Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Palomar Holdings's share price for the quarter that ended in Sep. 2024 was $94.67. Palomar Holdings's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 26.5 Mil. Therefore, Palomar Holdings's market cap for the quarter that ended in Sep. 2024 was $2,504.2 Mil.
Palomar Holdings's quarterly market cap
declined
from Mar. 2024 ($2,089.1 Mil) to Jun. 2024 ($2,027.5 Mil) but then
increased
from Jun. 2024 ($2,027.5 Mil) to Sep. 2024 ($2,504.2 Mil).
Palomar Holdings's annual market cap
declined
from Dec. 2021 ($1,647.0 Mil) to Dec. 2022 ($1,130.2 Mil) but then
increased
from Dec. 2022 ($1,130.2 Mil) to Dec. 2023 ($1,374.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Palomar Holdings's Enterprise Value for Today is $2,834.6 Mil.
Palomar Holdings Market Cap Historical Data
The historical data trend for Palomar Holdings's Market Cap 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 Market Cap
For the Insurance - Property & Casualty subindustry, Palomar Holdings's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Palomar Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Palomar Holdings's Market Cap falls into.
Palomar Holdings Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Palomar Holdings's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Palomar Holdings (NAS:PLMR) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Palomar Holdings Market Cap Related Terms
Thank you for viewing the detailed overview of Palomar Holdings's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PLMR has been successfully added to your 