Is FNF or NMIH more undervalued in 2026?

CirclFi compares Fidelity National Financial, In (FNF) and NMI Holdings Inc (NMIH) using 13 institutional-grade valuation models. FNF has a Quality of Company score of 8.6/10 while NMIH scores 8.0/10.

Which is a better buy — FNF or NMIH?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do FNF and NMIH valuations compare?

FNF at $47.56 and NMIH at $36.28 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

FNF vs NMIH Valuation Comparison 2026 — Intrinsic Value Analysis

FNF

Insurance - Specialty

Fidelity National Financial, In

Quality

8.6

out of 10

Value Trap

LOW

Price

$47.56

Last close

Models

9/13

Active

NMIH

Insurance - Specialty

NMI Holdings Inc

Quality

8.0

out of 10

Value Trap

SAFE

Price

$36.28

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	FNF Fair Value	FNF Upside	NMIH Fair Value	NMIH Upside
Bayesian DCF	Intrinsic	—	—	$82.34	+127.0%
Earnings Power Value	Intrinsic	$53.40	+12.3%	$40.51	+11.6%
EROIC Spread	Intrinsic	$36.16	-24.0%	$35.93	-1.0%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for FNF vs NMIH — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

FNF vs NMIH — Which Stock Is More Undervalued?

FNF scores higher with a 8.6/10 quality rating vs NMIH's 8.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Fidelity National Financial, In (FNF) and NMI Holdings Inc (NMIH) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

FNF currently trades at $47.56 with a QOC of 8.6/10, while NMIH trades at $36.28 with a QOC of 8.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).