PROGRESSIVE CORP (PGR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PGR - US7433151039 - Common Stock
202.37 USD
-1.15 (-0.57%)
235.51 USD
+33.14 (+16.38%)
We assign a fundamental rating of 5 out of 10 to PGR. PGR was compared to 149 industry peers in the Insurance industry. PGR has an average financial health and profitability rating. PGR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year PGR was profitable.
- In the past year PGR had a positive cash flow from operations.
- Each year in the past 5 years PGR has been profitable.
- Each year in the past 5 years PGR had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 8.82%, PGR belongs to the best of the industry, outperforming 95.97% of the companies in the same industry.
- PGR has a Return On Equity of 30.23%. This is amongst the best in the industry. PGR outperforms 96.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.82% | ||
| ROE | 30.23% | ||
| ROIC | N/A |
ROA(3y)4.43%
ROA(5y)5.36%
ROE(3y)18.83%
ROE(5y)21.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- PGR has a Profit Margin of 12.58%. This is in the better half of the industry: PGR outperforms 69.13% of its industry peers.
- PGR's Profit Margin has improved in the last couple of years.
- With a decent Operating Margin value of 16.19%, PGR is doing good in the industry, outperforming 63.09% of the companies in the same industry.
- PGR's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.19% | ||
| PM (TTM) | 12.58% | ||
| GM | N/A |
OM growth 3Y16.24%
OM growth 5Y1.24%
PM growth 3Y17.23%
PM growth 5Y2.12%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- PGR does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, PGR has about the same amount of shares outstanding.
- The number of shares outstanding for PGR has been increased compared to 5 years ago.
- The debt/assets ratio for PGR has been reduced compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of PGR is 0.40, which is an excellent value as it means it would take PGR, only 0.40 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.40, PGR belongs to the top of the industry, outperforming 86.58% of the companies in the same industry.
- A Debt/Equity ratio of 0.19 indicates that PGR is not too dependend on debt financing.
- The Debt to Equity ratio of PGR (0.19) is better than 69.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.57%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- PGR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.48%, which is quite impressive.
- PGR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.71% yearly.
- PGR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.35%.
- PGR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.08% yearly.
EPS 1Y (TTM)36.48%
EPS 3Y59.23%
EPS 5Y21.71%
EPS Q2Q%12.81%
Revenue 1Y (TTM)18.35%
Revenue growth 3Y16.48%
Revenue growth 5Y14.08%
Sales Q2Q%9.91%
3.2 Future
- Based on estimates for the next years, PGR will show a small growth in Earnings Per Share. The EPS will grow by 3.06% on average per year.
- PGR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.77% yearly.
EPS Next Y28.55%
EPS Next 2Y7.76%
EPS Next 3Y5.33%
EPS Next 5Y3.06%
Revenue Next Year12.62%
Revenue Next 2Y10.12%
Revenue Next 3Y9.4%
Revenue Next 5Y10.77%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 11.46, which indicates a very decent valuation of PGR.
- The rest of the industry has a similar Price/Earnings ratio as PGR.
- When comparing the Price/Earnings ratio of PGR to the average of the S&P500 Index (27.38), we can say PGR is valued rather cheaply.
- A Price/Forward Earnings ratio of 12.40 indicates a correct valuation of PGR.
- PGR's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.29, PGR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 12.4 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PGR is on the same level as its industry peers.
- The rest of the industry has a similar Price/Free Cash Flow ratio as PGR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.96 | ||
| EV/EBITDA | 8.91 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- PGR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.4
PEG (5Y)0.53
EPS Next 2Y7.76%
EPS Next 3Y5.33%
5. Dividend
5.1 Amount
- PGR has a yearly dividend return of 0.20%, which is pretty low.
- Compared to an average industry Dividend Yield of 2.53, PGR is paying slightly less dividend.
- With a Dividend Yield of 0.20, PGR pays less dividend than the S&P500 average, which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
5.2 History
- The dividend of PGR decreases each year by -16.45%.
- PGR has been paying a dividend for at least 10 years, so it has a reliable track record.
- PGR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-16.45%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
- 26.80% of the earnings are spent on dividend by PGR. This is a low number and sustainable payout ratio.
