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NI Holdings, Inc. NODK

Nasdaq · stock · Fire, Marine & Casualty Insurance · website · IPO 2017-03-16 · LEI

NI Holdings, Inc. statistics & valuation

Market cap$334.5M
P / S1.2×
P / B1.4×
Dividend yield2.01%
Net margin-3.7%
Return on equity-4.3%
FCF margin-5.4%
Net cash$49.3M
Enterprise value USD$285.1M

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
2.80% 8.50% 14.60% 9.80% 13.20% 2.60% -19.80% -1.80% -1.90% -3.70% 2016201720182019202020212022202320242025
Gross margin (%)
20.90% 30.00% 36.10% 28.30% 37.60% 25.70% 11.20% 34.70% 31.60% 24.50% 2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
3.00% 6.30% 11.30% 8.50% 11.60% 2.40% -21.00% -2.20% -2.50% -4.30% 2016201720182019202020212022202320242025
Shares outstanding
0 22.5M 22.4M 22.3M 21.9M 21.7M 21.3M 21.2M 21.1M 21.0M 2016201720182019202020212022202320242025
Net debt ($)
-$38.6M -$48.5M -$49.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.60% 4.20% 6.80% 5.20% 6.50% 1.30% -8.60% -0.80% -1.20% -2.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.10% 9.00% 9.10% 9.00% 16.40% 8.80% -6.00% 16.60% 11.50% -5.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.01× 0.01× 0.01× 2016201720182019202020212022202320242025
EPS ($)
$0.71 $1.39 $1.19 $1.84 $0.39 -$2.49 -$0.26 -$0.29 -$0.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NI Holdings, Inc. trades at about 39.4× earnings — above its 10-year norm (10-year range 9.2×–49.5×, median 12.9×).

9.2× 49.5×

Shaded band = 10-year range (9.2×–49.5×); dot = today's 39.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin24.5%31.6%34.7%11.2%25.7%37.6%28.3%36.1%30.0%20.9%
Net margin-3.7%-1.9%-1.8%-19.8%2.6%13.2%9.8%14.6%8.5%2.8%
FCF margin-5.4%11.5%16.6%-6.0%8.8%16.4%9.0%9.1%9.0%4.1%
Return on assets-2.1%-1.2%-0.8%-8.6%1.3%6.5%5.2%6.8%4.2%1.6%
Return on equity-4.3%-2.5%-2.2%-21.0%2.4%11.6%8.5%11.3%6.3%3.0%
Debt / equity0.01×0.01×0.01×———————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.