Palomar Holdings, Inc. (PLMR) Key Metrics
PLMR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.70B
- Enterprise value
- $3.58B
- P/E (TTM)
- 18.8 10-yr median 23.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.4 10-yr median 5.0
- Price / book
- 3.4 10-yr median 3.9
- EV / EBITDA
- — 10-yr median 14.1
- Dividend yield
- 1.29% $1.80 a year
- Beta
- 0.35
PLMR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPLMR valuation Price multiples at each fiscal year-end price.
PLMR returns How much profit the business earns on the capital it uses.
PLMR per-share figures Results divided by the shares outstanding at year-end.
PLMR financial health Debt, liquidity and how easily interest is covered.
PLMR efficiency & capital use Working capital cycle and where the cash goes.
PLMR valuation history
PLMR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PLMR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PLMR cash returned to shareholders
PLMR price vs earnings per share
PLMR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.70B | $2.77B | $1.41B | $1.16B | $1.69B | $2.27B | $1.10B | — | — | — |
| Enterprise value | $2.99B | $2.22B | $762.9M | $665.3M | $1.22B | $1.85B | $852.2M | — | — | — |
| P/E ratio | 18.8 | 23.6 | 17.7 | 22.3 | 36.9 | 363.5 | 103.8 | — | — | — |
| Price / sales | 4.2 | 5.0 | 3.7 | 3.6 | 6.8 | 13.5 | 9.7 | — | — | — |
| Price / book | 3.9 | 3.8 | 3.0 | 3.0 | 4.3 | 6.3 | 5.0 | — | — | — |
| Price / free cash flow | 9.2 | 10.6 | 12.9 | 7.1 | 20.4 | 46.0 | 28.4 | — | — | — |
| Price / operating cash flow | 9.1 | 10.6 | 12.1 | 6.9 | 19.3 | 42.5 | 26.4 | — | — | — |
| EV / sales | 3.4 | 4.0 | 2.0 | 2.0 | 4.9 | 11.0 | 7.5 | — | — | — |
| EV / EBITDA | 11.4 | 14.1 | 6.8 | 9.2 | 20.1 | 244.4 | 44.0 | — | — | — |
| EV / free cash flow | 7.4 | 8.5 | 7.0 | 4.1 | 14.7 | 37.3 | 22.0 | — | — | — |
| Earnings yield | 5.3% | 4.2% | 5.6% | 4.5% | 2.7% | 0.3% | 1.0% | — | — | — |
| Free cash flow yield | 10.9% | 9.4% | 7.8% | 14.0% | 4.9% | 2.2% | 3.5% | — | — | — |
| Dividend yield | — | — | 1.2% | 3.1% | 0.0% | 0.0% | 0.5% | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.0% | 0.0% | 2.7% | 6.1% | 0.9% | 0.0% | 6.1% | — | — | — |
| Share price at fiscal year-end | $134.76 | $105.59 | $55.50 | $45.16 | $64.77 | $88.84 | $50.49 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $31.87 | $21.12 | $14.84 | $12.68 | $9.49 | $6.58 | $5.19 | $3.23 | $2.63 | $1.89 |
| Earnings per share | $7.17 | $4.48 | $3.13 | $2.02 | $1.76 | $0.24 | $0.49 | $0.81 | $0.17 | $0.29 |
| Operating cash flow per share | $14.89 | $9.96 | $4.58 | $6.57 | $3.36 | $2.09 | $1.91 | $1.01 | $0.89 | $0.70 |
| Free cash flow per share | $14.63 | $9.95 | $4.32 | $6.34 | $3.18 | $1.93 | $1.78 | $0.99 | $0.89 | $0.66 |
| Cash per share | $26.38 | $21.01 | $27.45 | $22.61 | $18.50 | $16.86 | $11.46 | $5.82 | $4.98 | $0.43 |
| Book value per share | $34.30 | $27.80 | $18.61 | $14.92 | $15.10 | $14.21 | $10.01 | $4.03 | $3.47 | $3.23 |
| Tangible book value per share | $29.15 | $27.30 | $18.12 | $14.60 | $14.73 | $13.76 | $9.98 | $4.00 | $3.43 | $2.73 |
| Dividends per share | — | — | $0.64 | $1.41 | $0.00 | $0.00 | $0.23 | — | $0.00 | — |
