P/E ratio for NMI Holdings (NMIH)
P/E ratio as of April 2024 (TTM): 8.22
According to NMI Holdings 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.216. At the end of 2022 the company had a P/E ratio of 6.06.
P/E ratio history for NMI Holdings from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.06 | -25.14% |
| 2021 | 8.09 | -20.32% |
| 2020 | 10.2 | -22.25% |
| 2019 | 13.1 | 21.48% |
| 2018 | 10.8 | -76.6% |
| 2017 | 45.9 | 374.56% |
| 2016 | 9.68 | -167.21% |
| 2015 | -14.4 | 32.53% |
| 2014 | -10.9 | -15.47% |
| 2013 | -12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -21.7 | -364.52% | 🇺🇸 USA |
 American International Group AIG | 12.2 | 47.94% | 🇺🇸 USA |
 Erie Indemnity ERIE | 44.2 | 438.17% | 🇺🇸 USA |
 Essent Group ESNT | 8.58 | 4.39% | 🇧🇲 Bermuda |
 HCI Group
HCI | -51.6 | -727.93% | 🇺🇸 USA |
 Radian Group
RDN | 7.69 | -6.37% | 🇺🇸 USA |
 MGIC Investment
MTG | 8.16 | -0.73% | 🇺🇸 USA |
 Horace Mann Educators HMN | -167 | -2,133.73% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.