PLMR (Palomar Holdings) Scaled Net Operating Assets: 0.16 (As of Mar. 2026)


PLMR Palomar Holdings Inc PLMR
81 GF Score
Price $118.83
GF Value $149.95
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Palomar Holdings Scaled Net Operating Assets?

Palomar Holdings PLMR +2.43% 81 Scaled Net Operating Assets is 0.16 as of Mar. 2026. GuruFocus rates PLMR with a GF Score™ of 81/100 and a GF Value™ of $149.95 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Palomar Holdings's operating assets for the quarter that ended in Mar. 2026 was $2,857.9 Mil. Palomar Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $2,355.9 Mil. Palomar Holdings's Total Assets for the quarter that ended in Dec. 2025 was $3,051.0 Mil. Therefore, Palomar Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.16.

PLMR
81GF Score
Palomar Holdings Inc PLMR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Palomar Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Palomar Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2944.092-2108.3)/2262.22
=0.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3050.967 - 106.875
=2944.092

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2108.3 - 0 - 0
=2108.3

Palomar Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2857.892-2355.858)/3050.967
=0.16

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3612.331 - 754.439
=2857.892

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2653.292 - 297.434 - 0
=2355.858

* 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.

What does a Scaled Net Operating Assets of 0.16 mean?
Palomar Holdings (PLMR) has a Scaled Net Operating Assets of 0.16 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Palomar Holdings and its competitors.
Is Palomar Holdings' Scaled Net Operating Assets too high?
Palomar Holdings' current Scaled Net Operating Assets is 0.16. Overall, Palomar Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Palomar Holdings' Scaled Net Operating Assets compare to SLDE and STC?
Palomar Holdings' Scaled Net Operating Assets of 0.16 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Palomar Holdings and its competitors. Palomar Holdings's current Scaled Net Operating Assets is 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Palomar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Palomar Holdings (PLMR) is currently considered Modestly Undervalued. The stock's GF Value™ is $149.95, compared to a current price of $118.83 — trading 20.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.16. Palomar Holdings' overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Palomar Holdings (PLMR), the current Scaled Net Operating Assets is 0.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Palomar Holdings (PLMR) Overvalued in 2026?

Based on GuruFocus' analysis, Palomar Holdings stock appears to be undervalued. The current stock price of $118.83 is trading 20.8% below its estimated GF Value™ of $149.95. GuruFocus considers Palomar Holdings to be Modestly Undervalued.

Key valuation signals for PLMR:

  • Scaled Net Operating Assets: 0.16
  • GF Value™: $149.95 vs. price of $118.83 (20.8% below fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the PLMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Palomar Holdings Business Description

Other Exchanges PH8:Germany
Address 7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, USA, 92037
Palomar Holdings Inc that provides property and casualty insurance products to individuals and businesses. It provides insurance products serving five categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Company distribute products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. The company's Earthquake product generate high premium.
81GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$118.83
Price
$149.95
GF Value