Palomar Holdings, Inc. (PLMR) intrinsic value & 10-year financials
Palomar Holdings, Inc. (PLMR) has a Graham intrinsic value of $238.16 per share. At $139.59 on Oct 17, 2026, the stock trades 41% below that value. Over the last 10 fiscal years revenue grew 40.0% a year to $876.0M, with an average return on invested capital of 23.6%.
- Graham intrinsic value
- $238.16
- Share price (Oct 17, 2026)
- $139.59
- Price vs Graham value
- 41% below
- Market cap
- $3.8B
- Revenue (FY2025)
- $876.0M
- Revenue growth (10-yr CAGR)
- 40.0%
- ROIC (10-yr avg)
- 23.6%
- Free cash flow (FY2025)
- $409.0M
PLMR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $876.0M | $197.1M | $7.17 | $409.0M | — | 23.6% |
| FY2024 | $553.9M | $117.6M | $4.48 | $260.9M | — | — |
| FY2023 | $375.9M | $79.2M | $3.13 | $116.1M | — | — |
| FY2022 | $327.1M | $52.2M | $2.02 | $169.3M | — | — |
| FY2021 | $247.8M | $45.8M | $1.76 | $87.8M | — | — |
| FY2020 | $168.5M | $6.3M | $0.24 | $53.4M | — | — |
| FY2019 | $113.3M | $10.6M | $0.49 | $41.6M | — | — |
| FY2018 | $73.0M | $18.2M | $1.07 | $22.5M | — | — |
| FY2017 | $59.5M | $3.8M | $0.22 | $20.2M | — | — |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Palomar Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Palomar Holdings, Inc. has earned high returns on invested capital, averaging 23.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Palomar Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Palomar Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $238.16 per share.