QualityDipStocks / Finance · Property-Casualty Insurers
Palomar Holdings Common stock PLMR
Outside our quality screen, so we don’t track its dips. It’s at its 52-week high.
Outside our quality screen, trading well above our fair value estimate, 9% over its Market Value.
- Fair value est.
- $97.55−33%
- Market Value
- $133.14price +9%
- Off 52-wk high
- at the high
- Risk vs market
- Lowbeta −0.43
5 bullish · 5 bearish See why
Repriced or dip?
Near its high
The price is 0% below its 52-week high (Jul 7), but the business held up: revenue +11.3%, shares outstanding fewer shares, each owns more, earnings per share +7.1%.
Some numbers held up (revenue +11.3%, shares outstanding fewer shares, each owns more, earnings per share +7.1%), others slipped. The price is 0% below its 52-week high.
The price is 0% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 20.2×; 52-wk low: P/E 14.1×; now: P/E 18.8×.
| High | Low | Now | |
|---|---|---|---|
| Price | $145.29Jul 7 | $101.42Jun 3 | $145.02 |
| P/E | 20.2× | 14.1× | 18.8× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Banks, insurers and lenders: cash flow includes deposits and loans, so a cash-flow model doesn't fit; we show P/E at each point instead. P/E = that day's close × diluted shares / 12-month net income, using only the filings that were public on that day.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 19.4% ±2 points. Bear = 10.5% and 17.4%; bull = 8.5% and 21.4%. A model estimate from public filings, not a forecast of where the price will go.
Price is above even the bull case.
What the price implies To be worth today’s price, PLMR would need a return on equity of about 25% a year; our estimate uses 19%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much PLMR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.8× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.43
- Volatility
- 36% vs 13% SPY
- Correlation SPY
- −0.15
- Correlation QQQ
- −0.30
How it ranks
Where PLMR stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 3 measures
- Discount to fair value estimate33% · price above our base caseLowest 25%of 1,314
- Dividends + buybacks yield2.7% · cash paid out or used to retire shares, vs market capLowest 49%of 1,836
- Revenue growth, last 12 months+60% · vs the 12 months beforeTop 5%of 1,814
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $97.55 · MV $133.14
Financials model (residual income): book value $37.85 a share on Jun 30, 2026, plus the earnings above a 9.5% cost of equity. ROE 19.4%, the average of 21.9% for the trailing 12 months to Jun 30, 2026 and 16.9% over fiscal 2021–2025, on average common equity; payout 37% of earnings (dividends 0% + net buybacks 37%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 10-Q filed Aug 5, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthSales grew 60% to $1.1B over the last 12 months vs the 12 months before (SEC filings).
GrowthSales compounded 39% a year from FY2022 to FY2025.
GrowthDiluted EPS grew 60% to $7.17 in FY2025.
ProfitabilityReturn on equity of 22% over the last 12 months, up 4 points in two years.
Cash returnsShare count down 2.1% in a year: $101M of buybacks over 12 months.
Top bearish points 5 of 5
ValuationOur residual-income fair value estimate is $97.55, 33% below the price.
ValuationPrice / book of 3.9×, above the 1.7× median for the 296 Finance companies we cover.
ValuationP/E of 18.8×, above the 13.6× median for the 291 Finance companies we cover.
ProfitabilityNet margin of 19%, below the 22% median for the 281 Finance companies we cover.
ValuationTrades 8.9% above its Market Value of $133.14, the average price paid since the Aug 4 filing.
All fundamentals
P/E 18.8 · ROE 22% · Sales +60%
Valuation
- P/E
- 18.8×Finance median 13.6×
- Price / FCF
- n/acash flow isn't a clean measure for an insurer
- FCF yield
- n/acash flow isn't a clean measure for an insurer
- EV / EBITDA
- n/anot meaningful for an insurer
- Price / sales
- 3.50×
- Price / book
- 3.89×
- Market cap
- $3.8Bprice × diluted shares
- Enterprise value
- $4.0B
Growth
- Revenue, 12 months
- $1.1B
- Sales growth, 12 months
- +60.0%vs the 12 months before
- Sales growth, 3 yrs
- +38.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $7.44
- EPS growth, last FY
- +60.0%
- Net income, 12 months
- $203M
- Net income growth
- +31%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for an insurer
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 18.6%
- FCF margin
- 38.0%
- Return on equity
- 22%
- Return on invested capital
- n/anot meaningful for an insurer
Balance sheet
- Cash & short-term inv.
- $63M
- Total debt
- $296M
- Net cash
- n/anot meaningful for an insurer
- Debt / equity
- n/adeposits/float make debt/equity not comparable for an insurer
- Interest coverage
- n/anot meaningful for an insurer
Cash flow & returns
- Free cash flow, 12 months
- $415M
- FCF growth, 12 months
- +9%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $101M2.7% of market cap
- Share count, 1 year
- −2.1%diluted shares vs a year ago
- Stock-based comp
- $27M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Palomar Holdings Common stock’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.4B · Sales +55%
- Free cash flow, 12 months$0.4B
- Free-cash-flow yield10.8%
- Return on equity22%
- Sales growth (latest quarter vs year-ago quarter)+55%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $145.02
- Fair value est.base case$97.55−32.7%
- 52-wk lowlowest close, 1 year$101.42−30.1%
- Market Valueavg paid since Aug 4$133.14−8.2%
- PriceMon Nov 2 close$145.02you are here
- 52-wk highhighest close, 1 year$145.29+0.2%
Momentum & 52-week range
RSI 64 · 5 days +2.7%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, after the close
- Consensus EPS$2.41
- Year-ago EPS$1.82
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
PLMR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Palomar Holdings Common stock in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Property-Casualty Insurers
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.