PLMR

Palomar Holdings, Inc.

Fundamental data last updated:October 17, 2026

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company profile

SECTOR

Financial Services

industry

Insurance - Property & Casualty

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.

 


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VALUATION

P/E

14.78

Market Cap ($M USD)

$2.91B

Forward P/E

9.07

PEG

0.14

PRICE TO SALES

2.97

PRICE TO BOOK

3.04

EV / EBITDA

11.79

5-Year Average P/E

Free Cash Flow Yield

12.57%

DCF Value

$226.32

Graham Number

$77.61

Price to FCF

7.95

EV to FCF

8.61

Earnings Yield

6.77%

FCF Yield

12.57%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$7.42

Next Year EPS Growth Estimate

$12.09

Next Year Revenue Growth Estimate

$1.45B

Return on Equity (ROE)

21.74%

FREE CASH FLOW

Operating Margin

25.88%

Debt-to-Equity

0.01

Piotroski F-Score

8

Altman Z-Score

1.85

Return on Invested Capital (ROIC)

7.02%

Current Ratio

250.56

Quick Ratio

250.56

Net Debt to EBITDA

0.90

Interest Coverage

73.08

Gross Profit margin

60.65%

FCF PER SHARE

$13.75

REVENUE PER SHARE

$36.80

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Gainseekers Quantitative Analysis

Summary

Palomar Holdings, Inc. appears to be significantly undervalued when juxtaposed with its DCF Value of $233.89 and Graham Number of $77.61. The stock’s Forward P/E of 9.50 suggests a market expectation of robust earnings growth, while the Earnings Yield of 6.54% indicates a potentially attractive return for investors. However, the Altman Z-score of 1.84 raises concerns about financial distress, suggesting a need for caution. Despite these risks, the market may be overlooking the company’s intrinsic value, presenting a compelling opportunity for value investors.

AI Exposure / Tech Reliance

Operating within the insurance sector, Palomar Holdings is well-positioned to leverage AI and modern technology to enhance risk assessment and underwriting processes. The industry's shift towards data-driven decision-making aligns with Palomar's potential to integrate advanced analytics, improving efficiency and customer service. This adaptability could provide a competitive edge in a rapidly evolving market landscape.

The Bull Case

For the discerning GARP investor, Palomar Holdings offers a tantalizing proposition. With a robust ROIC of 7.02% and a Piotroski F-Score of 8, the company demonstrates strong operational efficiency and financial health. Its impressive Free Cash Flow Yield of 12.16% and Operating Margin of 25.88% highlight its ability to generate substantial cash and maintain pricing power. These metrics suggest a well-managed company capable of delivering consistent returns, making it an attractive buy for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, Palomar Holdings is not without flaws. The Price/Book ratio of 3.14 and Price/Sales ratio of 3.07 suggest the stock may be overvalued relative to its book and sales values. Additionally, the stock's proximity to its 52-week high, with only a 4.95% distance from its low, indicates potential technical overextension. Investors should be wary of these valuation concerns, which could limit upside potential if market sentiment shifts.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$110.25

Institutional Ownership %

1-Year Beta

0.49

Insider Buying % (6 Mo)

Distance to 52-Week High

60.40%

Distance to 52-Week Low

1.93%

EARNINGS SURPRISE %

6.45%

50-DAY SMA

$120.07

200-DAY SMA

$122.21

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.