Stock fact sheet · data as of
Palomar Holdings, Inc. (PLMR): fair value, margin of safety and Wheel Score
Ticker symbol PLMR · Financial Services · Insurance - Property & Casualty · United States · Growth
Is PLMR undervalued?
PLMR has a margin of safety of 42%: the stock closed at 144.04 on 5 Nov 2026 against a GLS average fair value of 246.53. 5 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DDM (6.62) and Payback Time (618.38). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, PLMR is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 44, growth score 89, out of 100).
Nine valuation models for PLMR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 233.61 | +62% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 83.36 | -42% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 233.86 | +62% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 84.53 | -41% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 505.05 | +251% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 361.70 | +151% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 618.38 | +329% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 6.62 | -95% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 91.66 | -36% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -27.31 | -119% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 158.50 | +10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Palomar Holdings, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability PLMR scores 7.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 20.7%, ROE 20.9%, ROA 8.9% - with debt at 0.01 times equity and a free-cash-flow yield of 10.8%.
The dividend yield is 0.31% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 2 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 20.7% |
|---|---|---|---|
| GLS Moat | 7.3 / 10 | ROE | 20.9% |
| Debt / equity | 0.01 | ROA | 8.9% |
| Free-cash-flow yield | 10.8% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 49: Weak
With a Wheel Score of 49 Palomar Holdings, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (595 open interest, 99 a day); Option trading (weak) is its weakest part.
Implied volatility is 65% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 595 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 553k shares a day on a market cap of $3.8B, with a beta of 0.35 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (595 open interest, 99 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 42% below fair value | |
| Premium | Strong | implied volatility 65% | |
| Moat | Good | moat 7.3/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 99 contracts a day, 595 open interest | |
| Stability | Fair | beta 0.35, $3.8B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for PLMR in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Palomar Holdings, Inc. by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LMND Lemonade, Inc. | 45.90 | 4.31 | -964% | 23Weak | $3.6B |
| ARX Accelerant Holdings | 19.85 | 5.94 | -234% | 33Weak | $4.3B |
| SLDE Slide Insurance Holdings, Inc. Common Stock | 27.28 | 96.94 | +72% | 82Good | $3.2B |
| AFSIM AmTrust Financial Services, Inc. | 14.70 | 1,681,551.22 | +100% | 33No options | $3.1B |
| AFFS AmTrust Financial Services, Inc. | 15.20 | 1,681,551.45 | +100% | 34No options | $3.0B |
| AFFT AmTrust Financial Services Inc 7.5 % Notes 2015-15.9.55 | 15.30 | 1,681,551.52 | +100% | 26No options | $3.0B |
| AFSIC AmTrust Financial Services, Inc. | 15.00 | 1,681,551.45 | +100% | 33No options | $3.0B |
| AFSIP AmTrust Financial Services, Inc. | 14.05 | 1,681,551.15 | +100% | 32No options | $3.0B |
| MCY Mercury General Corporation | 88.93 | 289.08 | +69% | 78Good | $4.9B |
| AFSIN AmTrust Financial Services, Inc. | 12.90 | 1,681,550.85 | +100% | 32No options | $2.9B |
| AFSIB AmTrust Financial Services, Inc. | 14.25 | 1,681,551.45 | +100% | 32No options | $2.8B |
| SKWD Skyward Specialty Insurance Group, Inc. | 62.22 | 171.03 | +64% | 46Weak | $2.8B |
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Start free See the Sunday ScanQuestions about PLMR
Is PLMR undervalued right now?
By the GLS models, yes: at 144.04 the stock is 42% below the average fair value of 246.53 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PLMR and what does it mean?
PLMR scores 49 out of 100 (Weak) - it fails Wheel Trade Filter 1. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for PLMR?
246.53 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Palomar Holdings, Inc. report earnings next?
No upcoming earnings date is recorded for PLMR in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does PLMR have listed options, and how liquid are they?
Yes. The nightly snapshot found 128 listed contracts with 595 open interest across all expiries and implied volatility of 65% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.