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

NMI Holdings Inc (NMIH) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, NMI Holdings Inc (NMIH) trades at a P/S ratio of 4.5×. Over the past ten years it has ranged from 1.6× (April 2020) to 27.7× (January 2015); the current reading is higher than 46% of that period. That is above the Insurance Specialty industry median of 1.7× and above the Financial sector median of 2.3×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 4.5× (0.59%)
FY2024 4.5× 6.81%
FY2023 4.2× 23.06%
FY2022 3.4× (11.06%)
FY2021 3.9× (5.44%)
FY2020 4.1× (31.09%)
FY2019 5.9× 40.27%
FY2018 4.2× (27.37%)
FY2017 5.8× 12.76%
FY2016 5.2× (30.47%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.8× (11.10%)
Jun 2026 4.3× 6.87%
Mar 2026 4.0× (11.05%)
Dec 2025 4.5× 4.54%
43 more quarters

Against its own ten years

Low 1.6× High 27.7×
Ten-year median 4.5×
Current reading's percentile 57

P/S ratio against peers

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on NMIH