PLGO
Pelagos Insurance Capital Limit
PLGO's fundamentals are strong: its operating margin went from −0.3% to 14% and it returned to profit. At 8.3x earnings, it's trading above its usual 6.8x. Analysts expect earnings growth.
PLGO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
PLGO's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PLGO.
PLGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $20.62 | -28% |
| Fair | 6.8x | $23.72 | -18% |
| Forward | 7.7x | $28.83 | — |
| Current | 8.3x | $28.83 | — |
| Expensive | 10x | $34.97 | +21% |
Historical ranges are pointers, not guarantees.
PLGO's PE is in its fair range at 8.3x. If earnings grow as analysts expect, today's price would be 7.7x next year's earnings.
PLGO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for PLGO, but weaker profitability.
PLGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.76 | +8.2% |
| Q3 2026 | $3.48 | +$3.49 |
| Q2 2026 | $3.98 | +$4.35 |
| Q1 2026 | $3.64 | +$3.73 |
| Q4 2025 | $2.11 | +115% |
| Q4 2024 | $0.98 | -95% |
PLGO has returned to profit: it earned $3.48 per share over the past year, after losing money the year before.
PLGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $800.9M | +23% |
| Q2 2026 | $650M | +10% |
| Q1 2026 | $610.6M | -7.3% |
| Q4 2025 | $600.9M | -11% |
| Q3 2025 | $651.9M | -5% |
| Q2 2025 | $589.3M | +9.1% |
| Q1 2025 | $658.4M | +27% |
| Q4 2024 | $673.8M | -81% |
PLGO's revenue is recovering but still below its 2023 peak: $801M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -16 points |
| Q2 2026 | 8.1% | +4.4 points |
| Q1 2026 | 17% | +25 points |
| Q4 2025 | 24% | +45 points |
| Q3 2025 | 25% | +7.5 points |
| Q2 2025 | 3.8% | -7.9 points |
| Q1 2025 | -7.6% | -26 points |
| Q4 2024 | -21% | -78 points |
PLGO's operating margin was 9.2% last quarter, down 16 points from the same quarter a year ago.
PLGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $133.7M | -14% |
| Q2 2026 | -$26.7M | +$332.6M |
| Q1 2026 | $273.6M | +$707M |
| Q4 2025 | $228.6M | +82% |
| Q3 2025 | $154.6M | -51% |
| Q2 2025 | -$359.3M | -274% |
| Q1 2025 | -$433.4M | -$397.8M |
| Q4 2024 | $125.4M | -74% |
PLGO's free cash flow was $609M over the past year, against −$513M the year before. Free cash flow isn't a meaningful measure for financial services companies like PLGO.
PLGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -2.1M shares |
| 1 year | -21% | -22M shares |
| 3 years | -29% | -33.5M shares |
PLGO has 83M diluted shares, down 21% from a year ago, with $481M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $83M |
| Q2 2026 | $60.1M |
| Q1 2026 | $219.4M |
| Q4 2025 | $118.7M |
| Q3 2025 | $31.9M |
| Q2 2025 | $88.7M |
| Q1 2025 | $22.1M |
| Q4 2024 | — |
PLGO spent $481M buying back its own shares over the past year, about three times what it spent the year before.
PLGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -3.7x | Net Cash |
| Q1 2025 | -30.9x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
| Q4 2023 | -0.1x | Net Cash |
PLGO's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like PLGO.
PLGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 74.5 | Overbought |
| Stochastic | 91.0 | Overbought |
PLGO's weekly RSI is 75 (overbought) and its Stochastic is 91 (overbought).
PLGO PE vs Financial Services Sector
| Metric | PLGO | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 64 | 46 | 18 pts above |
PLGO is trading at 8.3x earnings, a 36% discount to the Financial Services sector's median of 13x.
PLGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.8 | 12% above |
| 20 week MA | $25.3 | 14% above |
| 50 week MA | $22.2 | 30% above |
| 100 week MA | $19.5 | 48% above |
PLGO is in an uptrend: it's above all four of its weekly moving averages, and 48% above its 100-week average.
PLGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $13.7 | $12.7 | -7.3% |
| 2024 | $12.7 | $17.6 | +39% |
| 2025 | $17.6 | $19.5 | +11% |
| 2026 YTD | $19.5 | $28.8 | +48% |
PLGO has finished higher in two of the last three years. It's up 48% so far in 2026.