# NI Holdings Inc. (NODK) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Insurance. Price $15.26, market value $311 million.

## Valuation
- **P/E (trailing): 40.2×** (5-yr avg 48.5×). NI Holdings Inc. trades at 40.2× trailing earnings, close to its own five-year average of 48.5×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -10.5%** (5-yr avg 5.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.5%**. The inverse of the P/E: 2.5% of the price is earned each year.

## Profitability
- **Gross margin: 31.0%**. NI Holdings Inc. keeps 31.0% of revenue after the direct cost of what it sells.
- **Net margin: -3.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -4.3%**. Return on equity is negative because earnings are negative.
- **Return on assets: 1.5%**. Each dollar of assets produces 1.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -12.3%** (3-yr 2.1%/yr, 5-yr -1.4%/yr). Revenue fell 12.3% over the last year, against -1.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -72.4%**. Earnings per share fell 72.4%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $52 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. NI Holdings Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 14.0%** (YTD 14.7%, 3-mo 2.6%). The shares are up 14.0% over twelve months including dividends.
- **From 52-week high: -8.6%** (23.4% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.19** (volatility 22%). Beta of 0.19 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NODK · Page: https://foliofundamentals.com/stocks/nodk

Not investment advice.