Palomar Holdings (Palomar Holdings) GF Value Rank : 4 (As of May. 02, 2024)

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What is Palomar Holdings GF Value Rank?

Palomar Holdings has the GF Value Rank of 4.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Palomar Holdings's GF Value Rank

For the Insurance - Property & Casualty subindustry, Palomar Holdings's GF Value Rank, along with its competitors' market caps and GF Value Rank 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 GF Value Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Palomar Holdings's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Palomar Holdings's GF Value Rank falls into.

Palomar Holdings GF Value Rank Related Terms

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Palomar Holdings (Palomar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Palomar Holdings Inc (NAS:PLMR) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

PH8:Germany

Address

7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, USA, 92037

Website

https://plmr.com

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.

Executives

T Christopher Uchida	officer: Chief Financial Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jon Christianson	officer: Chief Operating Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Angela L. Grant	officer: Chief Legal Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Michelle Antoinette Johnson	officer: Senior VP, People & Talent	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jonathan Knutzen	officer: Chief Risk Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92121
Mac Armstrong	director, officer: Chief Executive Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
William Bold	officer: Chief Strategy Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Heath A Fisher	officer: President	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Martha Notaras	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Robert E Dowdell	director
Daina Middleton	director	C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Richard H Taketa	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Britt Morries	officer: Chief Operating Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Andrew T Robinson	officer: Chief Underwriting Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Daryl Bradley	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037