Palomar Holdings, Inc. (PLMR) Financial Ratios
10 years of historical data (2016–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
10.91
↓-37% vs avg
5yr avg: 17.37
30Y Low13.0·High58.5
P/FCF
↓
7.37
↓-39% vs avg
5yr avg: 12.04
30Y Low7.1·High46.0
P/B Ratio
↓
3.26
-10% vs avg
5yr avg: 3.61
30Y Low3.0·High6.3
ROE
↑
23.6%
↓+35% vs avg
5yr avg: 17.4%
30Y Low2%·High24%
Debt/EBITDA
↓
0.03
↓-90% vs avg
5yr avg: 0.27
30Y Low0.0·High3.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLMR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Palomar Holdings, Inc. trades at 15.6x earnings, 35% below its 5-year average of 23.9x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 15%. On a free-cash-flow basis, the stock trades at 7.4x P/FCF, 39% below the 5-year average of 12.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $3.7B | $2.8B | $1.4B | $1.2B | $1.7B | $2.3B | $1.1B | — | — | — |
| Enterprise Value | $2.9B | $3.6B | $2.7B | $1.4B | $1.1B | $1.6B | $2.2B | $1.1B | — | — | — |
| P/E Ratio → | 15.58 | 18.79 | 23.57 | 17.73 | 22.36 | 36.80 | 370.17 | 103.04 | — | — | — |
| P/S Ratio | 3.38 | 4.23 | 5.00 | 3.74 | 3.56 | 6.83 | 13.50 | 9.73 | — | — | — |
| P/B Ratio | 3.26 | 3.93 | 3.80 | 2.98 | 3.03 | 4.29 | 6.25 | 5.04 | — | — | — |
| P/FCF | 7.37 | 9.21 | 10.61 | 12.85 | 7.12 | 20.39 | 45.96 | 28.43 | — | — | — |
| P/OCF | 7.24 | 9.05 | 10.60 | 12.11 | 6.87 | 19.26 | 42.47 | 26.44 | — | — | — |
P/E links to full P/E history page with 30-year chart
PLMR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Palomar Holdings, Inc.'s enterprise value stands at 10.9x EBITDA, 37% below its 5-year average of 17.4x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.11 | 4.85 | 3.74 | 3.46 | 6.64 | 13.30 | 9.44 | — | — | — |
| EV / EBITDA | 10.91 | 13.74 | 17.20 | 13.01 | 15.81 | 27.10 | 296.42 | 58.46 | — | — | — |
| EV / EBIT | 11.29 | 14.20 | 17.65 | 13.10 | 16.56 | 28.76 | 360.06 | 55.85 | — | — | — |
| EV / FCF | — | 8.97 | 10.30 | 12.86 | 6.92 | 19.82 | 45.29 | 27.58 | — | — | — |
PLMR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Palomar Holdings, Inc. earns an operating margin of 28.9%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 27.6% to 28.9% over the past 3 years, signaling improving operational efficiency. ROE of 23.6% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 25.5% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.9% | 73.9% | 48.6% | 52.0% | 42.1% | 44.8% | 23.9% | 62.2% | 52.7% | 36.7% | 42.3% |
| Operating Margin | 28.9% | 28.9% | 27.3% | 27.6% | 20.7% | 23.1% | 3.7% | 16.0% | 25.0% | 8.3% | 14.7% |
| Net Profit Margin | 22.5% | 22.5% | 21.2% | 21.1% | 15.9% | 18.5% | 3.7% | 9.4% | 25.0% | 6.4% | 15.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.6% | 23.6% | 19.6% | 18.5% | 13.4% | 12.1% | 2.1% | 6.9% | 21.5% | 5.0% | 9.0% |
| ROA | 8.8% | 8.8% | 5.9% | 5.3% | 4.7% | 5.5% | 1.1% | 3.4% | 8.7% | 2.3% | 4.6% |
| ROIC | 25.5% | 25.5% | 20.2% | 18.8% | 14.5% | 12.6% | 1.8% | 9.5% | 14.7% | 4.5% | 5.9% |
| ROCE | 11.3% | 11.3% | 7.6% | 6.9% | 17.3% | 10.6% | 1.2% | 6.0% | 9.5% | 3.2% | — |
PLMR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Palomar Holdings, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 4.3x). The company holds a net cash position — cash of $107M exceeds total debt of $7M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 647.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | — | 0.11 | 0.09 | 0.01 | — | — | 0.21 | 0.22 | 0.23 |
