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Sirius Investors

Market Capitalization & Enterprise Value

Research-grade valuation history for NMAI. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.

Market Cap & Enterprise Value

Comparison of market capitalization and enterprise value over time

Market Cap

Market Capitalization = Stock Price × Number of Shares Outstanding. Represents the total value of a company's equity.
435.87M
-30.08% over period
CAGR: -8.55%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.

Enterprise Value

Enterprise Value = Market Cap + Total Debt - Cash and Cash Equivalents. Represents the total value of a company including its debt.
648.94M
-18.86% over period
CAGR: -5.09%
Compound Annual Growth Rate - The mean annual growth rate over time, accounting for compounding effects.

Market Cap History

Investor Valuation Insights

As of Dec 31, 2025

EV/EBITDA

Potentially Rich

14.01x

Higher EV/EBITDA may imply premium pricing; growth durability should justify the multiple.

EV vs Market Cap Spread

213.07M

EV is +48.9% vs equity value

Capital Structure Signal

Net Debt Profile

EV premium trend: +20.6 pp vs earliest data

Additional Multiples

EV/Sales: 18.74x

Net Debt/EBITDA: 4.60x

Share count change in dataset: +0.00%

Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.

Market Cap & Enterprise Value Data

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DateMarket CapEnterprise ValueStock PriceShares
Dec 31, 2025435.87M648.94M$13.0433.43M
Dec 31, 2024402.44M605.67M$12.0433.43M
Dec 31, 2023407.12M583.96M$12.1833.43M
Dec 31, 2022
Dec 31, 2021

Enterprise Value Analysis

Price Change (Dec 2024 to Dec 2025)

The stock price has increased from Dec 2024 to Dec 2025.
+8.31%

Recent Volatility

The stock price has been relatively volatile over the last 5 periods, indicating a higher risk profile.
0.19

Risk-Adjusted Return

The stock's returns do not compensate for its risk level, suggesting a poor risk-reward profile.
-0.33

Market Cap Change (Dec 2024 to Dec 2025)

The company's market capitalization has increased from Dec 2024 to Dec 2025.
+8.31%

Enterprise Value Change (Dec 2024 to Dec 2025)

The company's enterprise value has increased from Dec 2024 to Dec 2025, suggesting growth in the company's total economic value.
+7.14%

Market Cap vs. Enterprise Value

A lower enterprise value growth rate compared to market cap growth could suggest that the company is reducing debt or increasing cash reserves.
Market Cap Growth > EV Growth

Market Cap CAGR

The Compound Annual Growth Rate (CAGR) of market capitalization represents the mean annual growth rate over the entire available history (5 periods), accounting for compounding effects.
-8.55%

Enterprise Value CAGR

The Compound Annual Growth Rate (CAGR) of enterprise value represents the mean annual growth rate over the entire available history (5 periods), accounting for compounding effects.
-5.09%