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.
Decision snapshot: NMIH stock price at discount vs AWI $44.85 current versus $120.47 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 AWI'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 lag
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) · AWI FY 2025 (ended Dec 31, 2025).
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 95% equity / 5% debt · EV / Revenue 4.70x · EV / EBITDA 15.60x
AWI carries the larger enterprise value at $7.62B against $3.16B; NMIH trades on the lower EV / Revenue multiple (4.47x vs 4.70x); NMIH on the lower EV / EBITDA (5.95x vs 15.60x).
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.
ARMSTRONG WORLD INDUSTRIES, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
-0.08x
0.45x
Net debt / EBITDA
Leverage against operating earnings
—
0.60x
Cash and equivalents
Liquid reserves on the balance sheet
—
$112.70M
Total debt
Interest-bearing obligations outstanding
-$214.35M
$406.70M
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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