| Capex per share | $0.26 | $0.01 | $0.27 | $0.23 | $0.19 | $0.16 | $0.13 | $0.01 | $0.00 | $0.04 |
| Debt per share | $0.26 | $0.04 | $2.08 | $3.24 | $0.45 | $0.18 | — | $0.84 | $0.76 | $0.75 |
| Shares outstanding | 27.5M | 26.2M | 25.3M | 25.8M | 26.1M | 25.6M | 21.8M | 22.6M | 22.6M | 22.6M |
| Change in shares outstanding | +4.8% | +3.5% | −1.8% | −1.2% | +2.0% | +17.2% | −3.5% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 23.6% | 19.6% | 18.5% | 13.4% | 12.1% | 2.1% | 6.9% | 21.5% | 5.0% | 9.0% |
| Return on invested capital (ROIC) | 97.6% | — | — | — | — | — | — | — | — | 7.8% |
| Return on assets (ROA) | 8.8% | 5.9% | 5.3% | 4.7% | 5.5% | 1.1% | 3.4% | 8.7% | 2.3% | 4.6% |
| Return on tangible assets | 9.5% | 5.2% | 4.7% | 4.0% | 5.0% | 0.9% | 2.7% | 7.9% | 2.0% | 4.9% |
| Free cash flow margin | 45.9% | 47.1% | 29.1% | 50.0% | 33.5% | 29.4% | 34.2% | 30.8% | 33.9% | 35.0% |
| Income quality (OCF / net income) | 2.08 | 2.22 | 1.47 | 3.25 | 1.92 | 8.56 | 3.93 | 1.25 | 5.35 | 2.39 |
| Financial health | ||||||||||
| Total debt | $7.1M | $1.1M | $52.6M | $83.5M | $11.8M | $4.5M | — | $19.1M | $17.1M | $17.0M |
| Cash & short-term investments | $725.2M | $550.9M | $695.3M | $583.2M | $483.0M | $431.5M | $250.3M | $131.7M | $112.7M | $9.8M |
| Net debt | −$718.1M | −$549.8M | −$642.7M | −$499.7M | −$471.2M | −$427.0M | −$250.3M | −$112.7M | −$95.6M | $7.2M |
| Debt / equity | 0.01 | 0.00 | 0.11 | 0.22 | 0.03 | 0.01 | — | 0.21 | 0.22 | 0.23 |
| Debt / assets | 0.00 | 0.00 | 0.03 | 0.06 | 0.01 | 0.01 | — | 0.08 | 0.09 | 0.12 |
| Net debt / EBITDA | −2.73 | −3.49 | −5.74 | −6.89 | −7.76 | −56.49 | −12.93 | −5.44 | −13.99 | 0.90 |
| Current ratio | — | 0.50 | 1.24 | 56.72 | 12.40 | 13.62 | 270.73 | 6.61 | 12.33 | 0.18 |
| Quick ratio | — | 0.50 | 6.08 | 56.72 | 15.17 | 15.87 | 342.28 | 7.88 | 15.65 | 0.18 |
| Interest coverage | 646.4 | 132.9 | 27.5 | 77.4 | — | — | 16.9 | 7.9 | 2.8 | 3.8 |
| Working capital | — | −$150.2M | $62.2M | $572.9M | $669.5M | $542.1M | $302.6M | $140.0M | $131.1M | −$45.3M |
| Invested capital | $224.6M | $179.2M | −$171.5M | −$114.9M | −$77.0M | −$63.3M | −$31.7M | −$21.5M | −$17.2M | $80.3M |
| Tangible asset value | $801.3M | $715.8M | $458.9M | $376.5M | $384.7M | $352.2M | $217.8M | $90.4M | $77.7M | $116.8M |
| Net current asset value | −$723.9M | −$1.38B | −$919.4M | −$330.9M | $196.7M | $219.7M | $126.9M | $25.0M | $32.7M | −$7.2M |
| Graham number | $74.38 | $52.96 | $36.18 | $26.05 | $24.42 | $8.84 | $10.47 | $8.54 | $3.61 | $4.61 |
| Graham net-net per share | −$7.96 | −$17.41 | −$29.79 | −$2.70 | $2.07 | $5.20 | $3.36 | $0.03 | $0.27 | $0.05 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $16.2M | $36.4M | $0 | $0 | $5.1M | — | $0 | — |
| Share buybacks (net) | $37.3M | $0 | $22.3M | $34.4M | $15.9M | $0 | $62.3M | — | — | — |
| Dividend payout ratio | — | — | 20.5% | 69.8% | 0.0% | 0.0% | 48.2% | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 9.3% | 0.0% | 35.2% | 43.3% | 19.1% | 0.0% | 173.9% | — | 0.0% | — |
| Capex / revenue | 0.8% | 0.0% | 1.8% | 1.8% | 2.0% | 2.4% | 2.6% | 0.5% | 0.1% | 2.1% |
| Capex / operating cash flow | 1.7% | 0.1% | 5.8% | 3.5% | 5.5% | 7.6% | 7.0% | 1.5% | 0.3% | 5.7% |
