Valuation dashboard for The Progressive Corporation (PGR) with P/E 11.65, P/B 3.90, EV/EBITDA 9.36 and dividend yield 6.01%. DCF, Graham Number, EPS growth, peer multiples and dividend discount 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 48.1%, operating margin 16.0%, net margin 12.7%.
At $231.28 (closing price, October 30, 2026), PGR trades at a P/E of 11.65 and an ROE of 35.44%. Market capitalisation stands at $134.4B, 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 Ratio | 11.65 |
| Price / Book | 3.90 |
| EV / EBITDA | 9.36 |
| Dividend Yield | 6.01% |
Valuation Models
| DCF Fair Value | $363.14 |
| vs Current Price | +57.0% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| PGR | The Progressive Corporation | $134.4B | 11.65 | 3.90 | 35.4% |
| CINF | Cincinnati Financial Corporation | $27.8B | 10.62 | 1.72 | 16.5% |
| CB | Chubb Limited | $139.1B | 12.68 | 1.92 | 15.1% |
| TRV | The Travelers Companies, Inc. | $81.2B | 10.39 | 2.83 | 26.2% |
| ALL | The Allstate Corporation | $65.7B | 5.19 | 1.97 | 43.1% |
| HIG | The Hartford Insurance Group, Inc. | $35.5B | 8.07 | 1.96 | 24.1% |
| WRB | W. R. Berkley Corporation | $27.4B | 15.62 | 2.99 | 19.0% |
| CNA | CNA Financial Corporation | $13.2B | 10.70 | 1.18 | 12.0% |
Price
| Price | $231.28 (closing price, October 30, 2026) |
| Market Cap | $134.4B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 35.44% |
| Return on Invested Capital | 27.11% |
| Return on Assets | 9.10% |
| Gross Margin | 48.12% |
| Operating Margin | 16.02% |
| Net Margin | 12.67% |
Related companies: CINF · CB · TRV · ALL · HIG · WRB · CNA · AFG
Explore sector: Financial Services · Insurance - Property & Casualty
More sections of PGR: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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