DP26.8%
EPS Next 2Y7.76%
EPS Next 3Y5.33%
202.37
-1.15 (-0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)10-15 2025-10-15/bmo
Earnings (Next)03-02 2026-03-02/amc
Inst Owners88.16%
Inst Owner Change0.02%
Ins Owners0.2%
Ins Owner Change-1.24%
Market Cap118.65B
Revenue(TTM)85.17B
Net Income(TTM)10.71B
Analysts71.72
Price Target257.24 (27.11%)
Short Float %1.08%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
Yearly Dividend1.16
Dividend Growth(5Y)-16.45%
DP26.8%
Div Incr Years2
Div Non Decr Years3
Ex-Date01-02 2026-01-02 (13.5)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.63%
Min EPS beat(2)-20.4%
Max EPS beat(2)9.13%
EPS beat(4)2
Avg EPS beat(4)-0.6%
Min EPS beat(4)-20.4%
Max EPS beat(4)12.78%
EPS beat(8)5
Avg EPS beat(8)7.58%
EPS beat(12)7
Avg EPS beat(12)-1.73%
EPS beat(16)8
Avg EPS beat(16)-4.26%
Revenue beat(2)0
Avg Revenue beat(2)-3.23%
Min Revenue beat(2)-3.5%
Max Revenue beat(2)-2.96%
Revenue beat(4)1
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-3.5%
Max Revenue beat(4)2.42%
Revenue beat(8)4
Avg Revenue beat(8)0.23%
Revenue beat(12)5
Avg Revenue beat(12)-0.32%
Revenue beat(16)6
Avg Revenue beat(16)-0.73%
PT rev (1m)-2.38%
PT rev (3m)-9.25%
EPS NQ rev (1m)3.05%
EPS NQ rev (3m)5.61%
EPS NY rev (1m)0.47%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)-0.67%
Revenue NQ rev (3m)-2.85%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 12.4 | ||
| P/S | 1.39 | ||
| P/FCF | 6.96 | ||
| P/OCF | 6.82 | ||
| P/B | 3.35 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 8.91 |
EPS(TTM)17.66
EY8.73%
EPS(NY)16.32
Fwd EY8.06%
FCF(TTM)29.08
FCFY14.37%
OCF(TTM)29.65
OCFY14.65%
SpS145.26
BVpS60.46
TBVpS60.46
PEG (NY)0.4
PEG (5Y)0.53
Graham Number154.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.82% | ||
| ROE | 30.23% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 16.19% | ||
| PM (TTM) | 12.58% | ||
| GM | N/A | ||
| FCFM | 20.02% |
ROA(3y)4.43%
ROA(5y)5.36%
ROE(3y)18.83%
ROE(5y)21.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.61%
ROCE(5y)7.97%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y16.24%
OM growth 5Y1.24%
PM growth 3Y17.23%
PM growth 5Y2.12%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.4 | ||
| Debt/EBITDA | 0.49 | ||
| Cap/Depr | 110.27% | ||
| Cap/Sales | 0.4% | ||
| Interest Coverage | 49.94 | ||
| Cash Conversion | 123.36% | ||
| Profit Quality | 159.13% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC8.57%
ROIC/WACCN/A
Cap/Depr(3y)90.4%
Cap/Depr(5y)82.14%
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.48%
Profit Quality(3y)462.71%
Profit Quality(5y)346.4%
High Growth Momentum
Growth
EPS 1Y (TTM)36.48%
EPS 3Y59.23%
EPS 5Y21.71%
EPS Q2Q%12.81%
EPS Next Y28.55%
EPS Next 2Y7.76%
EPS Next 3Y5.33%
EPS Next 5Y3.06%
Revenue 1Y (TTM)18.35%
Revenue growth 3Y16.48%
Revenue growth 5Y14.08%
Sales Q2Q%9.91%
Revenue Next Year12.62%
Revenue Next 2Y10.12%
Revenue Next 3Y9.4%
Revenue Next 5Y10.77%
EBIT growth 1Y30.97%
EBIT growth 3Y35.4%
EBIT growth 5Y15.49%
EBIT Next Year-5.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y91.15%
FCF growth 3Y25.42%
FCF growth 5Y20.26%
OCF growth 1Y90.3%
OCF growth 3Y24.89%
OCF growth 5Y19.28%
PROGRESSIVE CORP / PGR FAQ
What is the fundamental rating for PGR stock?
ChartMill assigns a fundamental rating of 5 / 10 to PGR.
Can you provide the valuation status for PROGRESSIVE CORP?
ChartMill assigns a valuation rating of 5 / 10 to PROGRESSIVE CORP (PGR). This can be considered as Fairly Valued.
What is the profitability of PGR stock?
PROGRESSIVE CORP (PGR) has a profitability rating of 6 / 10.
What is the valuation of PROGRESSIVE CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PROGRESSIVE CORP (PGR) is 11.46 and the Price/Book (PB) ratio is 3.35.
How sustainable is the dividend of PROGRESSIVE CORP (PGR) stock?
The dividend rating of PROGRESSIVE CORP (PGR) is 3 / 10 and the dividend payout ratio is 26.8%.