| Debt / EBITDA | 0.03 | 0.03 | — | 0.49 | 0.51 | 0.06 | — | — | 1.04 | 3.36 | 2.67 |
| Net Debt / Equity | — | -0.11 | -0.11 | 0.00 | -0.08 | -0.12 | -0.09 | -0.15 | 0.10 | 0.08 | 0.10 |
| Net Debt / EBITDA | -0.38 | -0.38 | -0.51 | 0.01 | -0.44 | -0.77 | -4.44 | -1.81 | 0.52 | 1.24 | 1.13 |
| Debt / FCF | — | -0.25 | -0.31 | 0.01 | -0.19 | -0.56 | -0.68 | -0.85 | 0.43 | 0.31 | 0.48 |
| Interest Coverage | 647.40 | 647.40 | 133.86 | 28.45 | 78.38 | 1429.45 | — | 17.93 | 8.91 | 3.82 | 4.84 |
Net cash position: cash ($107M) exceeds total debt ($7M)
PLMR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 1.25 | 1.49 | 13.62 | 270.73 | 6.61 | 12.33 | — |
| Quick Ratio | — | — | — | — | 1.25 | 1.49 | 13.62 | 342.28 | 7.88 | 15.65 | — |
| Cash Ratio | — | — | — | — | 0.63 | 0.91 | 10.04 | 223.06 | 5.28 | 9.74 | — |
| Asset Turnover | — | 0.39 | 0.24 | 0.22 | 0.25 | 0.27 | 0.23 | 0.29 | 0.32 | 0.32 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PLMR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Palomar Holdings, Inc. returns 1.3% to shareholders annually primarily through share buybacks. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.5% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 48.2% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 5.3% | 4.2% | 5.6% | 4.5% | 2.7% | 0.3% | 1.0% | — | — | — |
| FCF Yield | 13.6% | 10.9% | 9.4% | 7.8% | 14.0% | 4.9% | 2.2% | 3.5% | — | — | — |
| Buyback Yield | 1.3% | 1.0% | 0.0% | 1.6% | 3.0% | 0.9% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 1.3% | 1.0% | 0.0% | 1.6% | 3.0% | 0.9% | 0.0% | 0.5% | — | — | — |
| Shares Outstanding | — | $27M | $26M | $25M | $26M | $26M | $26M | $22M | $23M | $23M | $23M |
Peer Comparison
Compare PLMR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PLMRYou | $3B | 15.6 | 10.9 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 SKWD | $2B | 12.4 | 10.0 | 5.6 | 44.0% | 15.3% | 18.9% | 18.5% | 0.5 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 RLI | $5B | 12.2 | 9.4 | 8.0 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 HCI | $2B | 6.6 | 2.2 | 4.8 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 UPC | $2M | -0.0 | — | — | 35.3% | -16.3% | -7.2% | -7.8% | — |
 HRTG | $706M | 3.7 | 0.9 | 4.1 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 NODK | $326M | -31.8 | — | 182.4 | 29.6% | -4.3% | -4.3% | -4.8% | — |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 EG | $14B | 8.9 | 7.6 | 4.0 | 20.5% | 11.3% | 10.8% | 8.1% | 1.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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PLMR — Frequently Asked Questions
Quick answers to the most common questions about buying PLMR stock.
What is Palomar Holdings, Inc.'s P/E ratio?
Palomar Holdings, Inc.'s current P/E ratio is 15.6x. The historical average is 37.0x.
What is Palomar Holdings, Inc.'s EV/EBITDA?
Palomar Holdings, Inc.'s current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.2x.
What is Palomar Holdings, Inc.'s ROE?
Palomar Holdings, Inc.'s return on equity (ROE) is 23.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 13.2%.
Is PLMR stock overvalued?
Based on historical data, Palomar Holdings, Inc. is trading at a P/E of 15.6x. Compare with industry peers and growth rates for a complete picture.
What are Palomar Holdings, Inc.'s profit margins?
Palomar Holdings, Inc. has 73.9% gross margin and 28.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Palomar Holdings, Inc. have?
Palomar Holdings, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.