NI Holdings, Inc. (NODK) P/E Ratio History
UndervaluedTrading at 21.2x vs 5Y avg 68.4x · 45th percentile · Below historical baseline · Data 2017–2026
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P/E Ratio Analysis
As of November 8, 2026, NI Holdings, Inc. (NODK) trades at a price-to-earnings ratio of 21.2x, with a stock price of $15.33 and trailing twelve-month earnings per share of $0.72.
The current P/E is 69% below its 5-year average of 68.4x. Over the past five years, NODK's P/E has ranged from a low of 7.5x to a high of 442.8x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.1x, NODK trades at a 76% premium to its sector peers. The sector includes 763 companies with P/E ratios ranging from 0.0x to 190.1x.
Relative to the broader market, NODK trades roughly in line with the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NODK DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NODK Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NODK P/E vs Peers
Personal Lines and Insurtech peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $37B | 8.4 | 0.29 | +4% | |
| $4B | 19.4 | 0.20 | +60% | |
| $1B | 4.6Lowest | 0.06Best | +214%Best | |
| $690M | 8.7 | 2.45 | +42% | |
| $13B | 24.8 | 1.82 | -7% | |
| $6B | 11.6 | 0.91 | +132% | |
| $28B | 10.8 | 0.71 | +4% | |
| $1B | 9.1 | - | +87% | |
| $98B | 24.3 | 1.48 | +3% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NODK Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $14.92 | $0.73 | 20.5x | -66% |
| FY2026 Q2 | - | $15.71 | $0.38 | 41.7x | -30% |
| FY2025 Q3 | - | $13.56 | $0.13 | 104.3x | +74% |
| FY2025 Q2 | Jun 30 2025 | $12.74 | $0.08 | 159.3x | +166% |
| FY2025 Q1 | Mar 31 2025 | $14.26 | $0.25 | 57.0x | -5% |
| FY2024 Q4 | - | $15.70 | $0.25 | 62.8x | +5% |
| FY2024 Q3 | Sep 30 2024 | $15.68 | $0.09 | 174.2x | +191% |
| FY2024 Q2 | Jun 30 2024 | $15.30 | $0.23 | 66.3x | +11% |
| FY2024 Q1 | Mar 31 2024 | $15.15 | $0.25 | 60.4x | +1% |
| FY2022 Q1 | - | $16.96 | $0.04 | 442.8x | +641% |
| FY2021 Q4 | Dec 31 2021 | $18.91 | $0.40 | 47.3x | -21% |
| FY2021 Q3 | - | $17.56 | $1.11 | 15.8x | -74% |
| FY2021 Q2 | Jun 30 2021 | $19.01 | $1.50 | 12.7x | -79% |
| FY2021 Q1 | Mar 31 2021 | $18.48 | $2.47 | 7.5x | -87% |
| FY2020 Q4 | - | $16.42 | $1.86 | 8.8x | -85% |
| FY2020 Q3 | Sep 30 2020 | $16.89 | $1.63 | 10.4x | -83% |
| FY2020 Q2 | - | $14.77 | $1.15 | 12.8x | -79% |
| FY2020 Q1 | - | $13.56 | $0.41 | 33.1x | -45% |
| FY2019 Q4 | - | $17.20 | $1.19 | 14.5x | -76% |
| FY2019 Q3 | Sep 30 2019 | $17.14 | $1.09 | 15.7x | -74% |
| FY2019 Q2 | Jun 30 2019 | $17.61 | $1.84 | 9.6x | -84% |
| FY2019 Q1 | Mar 31 2019 | $16.00 | $1.74 | 9.2x | -85% |
| FY2018 Q4 | Dec 31 2018 | $15.73 | $1.39 | 11.3x | -81% |
| FY2018 Q3 | Sep 30 2018 | $16.87 | $1.34 | 12.6x | -79% |
| FY2018 Q2 | Jun 30 2018 | $16.95 | $0.78 | 21.7x | -64% |
| FY2018 Q1 | Mar 31 2018 | $16.70 | $0.78 | 21.4x | -64% |
| FY2017 Q4 | Dec 31 2017 | $16.98 | $0.72 | 23.6x | -61% |
| FY2017 Q3 | Sep 30 2017 | $17.90 | $0.16 | 108.8x | +82% |
| FY2017 Q2 | Jun 30 2017 | $17.88 | $0.23 | 79.2x | +32% |
| FY2017 Q1 | Mar 31 2017 | $14.93 | $0.12 | 128.8x | +115% |
Average P/E for displayed period: 59.8x
NODK Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NODK — Frequently Asked Questions
Quick answers to the most common questions about buying NODK stock.
What is NODK's P/E ratio?
NI Holdings, Inc. (NODK) trailing twelve-month P/E ratio is 21.2x, based on TTM diluted EPS of $0.72. The 5-year average P/E is 68.4x and the historical range spans 7.5x to 442.8x.
Is NODK stock overvalued or undervalued?
NODK trades at 21.2x P/E, below its 5-year average of 68.4x. At the 45th percentile of its historical range (7.5x–442.8x), the stock is priced at a discount to its own history.
Is NODK stock expensive?
No, NODK is not expensive on a historical basis. The current P/E of 21.2x is below the 5-year average of 68.4x and sits at the 45th percentile of its valuation range.
What is NODK's historical P/E range?
Over the past 5 years, NODK's P/E ratio has ranged from 7.5x to 442.8x, with a median of 41.7x and an average of 68.4x. The current P/E of 21.2x places the stock at the 45th percentile of this range. Full historical data spans 2017–2026.
How does NODK's P/E compare to the S&P 500?
NODK trades at 21.2x P/E versus the S&P 500 median of 21.8x. The 3% discount to the market suggests lower growth expectations or perceived higher risk.
How does NODK's valuation compare to Financial Services peers?
NI Holdings, Inc. P/E of 21.2x compares to the Financial Services sector median of 12.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NODK's PEG ratio?
NODK PEG ratio is N/A, based on a P/E of 21.2x and EPS growth of -72.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NODK's earnings yield?
NODK earnings yield is 4.71%, the inverse of its 21.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.