The current PE ratio for NMI Holdings stock as of Jul 25, 2024 is 9.39. This is calculated based on the TTM EPS of $4.12 and the stock price of $38.7 per share. The PE ratio has increased by 26% from its last 4 quarters average of 7.4.
The average historical PE ratio of NMI Holdings for the last eight years is 11.26. The current price-to-earnings ratio of 9.39 is 17% 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.
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's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
When compared to its peers AIG and ALL, NMIH's PE ratio is lower, but it is higher than ESNT's and MTG's. NMI Holdings's PE ratio is trading below the peer average of 11.45.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HCI HCI Group Inc | 7.54 | $957.13M |
| ESNT Essent Group Ltd | 9.41 | $6.7B |
| MTG Mgic Investment Corp | 9.5 | $6.63B |
| NMIH NMI Holdings Inc | 9.56 | $3.16B |
| RDN Radian Group Inc | 9.71 | $5.57B |
| AIG American International Group Inc | 11.38 | $51.26B |
| HMN Horace Mann Educators Corp | 21.71 | $1.4B |
| ALL Allstate Corp | 36.62 | $44.65B |
| ERIE Erie Indemnity Co | 37.03 | $19.46B |
As of Jul 25, 2024, NMIH stock has a price to earnings ratio of 9.39.
The average PE ratio for NMIH stock over the past 3 years is 7.07.
The average PE ratio for NMIH stock over the past 5 years is 7.97.
Over the last eight years, the quarterly PE ratio reached its highest level at 45.95 in the Dec 2017 quarter.
The current PE ratio of NMIH is 17% lower than the 8-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
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 (Jul 25, 2024), NMI Holdings's share price is $38.7. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.12. Therefore, NMI Holdings's price to earnings ratio for today is 9.39. PE RATIO(9.39) = STOCK PRICE($38.7) / TTM EPS($4.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.