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NMIH NMI Holdings PE ratio, current and historical analysis

The current PE ratio for NMI Holdings stock as of Feb 23, 2024 is 7.56. This is calculated based on the TTM EPS of $3.91 and the stock price of $29.57 per share. The PE ratio has increased by 7% from its last 4 quarters average of 7.0.

NMIH PE ratio history

How has NMIH's PE ratio performed in the past

The average historical PE ratio of NMI Holdings for the last eight years is 11.38. The current price-to-earnings ratio of 7.56 is 34% less than the historical average. Analyzing the last eight years, NMIH's PE ratio reached its highest point in the Dec 2017 quarter at 45.95, when the price was $17 and the EPS was $0.37. The lowest point was recorded in the Mar 2020 quarter, when it reached 4.02 with a price of $11.61 and an EPS of $2.89.

Average
11.38
Median
8.83
Minimum
4.02
Maximum
45.95

NMI Holdings PE ratio by year

Maximum annual increase: 366.02% in 2017

Maximum annual decrease: -76.61% in 2018

Year PE ratio Change
2023 7.59 25.25%
2022 6.06 -25.09%
2021 8.09 -21.46%
2020 10.3 -21.13%
2019 13.06 21.49%
2018 10.75 -76.61%
2017 45.95 366.02%
2016 9.86 N/A
2015 N/A N/A
2014 N/A N/A

NMIH average PE ratio chart

What is the average PE ratio of NMIH for the past years

NMIH's current PE ratio is under its 3, 5 and 10-year averages.

3-year avg
7.63
5-year avg
8.61
10-year avg
11.38
15-year avg
N/A

NMIH PE vs peers

What is NMIH's PE ratio compared to its peers

When compared to its peers AIG and ERIE, NMIH's PE ratio is lower, but it is higher than RDN's. NMI Holdings's PE ratio is trading below the peer average of 11.6.

Stock name PE ratio Market cap
RDN Radian Group Inc 7.2 $4.16B
NMIH NMI Holdings Inc 7.56 $2.39B
MTG Mgic Investment Corp 7.69 $5.2B
ESNT Essent Group Ltd 8.06 $5.65B
AIG American International Group Inc 14.21 $48.57B
HCI HCI Group Inc 20.82 $854.52M
ERIE Erie Indemnity Co 40.64 $16.14B
ALL Allstate Corp N/A $41.86B
HMN Horace Mann Educators Corp N/A $1.5B

Frequently asked questions

What is NMI Holdings's PE ratio?

As of Feb 23, 2024, NMIH stock has a price to earnings ratio of 7.56.

What is the 3-year average PE ratio for NMI Holdings (NMIH)?

The average PE ratio for NMIH stock over the past 3 years is 7.63.

What is the 5-year average PE ratio for NMI Holdings (NMIH)?

The average PE ratio for NMIH stock over the past 5 years is 8.61.

What is the highest PE ratio for NMIH?

Over the last eight years, the quarterly PE ratio reached its highest level at 45.95 in the Dec 2017 quarter.

How does the current PE ratio for NMIH compare to its historical average?

The current PE ratio of NMIH is 34% lower than the 8-year historical average.

Why is NMI Holdings's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is NMIH's PE ratio calculated (NMI Holdings PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Feb 23, 2024), NMI Holdings's share price is $29.57. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.91. Therefore, NMI Holdings's price to earnings ratio for today is 7.56. PE RATIO(7.56) = STOCK PRICE($29.57) / TTM EPS($3.91)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.