NMIH
NMI Holdings
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: NMIH
- PE Ratio
The current PE ratio for NMI Holdings stock as of Jun 23, 2026 is 7.68. This is calculated based on the TTM EPS of $5 and the stock price of $38.41 per share. The PE ratio has decreased by 4.9% from its last 4 quarters average of 8.1.
NMIH PE ratio history
The average historical PE ratio of NMI Holdings for the last ten years is 10.61. The current price-to-earnings ratio of 7.68 is 28% less than the historical average. Analyzing the last ten 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.
NMI Holdings PE ratio by year
Maximum annual increase: 366.02% in 2017
Maximum annual decrease: -76.61% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 8.14 | -0.12% | $40.79 | $5.01 |
| 2024 | 8.15 | 7.38% | $36.76 | $4.51 |
| 2023 | 7.59 | 25.25% | $29.68 | $3.91 |
| 2022 | 6.06 | -25.09% | $20.9 | $3.45 |
| 2021 | 8.09 | -21.46% | $21.85 | $2.7 |
| 2020 | 10.3 | -21.13% | $22.65 | $2.2 |
| 2019 | 13.06 | 21.49% | $33.18 | $2.54 |
| 2018 | 10.75 | -76.61% | $17.85 | $1.66 |
| 2017 | 45.95 | 366.02% | $17 | $0.37 |
| 2016 | 9.86 | N/A | $10.65 | $1.08 |
| 2015 | N/A | N/A | $6.77 | -$0.47 |
| 2014 | N/A | N/A | $9.13 | -$0.84 |
| 2013 | N/A | N/A | $12.73 | -$0.99 |
| 2012 | N/A | N/A | N/A | -$0.73 |
NMI Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 7.5 | -7.86% | $37.51 | $5 |
| Dec 2025 | 8.14 | 3.43% | $40.79 | $5.01 |
| Sep 2025 | 7.87 | -10.47% | $38.34 | $4.87 |
| Jun 2025 | 8.79 | 15.05% | $42.19 | $4.8 |
| Mar 2025 | 7.64 | -6.26% | $36.05 | $4.72 |
| Dec 2024 | 8.15 | -11.99% | $36.76 | $4.51 |
| Sep 2024 | 9.26 | 16.92% | $41.19 | $4.45 |
| Jun 2024 | 7.92 | 0.89% | $34.04 | $4.3 |
| Mar 2024 | 7.85 | 3.43% | $32.34 | $4.12 |
| Dec 2023 | 7.59 | 5.12% | $29.68 | $3.91 |
| Sep 2023 | 7.22 | 1.83% | $27.09 | $3.75 |
| Jun 2023 | 7.09 | 12.72% | $25.82 | $3.64 |
| Mar 2023 | 6.29 | 3.8% | $22.33 | $3.55 |
| Dec 2022 | 6.06 | -2.1% | $20.9 | $3.45 |
| Sep 2022 | 6.19 | 14.42% | $20.37 | $3.29 |
NMIH Price vs fair value
NMIH average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
NMIH's current PE ratio is higher than the 5-year average, but it is under its 3 and 10-year averages.
PE comparison
NMI Holdings's price to earnings (P/E) of 7.68 is lower than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 12.95, NMI Holdings's price to earnings (P/E) is 41% lower.
NMIH PE vs peers
When compared to its peers AIG and ERIE, NMIH's PE ratio is lower, but it is higher than ALL's and HCI's. NMI Holdings's PE ratio is trading below the peer average of 10.23.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ALL Allstate Corp | 5.05 | $59.61B |
| HCI HCI Group Inc | 7.24 | $2.2B |
| NMIH NMI Holdings Inc | 7.68 | $2.92B |
| MTG Mgic Investment Corp | 8.38 | $5.6B |
| ESNT Essent Group Ltd | 8.43 | $5.51B |
| RDN Radian Group Inc | 8.69 | $4.74B |
| HMN Horace Mann Educators Corp | 12.62 | $2.05B |
| AIG American International Group Inc | 13.38 | $40.58B |
| ERIE Erie Indemnity Co | 18.02 | $10.21B |
Frequently asked questions
What is NMI Holdings's PE ratio?
As of Jun 23, 2026, NMIH stock has a price to earnings ratio of 7.68.
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 7.92.
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 7.64.
What is the highest PE ratio for NMIH?
Over the last ten 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 28% lower than the 10-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 (Jun 23, 2026), NMI Holdings's share price is $38.41. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $5. Therefore, NMI Holdings's price to earnings ratio for today is 7.68. PE RATIO(7.68) = STOCK PRICE($38.41) / TTM EPS($5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.