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Friday 6 November 2026 Export NMIH’s income statement to Excel — free account

NMI Holdings Inc

NMIH Financial Insurance Specialty

NMI Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $706.4 million, up 8.52% from fiscal 2024.

Revenue
+4.96%
EPS
+0.81%
Free cash flow
+10.7%
Total debt
+0.48%

Quarter to September 2026, against a year earlier

44.13 0.17 +0.39%
Market cap
$3.3B
P/E
8.5×
Fwd P/E
8.0×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NMI Holdings Inc (NMIH) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, NMI Holdings Inc (NMIH) trades at a P/B ratio of 1.2×. Over the past ten years it has ranged from 0.6× (February 2016) to 2.7× (June 2019); the current reading is higher than 41% of that period. That is in line with the Insurance Specialty industry median of 1.2× and in line with the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (7.71%)
FY2024 1.3× 4.30%
FY2023 1.3× 14.07%
FY2022 1.1× (6.89%)
FY2021 1.2× (7.40%)
FY2020 1.3× (46.45%)
FY2019 2.4× 45.65%
FY2018 1.7× (20.68%)
FY2017 2.1× 55.44%
FY2016 1.3× 36.01%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.0× (9.93%)
Jun 2026 1.2× 6.04%
Mar 2026 1.1× (11.15%)
Dec 2025 1.2× 3.52%
43 more quarters

Against its own ten years

Low 0.6× High 2.7×
Ten-year median 1.3×
Current reading's percentile 37

P/B ratio against peers

Company P/B ratio
AGO Assured Guaranty Ltd. compare 0.6×
RDN Radian Group Inc. compare 1.0×
ESNT Essent Group Ltd. compare 1.1×
MTG MGIC Investment Corporation compare 1.2×
NMIH NMI Holdings Inc 1.2×
ACT Enact Holdings, Inc. compare 1.3×
FAF First American Financial Corporation compare 1.3×
FNF Fidelity National Financial, Inc. compare 1.3×
AXS Axis Capital Holdings Limited compare 1.4×
Insurance Specialty industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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