PGR Progressive PE ratio, current and historical analysis
As of Sep 6, 2024, the Progressive stock's PE ratio is 21.22. This results from the current EPS of $11.72 and stock price of $248.69. The P/E ratio has a decrease of 9% from the past four quarters average of 23.3.
PGR PE ratio history
The PE ratio of Progressive has averaged 24.6 over the last ten years. The current PE ratio of 21.22 is 14% 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 | 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 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 stocks SIGI and SAFT, but it is greater than TRV's and ALL's. Progressive's current PE ratio of 21.22 is above the average of its peers, which is 18.05.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MCY Mercury General Corp | 10.75 | $3.43B |
| TRV Travelers Companies Inc | 14.67 | $53.44B |
| ALL Allstate Corp | 16.77 | $48.94B |
| HMN Horace Mann Educators Corp | 17.73 | $1.42B |
| PGR Progressive Corp | 21.22 | $145.65B |
| SIGI Selective Insurance Group Inc | 24.18 | $5.43B |
| SAFT Safety Insurance Group Inc | 24.22 | $1.24B |
Frequently asked questions
What is Progressive's PE ratio?
The price to earnings ratio for PGR stock as of Sep 6, 2024, stands at 21.22.
What is the 3-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 3 years is 47.83.
What is the 5-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 5 years is 33.11.
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 14% 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 (Sep 6, 2024), Progressive's stock price is $248.69. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $11.72. Therefore, Progressive's P/E ratio for today is 21.22. PE RATIO(21.22) = STOCK PRICE($248.69) / TTM EPS($11.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.