Palomar Holdings (PLMR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Palomar Holdings

NasdaqGS•Financial Services•Insurance - Property & Casualty

$136.00-1.36(-0.01%)Market closed

Market Cap

$3.58B

P/E

17.6x

P/S

3.3x

P/B

3.7x

Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as inland marine, Hawaii hurricane, excess national property, residential flood, and other property products, as well as assumed reinsurance and crop insurance products. It markets and distributes its products through retail agents, program administrators, wholesale brokers, and strategic partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

How this company scores

ExcellentMetricSide Score: 90/100

Strongest: Profitability (24/25); weakest: Balance Sheet & Red Flags (20/25).

Profitability24/25

Growth23/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality23/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.6x5y range 16.1x – 74.3x

Currently near its 20-quarter median.

P/S · 3.3x5y range 3.2x – 9.4x

Currently below its 20-quarter median.

P/B · 3.7x5y range 2.9x – 5.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 15.2% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Watch

Shares outstanding rose 2.3% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $3.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.09B
Q. Revenue: $314.42M
TTM EBITDA: $271.99M
TTM Op. Income: $263.06M
Q. Op. Income: $69.80M
TTM Net Income: $203.16M
Q. Net Income: $52.59M
EPS: $2
Shares Out.: $26.35M

$1.09B in TTM revenue grew 60.0% YoY, reaching $314.42M last quarter. TTM EBITDA of $271.99M and TTM operating income of $263.06M show growth is flowing through to the bottom line. TTM net income of $203.16M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 22.2%
Op. Margin: 22.2%
Net Margin: 16.7%

Op. margin of 22.2% is down 7.3% YoY — costs are rising relative to revenue. Net margin at 16.7% Over the past year, operating margin is down 25% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.6x
P/S Ratio: 3.3x
P/B Ratio: 3.7x

At 17.6x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 3.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 34% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.96B
Cash: $62.69M
Long-Term Debt: $295.77M
Book Value: $980.94M
D/E Ratio: 0.3
Debt/EBITDA: 4.2

With $3.96B in assets and $295.77M in long-term debt, D/E is 0.3and book value is $980.94M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $167.17M
TTM Free Cash Flow: $414.77M
FCF Margin: 38.0%
FCF / Net Income: 2.0

TTM FCF of $414.77M on $167.17M in operating cash flow. The FCF / Net Income ratio of 2.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 9% — an improving trend.