The Progressive Corporation (PGR) Valuation — DCF, Graham & Comparables

The Progressive Corporation (PGR) — Price $216.99 Financial ServicesInsurance - Property & Casualty — NYSE

Latest reported results:

Valuation dashboard for The Progressive Corporation (PGR) with P/E 11.03, P/B 3.74, EV/EBITDA 8.91 and dividend yield 6.31%. DCF, Graham Number and Earnings Power Value models plus sector comparison against other Financial Services companies.

The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property.

Analysis Summary

The Progressive Corporation reported revenue of $87.64B in the most recent fiscal year, growing at a 5-year CAGR of 15.5%. Net income reached $11.31B, with a 14.7% 5-year CAGR.

Trailing-twelve-month margins: gross margin 26.9%, operating margin 16.2%, net margin 12.8%.

At the current price of $216.99, PGR trades at a P/E of 11.03 and an ROE of 35.40%. Market capitalisation stands at $126.2B, placing it among large-cap names.

Balance sheet quality for PGR: current ratio of 0.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio11.03
Price / Book3.74
EV / EBITDA8.91
Dividend Yield6.31%

Valuation Models

DCF Fair Value$341.26
vs Current Price+57.3%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
PGRThe Progressive Corporation$126.2B11.033.7435.4%
BACBank of America Corporation$410.9B12.451.3011.1%
IBKRInteractive Brokers Group, Inc.$149.9B33.726.4720.5%
TDThe Toronto-Dominion Bank$203.8B17.922.1716.1%
BBVABanco Bilbao Vizcaya Argentaria, S.A.$155.3B12.272.2119.3%
UBSUBS Group AG$165.3B15.711.6210.3%
CBChubb Limited$131.8B12.131.8015.2%
IBNICICI Bank Limited$100.7B16.852.4915.7%

Price

Price$216.99
Market Cap$126.2B
ExchangeNYSE
CountryUS

Profitability

Return on Equity35.40%
Return on Invested Capital27.38%
Return on Assets9.36%
Gross Margin26.91%
Operating Margin16.23%
Net Margin12.85%

Related companies: BAC · BBVA · CB · IBKR · IBN · TD · TRV

Explore sector: Financial Services · Insurance - Property & Casualty

More sections of PGR: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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