NASD · Financial · Insurance - Specialty · USA
NMI Holdings Inc is a mid cap company (market value between $2 billion and $10 billion) in the Insurance - Specialty industry.
NMI Holdings Inc offers insurance covering residential mortgages with high loan-to-value ratios, shielding lenders and investors against losses from borrower defaults. The company works with a diverse range of mortgage originators including depository institutions and non-bank lenders, enabling them to sell mortgages to government-sponsored enterprises. Its subsidiary NMIS provides external loan review services to mortgage originators.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the NMI Holdings Inc stock.
Undervalued: intrinsic value $76.58 per share, market price $41.64, margin of safety 45.6% (as of 2026-10-20).
Book value at 2.31x, the multiple a 15.4% return on equity justifies, blended with earnings, values the shares at $76.58; the price of $41.64 is 46% below that value.
Leak Score: 94/100 on 11 of 12 signals (Major Leak).
17 more funds hold it; the full list is part of the paid plan.
All 15 Insurance - Specialty stocks
NMIH is undervalued (as of the 2026-10-20 close). Book value at 2.31x, the multiple a 15.4% return on equity justifies, blended with earnings, values the shares at $76.58; the price of $41.64 is 46% below that value.
$76.58 per share (as of the 2026-10-20 close), against a market price of $41.64. That is a margin of safety of 45.6%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
94 out of 100, which we rate "Major Leak", on 11 of 12 value investing signals.