Is JRVR or NMIH more undervalued in 2026?

CirclFi compares James River Group Holdings, Inc (JRVR) and NMI Holdings Inc (NMIH) using 13 institutional-grade valuation models. JRVR has a Quality of Company score of 5.8/10 while NMIH scores 8.0/10.

Which is a better buy — JRVR 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 JRVR and NMIH valuations compare?

JRVR at $3.94 and NMIH at $36.28 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

JRVR vs NMIH Valuation Comparison 2026 — Intrinsic Value Analysis

JRVR

Insurance - Specialty

James River Group Holdings, Inc

Quality

5.8

out of 10

Value Trap

LOW

Price

$3.94

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	JRVR Fair Value	JRVR Upside	NMIH Fair Value	NMIH Upside
Bayesian DCF	Intrinsic	$1.39	-64.8%	$82.34	+127.0%
Earnings Power Value	Intrinsic	$3.36	-14.8%	$40.51	+11.6%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
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 JRVR vs NMIH — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

JRVR vs NMIH — Which Stock Is More Undervalued?

NMIH scores higher with a 8.0/10 quality rating vs JRVR's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing James River Group Holdings, Inc (JRVR) 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.

JRVR currently trades at $3.94 with a QOC of 5.8/10, 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).