Palomar Hldgs' Market Valuation: Insights into PLMR's Price-to-Earnings Ratio

Palomar Holdings, Inc. (PLH) has seen its price-to-earnings (P/E) ratio fluctuate over the past year, according to data from Benzinga's PE Ratio Insights tool. As of March 25, the company's P/E ratio stands at 13.33.

Palomar Holdings, a specialty insurance acquisition company, has reported earnings per share (EPS) of $1.14 over the past 12 months. With a current stock price of $15.45, the company's P/E ratio has increased by 14.3% from its 12-month low of 11.69.

The P/E ratio is a widely used metric to evaluate the value of a company's stock. It is calculated by dividing the current stock price by the company's EPS. A higher P/E ratio can indicate that investors have high expectations for a company's future growth, while a lower P/E ratio may suggest that the stock is undervalued.

Palomar Holdings' P/E ratio has trended upward over the past year, with the stock price increasing by 24.1% over the same period. The company's EPS has also shown steady growth, increasing by 13.5% over the past 12 months.

Palomar Holdings' P/E ratio is currently higher than the industry average of 12.41, according to data from Benzinga's PE Ratio Insights tool. This suggests that investors may be willing to pay a premium for the company's stock due to its strong financial performance and growth prospects.

Palomar Holdings is a specialty insurance acquisition company that focuses on acquiring and managing insurance companies. The company has a portfolio of insurance subsidiaries that offer a range of insurance products, including commercial and personal lines insurance. Palomar Holdings went public in 2018 and has since grown its portfolio of insurance subsidiaries through a combination of acquisitions and internal growth.