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NODKNI Holdings, Inc.
$14.76$302M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NODK logo

NI Holdings, Inc.

NODK
NASDAQ · Property & Casualty Insurance
$14.76
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$302M
P/E-29.5x
52W High$16.70
Volume36.81K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Underwriting Volatility Strains Capital Base

NI Holdings faces a challenging outlook characterized by a sustained revenue contraction, with top-line growth falling to -16.6% in 2026Q1 as the firm attempts to navigate regional agricultural insurance risks. The company's reliance on asset divestments to of...

GrowthContracting
ProfitabilityStrained
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

NODK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-278% Peers

P/E is 278% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystConfirmed earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NODK+11.23%
S&P 500 (^GSPC)+12.39%
1-Year Return
NODK+7.35%
S&P 500 (^GSPC)+15.77%
3-Year Return
NODK+13.41%
S&P 500 (^GSPC)+72.95%
5-Year Return
NODK-19.78%
S&P 500 (^GSPC)+68.50%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-29.5x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-29.5x
65.4x
0th· Low
EV/EBITDA
N/A
26.0x
N/A
Price/FCF
N/A
11.0x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$285M-12.3% YoY
Net income
-$10M-71.8% YoY
Free cash flow
-$15M-141.3% YoY
Operating margin
-4.3%-7.4 pts YoY
ROIC (TTM)-4.8%
Avg ROIC 5Y-
ROE (TTM)-4.3%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 7, 2026
$0.01
vs —
$70M
vs —
Q2 2026
May 8, 2026
$0.60
vs —
$60M
vs —
Q2 2026
Mar 6, 2026
-$0.15
vs —
$61M
vs —
Q4 2025
Nov 7, 2025
-$0.08
vs —
$77M
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

1 Stories
GlobeNewsWire·Aug 7, 2026
NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2026

FARGO, N.D., Aug. 07, 2026 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2026.

Filtered for NI Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark NODK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for NI Holdings, Inc. (NODK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NODK logoNODKNI Holdings, Inc.Current
$14.76$302.31M-29.52-12.35%-3.65%-4.29%—
ACGL logoACGLArch Capital Group Ltd.
$95.16$33.25B8.1914.27%24.44%19.52%—
PLMR logoPLMRPalomar Holdings, Inc.
$127.21$3.37B17.7458.16%18.61%21.61%—
HRTG logoHRTGHeritage Insurance Holdings, Inc.
$33.07$1B5.233.71%27.54%42.41%—
DGICA logoDGICADonegal Group Inc.
$18.13$668.01M8.32-1.17%7.38%11.01%—
ERIE logoERIEErie Indemnity Company
$225.77$10.43B21.267.17%14%24.52%—

Compare NODK vs Peers

NI Holdings, Inc. (NODK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACGL

Most directly comparable listed peer for NODK.

Scale Benchmark

vs MMC

Larger-name benchmark to compare NODK against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACGL, PLMR, HRTG, DGICA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NODK SEC Filings & Documents

NI Holdings, Inc. (NODK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 7, 2026·SEC

Material company update

May 26, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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NODK Frequently Asked Questions

NI Holdings, Inc. (NODK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is NI Holdings, Inc. growing?

NI Holdings, Inc. (NODK) saw revenue decline by 12.3% over the past year.

Is NODK profitable?

Yes, NI Holdings, Inc. (NODK) is profitable, generating $7.8M in net income for fiscal year 2025 (-3.7% net margin).

Dividend & Returns
What is NODK's return on equity?

NI Holdings, Inc. (NODK) has a return on equity (ROE) of -4.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is NI Holdings, Inc.'s combined ratio?

NI Holdings, Inc. (NODK) has a combined ratio of 104.3%. A ratio above 100% means claims and expenses exceed premiums.

What if you invested $1,000 in NODK back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →