NMI Holdings (NMIH) EV to EBITDA (2016 - 2026)
NMI Holdings' EV to EBITDA was 6.82 in Q2 2026, down 3.7% from 7.08 a year earlier but up 5.3% from the prior quarter.
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Analysis
NMI Holdings (NMIH) EV to EBITDA (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, NMI Holdings' EV to EBITDA was 6.27 through Jun 30, 2026, down 3.6% year-over-year; for FY2025, it was 6.77, up 5.9% from FY2024.
- EV to EBITDA has now increased for three consecutive years.
- In earlier years, EV to EBITDA was 6.39 in FY2024 (+11.4%), 5.74 in FY2023 (+30.0%), 4.41 in FY2022 (-27.4%) and 6.08 in FY2021 (-14.8%).
- Quarterly EV to EBITDA has moved between 4.44 (Q2 2022) and 7.31 (Q3 2024) over five years.
- Compared with a year earlier, EV to EBITDA was higher in five of the last eight quarters, with growth averaging 6.7%.
- The best year-over-year quarter for EV to EBITDA over five years was Q3 2024 (growth of 39.8%); the worst was Q2 2022 (a decline of 35.1%).
- Per Business Quant data, NMIH's EV to EBITDA in the three quarters before Q2 2026 was 6.47 (Q1 2026), 6.77 (Q4 2025) and 6.32 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 137.65 Bn | 84.23 Bn | 9.13 Bn |
| 2 | Progressive | 129.27 Bn | 105.11 Bn | 9.04 Bn |
| 3 | Marsh & Mclennan Companies | 90.79 Bn | 82.95 Bn | - |
| 4 | Travelers Companies | 83.98 Bn | 60.23 Bn | 6.23 Bn |
| 5 | Manulife Financial | 77.09 Bn | -17.80 Bn | - |
| 6 | Arthur J. Gallagher | 66.40 Bn | 60.80 Bn | - |
| 7 | Metlife | 65.77 Bn | -41.01 Bn | 7.82 Bn |
| 8 | Allstate | 64.29 Bn | 25.56 Bn | 8.73 Bn |
| 9 | Aon | 62.89 Bn | 56.11 Bn | - |
| 10 | NMI Holdings | 3.09 Bn | 2.77 Bn | 174.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.78 |
| Mar 31, 2026 | 6.44 |
| Dec 31, 2025 | 6.73 |
| Sep 30, 2025 | 6.28 |
| Jun 30, 2025 | 7.04 |
| Mar 31, 2025 | 5.95 |
| Dec 31, 2024 | 6.36 |
| Sep 30, 2024 | 7.27 |
| Jun 30, 2024 | 6.25 |
| Mar 31, 2024 | 6.06 |
| Dec 31, 2023 | 5.98 |
| Sep 30, 2023 | 5.20 |
| Jun 30, 2023 | 5.52 |
| Mar 31, 2023 | 5.03 |
| Dec 31, 2022 | 5.01 |
| Sep 30, 2022 | 4.91 |
| Jun 30, 2022 | 4.41 |
| Mar 31, 2022 | 5.89 |
| Dec 31, 2021 | 6.45 |
| Sep 30, 2021 | 6.57 |
API Access
NMI Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "NMIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();