025Q3	$178.7M	$96.0M	1.22	53.7%
2025Q2	$173.8M	$96.2M	1.21	55.3%
2025Q1	$173.2M	$102.6M	1.28	59.2%
2024Q3	$166.1M	$92.8M	1.15	55.9%
2024Q2	$162.1M	$92.1M	1.13	56.8%
2024Q1	$156.3M	$89.0M	1.08	57.0%
2023Q4	—	$83.4M	1.01	—
2023Q3	$148.2M	$84.0M	1.00	56.7%
2023Q2	$142.7M	$80.3M	0.95	56.3%
2023Q1	$136.8M	$74.5M	0.88	54.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results
SEC5/15/2026material
10-Q filing
SEC5/1/2026
8-K — Results of operations, Exhibits
SEC4/30/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.