Is NODK or PRA more undervalued in 2026?

CirclFi compares NI Holdings, Inc. (NODK) and ProAssurance Corporation (PRA) using 13 institutional-grade valuation models. NODK has a Quality of Company score of 7.0/10 while PRA scores 7.4/10.

Which is a better buy — NODK or PRA?

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 NODK and PRA valuations compare?

NODK at $14.06 and PRA at $23.90 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NODK vs PRA Valuation Comparison 2026 — Intrinsic Value Analysis

NODK

Insurance - Property & Casualty

NI Holdings, Inc.

Quality

7.0

out of 10

Value Trap

—

Price

$14.06

Last close

Models

13/13

Active

PRA

Insurance - Property & Casualty

ProAssurance Corporation

Quality

7.4

out of 10

Value Trap

SAFE

Price

$23.90

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	NODK Fair Value	NODK Upside	PRA Fair Value	PRA Upside
Bayesian DCF	Intrinsic	$1.87	-86.7%	$1.75	-92.9%
Earnings Power Value	Intrinsic	$4.37	-68.9%	$0.98	-95.9%
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	$•••.••	••.•%	$•••.••	••.•%

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NODK vs PRA — Which Stock Is More Undervalued?

PRA scores higher with a 7.4/10 quality rating vs NODK's 7.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing NI Holdings, Inc. (NODK) and ProAssurance Corporation (PRA) 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.

NODK currently trades at $14.06 with a QOC of 7.0/10, while PRA trades at $23.90 with a QOC of 7.4/10.

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).