| Capex / depreciation | 0.80 | 0.05 | 1.50 | 1.44 | 1.37 | 3.05 | 13.55 | 1.57 | 0.42 | 10.20 |
| Stock-based compensation / revenue | 2.4% | 3.0% | 4.0% | 3.6% | 2.3% | 1.3% | 21.3% | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 240.4 | 408.5 | 430.7 | 331.2 | 293.8 | 224.3 | 139.6 | 158.0 | 126.5 | 96.1 |
| Days of inventory on hand | — | — | -2,497.8 | — | -345.5 | -251.8 | -477.7 | -371.8 | -372.0 | — |
| Days payables outstanding | 516.8 | 310.8 | 393.0 | 214.8 | 135.6 | 96.7 | 190.8 | 166.2 | 115.9 | 182.9 |
| Cash conversion cycle (days) | -276.4 | 97.7 | -2,460.2 | 116.4 | -187.3 | -124.1 | -528.9 | -380.0 | -361.4 | -86.7 |
| Receivables turnover | 1.52 | 0.89 | 0.85 | 1.10 | 1.24 | 1.63 | 2.61 | 2.31 | 2.89 | 3.80 |
| Payables turnover | 0.71 | 1.17 | 0.93 | 1.70 | 2.69 | 3.77 | 1.91 | 2.20 | 3.15 | 2.00 |
| Asset turnover | 0.39 | 0.28 | 0.25 | 0.29 | 0.30 | 0.30 | 0.36 | 0.35 | 0.36 | 0.29 |
| Average receivables | $576.9M | $619.8M | $443.6M | $296.8M | $199.4M | $103.5M | $43.3M | $31.6M | $20.6M | $11.2M |
| Average payables | $323.7M | $242.2M | $194.2M | $111.5M | $50.9M | $34.0M | $22.4M | $15.7M | $12.0M | $12.3M |
| Average inventory | — | — | −$1.23B | — | −$129.6M | −$88.4M | −$56.1M | −$35.1M | −$38.4M | — |
| Intangibles / total assets | 6.3% | 0.6% | 0.7% | 0.6% | 1.0% | 1.6% | 0.2% | 0.3% | 0.4% | 7.9% |
Computed from PLMR's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PLMR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Palomar traded at 18.8 times earnings, against a 10-year median of 23.6. Based on the latest twelve months, the trailing P/E is 18.8. Palomar earned a return on equity of 23.6% and a return on invested capital of 97.6% in fiscal 2025. It ended the year with $7.1 million of debt and $725.2 million in cash and short-term investments, a net cash position of $718.1 million. It returned $37.3 million to shareholders: $0 in dividends and $37.3 million in share buybacks, 9% of free cash flow. The share count rose 21.5% from 22.6M to 27.5M over 9 years.
See the PLMR income statement, the PLMR chart for price history, or the PLMR stock overview for the latest quote and news.
PLMR key metrics FAQ
What is Palomar's P/E ratio?
Palomar's trailing P/E ratio is 18.8 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 18.8, compared with a 10-year median of 23.6.
What is Palomar's EV/EBITDA?
Palomar's enterprise value was 11.4 times EBITDA at the end of fiscal 2025 (enterprise value $3.0 billion, EBITDA $262.7 million).
What is Palomar's return on equity?
Palomar's return on equity (ROE) was 23.6% in fiscal 2025: net income of $197.1 million on average shareholders' equity of $835.8 million.
What is Palomar's ROIC?
Palomar's return on invested capital was 97.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Palomar have?
Palomar had total debt of $7.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Palomar buy back its shares?
Yes. Palomar spent $37.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.8% over the year, to 27.5M..
What is Palomar's free cash flow yield?
Palomar generated $402.0 million of free cash flow in fiscal 2025, a free cash flow yield of 10.9% on its market value at year-end ($3.7 billion).