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STOCK COMPARISON

Palomar Holdings vs Progressive: Fair Value & Quality

Both stocks run through our valuation models. Here is how Palomar Holdings (PLMR) and Progressive (PGR) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Palomar Holdings trades at $131 versus a fair value of $96.66 (-26%), while Progressive trades at $215 versus $253 (+17%).
Palomar Holdings
PLMR · USD · Financials
-26%
upside to fair value
overvalued
Price$131
Fair Value$96.66
Quality68/100
Progressive
PGR · USD · Financials
+17%
upside to fair value
undervalued
Price$215
Fair Value$253
Quality65/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Palomar HoldingsProgressive
Valuation
18.7×P/E (TTM)11.7×
3.63×P/S (TTM)1.50×
3.77×P/B4.43×
13.1×EV/EBITDA9.3×
PEG35.19×
Dividend yield0.2%
Dividend per share$0.40
Profitability
20%Net margin13%
20%Operating margin16%
23%Return on equity38%
5%Return on assets8%
Growth
60%Revenue growth (YoY)9%
38.9%Avg. growth/yr (3Y)20.9%
39.1%Avg. growth/yr (5Y)15.5%
Balance & size
0.05×Debt / equity0.23×
$4BMarket cap$134B
healthyGrowth qualitymixed

Palomar Holdings leads: 7 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Palomar Holdingsof which business quality 69 · market factors 59 Progressiveof which business quality 64 · market factors 58
ProfitabilityMargins and returns on capital today
60
61
Quality GrowthAre margins and returns improving?
90
64
CashflowEarnings quality: real cash, not paper profit
100
81
Fin. StrengthBalance sheet, leverage, solvency risk
68
54
InvestmentDisciplined investing over empire-building
34
37
Low VolatilityCalm price path (market factor)
77
88
MomentumPrice trend over the last 3–12 months (market factor)
54
48
52W MomentumDistance to the 52-week high (market factor)
49
41
Net IssuanceBuybacks instead of dilution
47
81

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Palomar Holdings

Dividend Discount$9.97
Multiples$73.23
Asset-Based$23.83
Economic Profit$69.72

6 of 6 models see the stock below the current price.

Progressive

Multiples$163
Asset-Based$34.90
Economic Profit$211

3 of 4 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Palomar Holdings
Bear $72.50Fair Value $96.66Bull $121
$131 = current price (white tick)
Progressive
Bear $189Fair Value $253Bull $316
$215 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Palomar Holdings · Financials

Quality score68 · Top 25%
Fair value upside-26% · below median

Progressive · Financials

Quality score65 · Top 25%
Fair value upside+17% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Palomar Holdings trades at $131 versus a fair value of $96.66 (-26%), while Progressive trades at $215 versus $253 (+17%).

Palomar Holdings has the higher quality score (68/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.