NMI Holdings, Inc.
—- Market cap
- $3.37B
- Debt
- +-$214.35M
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 107% equity / -7% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: NMIH stock price at discount vs AAPL $44.83 current versus $211.03 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AAPL's multiple
Implied fair value · at NMIH's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NMIH FY 2025 (ended Dec 31, 2025) · AAPL FY 2025 (ended Sep 27, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 107% equity / -7% debt
Capital structure 98% equity / 2% debt · EV / Revenue 11.34x · EV / EBITDA 33.53x
AAPL carries the larger enterprise value at $4.72T against $3.16B; NMIH trades on the lower EV / Revenue multiple (4.47x vs 11.34x); NMIH on the lower EV / EBITDA (5.94x vs 33.53x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NMI Holdings, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Apple Inc. · implied price per share
Bear
$102.98
Base
$125.76
Bull
$143.55
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.08x
1.40x
Net debt / EBITDA
Leverage against operating earnings
—
0.34x
Cash and equivalents
Liquid reserves on the balance sheet
—
$54.70B
Total debt
Interest-bearing obligations outstanding
-$214.35M
$103.03B
Comparable set
Where the pair sits against the wider comparable set.
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