PGR Progressive PE ratio, current and historical analysis
As of Feb 21, 2025, the Progressive stock's PE ratio is 19.29. This results from the current EPS of $13.8 and stock price of $266.19. The P/E ratio has a decrease of 5% from the past four quarters average of 20.3.
PGR PE ratio history
The PE ratio of Progressive has averaged 25.06 over the last ten years. The current PE ratio of 19.29 is 23% 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.
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 |
|---|---|---|---|---|
| 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 |
| 2009 | 11.31 | N/A | $17.99 | $1.59 |
Progressive PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2021 | 10.53 | 21.59% | $98.21 | $9.33 |
| Mar 2021 | 8.66 | -14.93% | $95.61 | $11.04 |
PGR average PE ratio chart
PGR's current P/E ratio is below the 3, 5 and 10-year averages.
PGR PE vs 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 19.29 is above the average of its peers, which is 14.07.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MCY Mercury General Corp | 6.18 | $2.89B |
| TRV Travelers Companies Inc | 11.03 | $54.42B |
| ALL Allstate Corp | 11.9 | $49.16B |
| SAFT Safety Insurance Group Inc | 15.37 | $1.15B |
| HMN Horace Mann Educators Corp | 15.79 | $1.62B |
| PGR Progressive Corp | 19.29 | $155.94B |
| SIGI Selective Insurance Group Inc | 24.15 | $4.77B |
Frequently asked questions
What is Progressive's PE ratio?
The price to earnings ratio for PGR stock as of Feb 21, 2025, stands at 19.29.
What is the 3-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 3 years is 51.02.
What is the 5-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 5 years is 34.5.
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 23% 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 (Feb 21, 2025), Progressive's stock price is $266.19. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $13.8. Therefore, Progressive's P/E ratio for today is 19.29. PE RATIO(19.29) = STOCK PRICE($266.19) / TTM EPS($13.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.