Which has the lower trailing P/E, LWAC or NODK?

LWAC has the lower trailing P/E: LWAC trades at 26.26 and NODK at 39.18. P/E is one valuation measure and does not by itself establish which business is cheaper.

Is LWAC or NODK more profitable?

NODK runs the higher net margin — LWAC at 0.00% versus NODK at 2.93%.

LightWave Acquisition Corp. (LWAC) vs NI Holdings, Inc. (NODK)

A side-by-side comparison of LightWave Acquisition Corp. and NI Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

LWAC

LightWave Acquisition Corp.

$311M

$10.35Financial ServicesDelayed quote: Oct 6, 2026, 10:41 AM EDT

NODK

NI Holdings, Inc.

$303M

$14.77Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — LWAC vs NODK

growth of $100 · dividends reinvested · last 1y

LWAC +3.6% (+3.6%/yr)NODK +19.2% (+19.2%/yr)NODK compounded faster over this window

LWAC NODK

LWAC vs NODK: by the numbers

•LWAC is the larger company ($311M vs $303M market cap).
•LWAC trades at the lower trailing earnings multiple (26.26 vs 39.18 P/E), one valuation lens rather than an overall verdict.
•NODK is profitable (2.93% net margin) while LWAC runs a net loss (0.00%).

Metrics side by side

Valuation

Metric	LWAC	NODK
P/E ratio	26.26	39.18
P/S ratio	N/A	1.13
P/B ratio	1.44	1.21

Profitability

Metric	LWAC	NODK
Gross margin	0.00%	N/A
Operating margin	0.00%	-4.33%
Net margin	0.00%	2.93%
ROE	2.76%	3.14%
ROIC	-0.17%	N/A

NI Holdings, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Growth (annualized)

Metric	LWAC	NODK
Revenue CAGR (5Y)	N/A	-3.44%
Total return CAGR (5Y)	N/A	-4.20%

Frequently asked

Which has the lower trailing P/E, LWAC or NODK?: LWAC has the lower trailing P/E: LWAC trades at 26.26 and NODK at 39.18. P/E is one valuation measure and does not by itself establish which business is cheaper.
Is LWAC or NODK more profitable?: NODK runs the higher net margin — LWAC at 0.00% versus NODK at 2.93%.

Go deeper

Full LWAC analysis Full NODK analysis Interactive comparison tool

Dig into the metrics

LightWave Acquisition P/E ratio NI P/E ratio LightWave Acquisition ROE NI ROE LightWave Acquisition operating margin NI operating margin LightWave Acquisition revenue growth NI revenue growth LightWave Acquisition free cash flow

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.