PLMR
Palomar Holdings, Inc.
PLMR's fundamentals are mixed, but it looks cheap: trading at 20x earnings, below its usual 27x. Analysts expect strong earnings growth.
PLMR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
PLMR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PLMR.
PLMR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $158 | — |
| Cheap | 20x | $163 | +2.7% |
| Current | 20x | $158 | — |
| Fair | 27x | $217 | +37% |
| Expensive | 89x | $710 | +349% |
Historical ranges are pointers, not guarantees.
PLMR's PE is in its cheap range at 20x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
PLMR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for PLMR, with profitability holding steady.
PLMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.23 | +41% |
| Q3 2026 | $7.98 | +24% |
| Q2 2026 | $7.43 | +31% |
| Q1 2026 | $7.17 | +43% |
| Q4 2025 | $7.17 | +60% |
| Q3 2025 | $6.41 | +52% |
| Q2 2025 | $5.69 | +50% |
| Q1 2025 | $5.01 | +44% |
| Q4 2024 | $4.48 | +43% |
PLMR's earnings per share have climbed steadily: $7.98 over the past year, up 24% from the year before, and higher year over year for 21 quarters in a row.
PLMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $386.6M | +58% |
| Q2 2026 | $314.4M | +55% |
| Q1 2026 | $278.9M | +60% |
| Q4 2025 | $253.4M | +63% |
| Q3 2025 | $244.7M | +65% |
| Q2 2025 | $203.3M | +55% |
| Q1 2025 | $174.6M | +47% |
| Q4 2024 | $155.8M | +48% |
PLMR's revenue has grown year over year every quarter since late 2020: $387M last quarter, up 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -5.5 points |
| Q2 2026 | 22% | -7.3 points |
| Q1 2026 | 19% | -12 points |
| Q4 2025 | 29% | -0.2 points |
| Q3 2025 | 27% | +1.5 points |
| Q2 2025 | 29% | +4 points |
| Q1 2025 | 31% | +1.8 points |
| Q4 2024 | 29% | -2.9 points |
PLMR's operating margin was 22% last quarter, down 5.5 points from the same quarter a year ago.
PLMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $120.5M | +44% |
| Q2 2026 | $166.8M | +38% |
| Q1 2026 | $47M | -46% |
| Q4 2025 | $117.4M | +62% |
| Q3 2025 | $83.6M | -16% |
| Q1 2025 | $87.1M | +163% |
| Q4 2024 | $72.6M | +226% |
| Q3 2024 | $100.1M | +42% |
PLMR's free cash flow was $452M over the past year, up 24% from the year before. Free cash flow isn't a meaningful measure for financial services companies like PLMR.
PLMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -61K shares |
| 1 year | -1.6% | -451K shares |
| 3 years | +6.9% | +1.8M shares |
| 5 years | +3.7% | +952K shares |
| Available history | +24% | +5.2M shares |
PLMR has 27M diluted shares, down 1.6% from a year ago, with $73M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.9M |
| Q2 2026 | $41M |
| Q1 2026 | $23.1M |
| Q4 2025 | $7,000 |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
PLMR spent $73M buying back its own shares over the past year.
PLMR Net Leverage
PLMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.6 | Neutral |
| Stochastic | 84.4 | Overbought |
PLMR's weekly RSI is 69 (neutral) and its Stochastic is 84 (overbought).
PLMR PE vs Financial Services Sector
| Metric | PLMR | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 13x | 52% above |
| PE % | 13 | 63 | 50 pts below |
PLMR is trading at 20x earnings, a 52% premium to the Financial Services sector's median of 13x.
PLMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $139.6 | 13% above |
| 20 week MA | $136.4 | 16% above |
| 50 week MA | $127.9 | 24% above |
| 100 week MA | $128.9 | 23% above |
| 200 week MA | $99.5 | 59% above |
PLMR is in an uptrend: it's above all five of its weekly moving averages, and 59% above its 200-week average.
PLMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.6 | $91.2 | +80% |
| 2021 | $91.2 | $64.7 | -29% |
| 2022 | $64.7 | $46.2 | -29% |
| 2023 | $46.2 | $55.5 | +20% |
| 2024 | $55.5 | $104.4 | +88% |
| 2025 | $104.4 | $134.8 | +29% |
| 2026 YTD | $134.8 | $158.3 | +17% |
PLMR has finished higher in four of the last six years, two of them by more than 50%. It's up 17% so far in 2026.