As of Jul 25, 2024, the Progressive stock's PE ratio is 21.71. This results from the current EPS of $9.8 and stock price of $212.77. The P/E ratio has a decrease of 28% from the past four quarters average of 30.2.
The PE ratio of Progressive has averaged 24.77 over the last ten years. The current PE ratio of 21.71 is 12% 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.
Maximum annual increase: 504.21% in 2022
Maximum annual decrease: -77.89% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 24.1 | -77.89% |
| 2022 | 109 | 504.21% |
| 2021 | 18.04 | 77.21% |
| 2020 | 10.18 | -5.04% |
| 2019 | 10.72 | -20.94% |
| 2018 | 13.56 | -34.01% |
| 2017 | 20.55 | 2.44% |
| 2016 | 20.06 | 36.28% |
| 2015 | 14.72 | 18.33% |
| 2014 | 12.44 | -11.02% |
PGR's current P/E ratio is below the 3, 5 and 10-year averages.
PGR's PE ratio is lower than its peer stocks ALL and HMN, but it is greater than TRV's and SIGI's. Progressive's current PE ratio of 21.71 is above the average of its peers, which is 18.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TRV Travelers Companies Inc | 13.38 | $48.74B |
| MCY Mercury General Corp | 14.95 | $3.22B |
| SIGI Selective Insurance Group Inc | 15.99 | $5.54B |
| HMN Horace Mann Educators Corp | 21.71 | $1.4B |
| PGR Progressive Corp | 22.01 | $126.32B |
| SAFT Safety Insurance Group Inc | 25.02 | $1.29B |
| ALL Allstate Corp | 36.62 | $44.65B |
The price to earnings ratio for PGR stock as of Jul 25, 2024, stands at 21.71.
The average PE ratio for PGR stock over the past 3 years is 50.56.
The average PE ratio for PGR stock over the past 5 years is 33.92.
The highest quarterly PE ratio in the last ten years has been 109 and it was in the Dec 2022 quarter.
PGR's price to earnings ratio is currently 12% below its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), Progressive's stock price is $212.77. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $9.8. Therefore, Progressive's P/E ratio for today is 21.71. PE RATIO(21.71) = STOCK PRICE($212.77) / TTM EPS($9.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.