The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-01), Palomar Holdings's share price is $79.04. Palomar Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was $19.02. Hence, Palomar Holdings's PB Ratio of today is 4.15.
The historical rank and industry rank for Palomar Holdings's PB Ratio or its related term are showing as below:
PLMR'
s PB Ratio Range Over the Past 10 Years
Min: 2.85 Med: 4.57 Max: 7.85
Current: 4.16
During the past 8 years, Palomar Holdings's highest PB Ratio was 7.85. The lowest was 2.85. And the median was 4.57.
PLMR's PB Ratio is ranked worse than 90.72% of 485
companies
in the Insurance industry
Industry Median: 1.21
vs PLMR: 4.16
During the past 12 months, Palomar Holdings's average Book Value Per Share Growth Rate was 23.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 29.60% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Palomar Holdings was 60.20% per year. The lowest was 10.10% per year. And the median was 36.05% per year.
Back to Basics: PB Ratio
Palomar Holdings PB Ratio Historical Data
The historical data trend for Palomar Holdings's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Palomar Holdings's PB Ratio
For the Insurance - Property & Casualty subindustry, Palomar Holdings's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Palomar Holdings's PB Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Palomar Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Palomar Holdings's PB Ratio falls into.
Palomar Holdings PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Palomar Holdings PB Ratio Related Terms
Thank you for viewing the detailed overview of Palomar Holdings's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Palomar Holdings (Palomar Holdings) Business Description
Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.
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