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PGR Progressive PE ratio, current and historical analysis

As of Jun 6, 2025, the Progressive stock's PE ratio is 18.78. This results from the current EPS of $14.87 and stock price of $279.32. The P/E ratio marks an increase of 4.7% from the past four quarters average of 17.9.

PGR PE ratio history

How has PGR's PE ratio performed in the past

The PE ratio of Progressive has averaged 25.01 over the last ten years. The current PE ratio of 18.78 is 25% below the historical average. Over the past ten years, PGR's PE ratio was at its highest in the Dec 2022 quarter at 109, when the stock price was $129.71 and the EPS was $1.19. The lowest value was in the Mar 2021 quarter, when it reached 8.66 with a price of $95.61 and an EPS of $11.04.

Today
18.78
Average
25.01
Median
17.88
Minimum
8.66
Maximum
109

Progressive PE ratio by year

Maximum annual increase: 504.21% in 2022

Maximum annual decrease: -77.89% in 2023

Year PE ratio PE change Price EPS
2024 16.58 -31.2% $239.61 $14.45
2023 24.1 -77.89% $159.28 $6.61
2022 109 504.21% $129.71 $1.19
2021 18.04 77.21% $102.65 $5.69
2020 10.18 -5.04% $98.88 $9.71
2019 10.72 -20.94% $72.39 $6.75
2018 13.56 -34.01% $60.33 $4.45
2017 20.55 2.44% $56.32 $2.74
2016 20.06 36.28% $35.5 $1.77
2015 14.72 18.33% $31.8 $2.16
2014 12.44 -11.02% $26.99 $2.17
2013 13.98 -0.64% $27.27 $1.95
2012 14.07 16.09% $21.1 $1.5
2011 12.12 -1.22% $19.51 $1.61
2010 12.27 8.49% $19.87 $1.62

Progressive PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 19.03 14.78% $283.01 $14.87
Dec 2024 16.58 -9.84% $239.61 $14.45
Sep 2024 18.39 3.78% $253.76 $13.8
Jun 2024 17.72 -16.02% $207.71 $11.72
Mar 2024 21.1 -12.45% $206.82 $9.8
Dec 2023 24.1 -20.07% $159.28 $6.61
Sep 2023 30.15 -33.49% $139.3 $4.62
Jun 2023 45.33 -55.32% $132.37 $2.92
Mar 2023 101.46 -6.92% $143.06 $1.41
Dec 2022 109 34.12% $129.71 $1.19
Sep 2022 81.27 -0.74% $116.21 $1.43
Jun 2022 81.88 165.76% $116.27 $1.42
Mar 2022 30.81 70.79% $113.99 $3.7
Dec 2021 18.04 38.13% $102.65 $5.69
Sep 2021 13.06 24.03% $90.39 $6.92

PGR Price vs fair value

How does PGR's price compare to its estimated fair value based on its growth

PGR average PE ratio chart

What is the average PE ratio of PGR for the past years

PGR's current P/E ratio is below the 3, 5 and 10-year averages.

3-year avg
47.17
5-year avg
33.95
10-year avg
25.01
15-year avg
21.07

PGR PE vs peers

What is PGR's PE ratio compared to its peers

PGR's PE ratio is lower than its peer stock SIGI, but it is greater than TRV's and ALL's. Progressive's current PE ratio of 18.78 is above the average of its peers, which is 16.2.

Stock name PE ratio Market cap
MCY Mercury General Corp 12.68 $3.62B
ALL Allstate Corp 14.02 $55.1B
TRV Travelers Companies Inc 14.69 $62.01B
HMN Horace Mann Educators Corp 15.82 $1.79B
SAFT Safety Insurance Group Inc 16.33 $1.19B
PGR Progressive Corp 18.78 $163.74B
SIGI Selective Insurance Group Inc 23.63 $5.31B

Frequently asked questions

What is Progressive's PE ratio?

The price to earnings ratio for PGR stock as of Jun 6, 2025, stands at 18.78.

What is the 3-year average PE ratio for Progressive (PGR)?

The average PE ratio for PGR stock over the past 3 years is 47.17.

What is the 5-year average PE ratio for Progressive (PGR)?

The average PE ratio for PGR stock over the past 5 years is 33.95.

What is the highest PE ratio for PGR?

The highest quarterly PE ratio in the last ten years has been 109 and it was in the Dec 2022 quarter.

How does the current PE ratio for PGR compare to its historical average?

PGR's price to earnings ratio is currently 25% below its 10-year historical average.

How is PGR's PE ratio calculated (Progressive PE ratio formula)?

You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 6, 2025), Progressive's stock price is $279.32. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $14.87. Therefore, Progressive's P/E ratio for today is 18.78. PE RATIO(18.78) = STOCK PRICE($279.32) / TTM EPS($14.87)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.