PGR
Progressive
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: PGR
- PE Ratio
As of Jun 10, 2026, the Progressive stock's PE ratio is 10.35. This results from the current EPS of $19.73 and stock price of $204.2. The P/E ratio has a decrease of 18% from the past four quarters average of 12.6.
PGR PE ratio history
The PE ratio of Progressive has averaged 24.83 over the last ten years. The current PE ratio of 10.35 is 58% 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 |
|---|---|---|---|---|
| 2025 | 11.81 | -28.77% | $227.72 | $19.29 |
| 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 |
Progressive PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 10.05 | -14.9% | $198.24 | $19.73 |
| Dec 2025 | 11.81 | -12.58% | $227.72 | $19.29 |
| Sep 2025 | 13.51 | -9.87% | $246.95 | $18.28 |
| Jun 2025 | 14.99 | -21.23% | $266.86 | $17.8 |
| 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 |
PGR Price vs fair value
PGR average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
PGR's current P/E ratio is below the 3, 5 and 10-year averages.
PE comparison
With a P/E of 10.35, PGR is above the industry and its peers average but below the Financial Services sector average. Compared to its Financial Services sector average of 12.72, Progressive's P/E is 19% lower.
PGR PE vs peers
PGR's PE ratio is lower than its peer stocks SIGI and HMN, but it is greater than TRV's and ALL's. Progressive's current PE ratio of 10.35 is comparable to the average of its peer group, which is 10.31.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ALL Allstate Corp | 4.87 | $57.49B |
| MCY Mercury General Corp | 6.68 | $5.62B |
| TRV Travelers Companies Inc | 8.91 | $64.51B |
| PGR Progressive Corp | 10.35 | $119.32B |
| HMN Horace Mann Educators Corp | 12.06 | $1.96B |
| SIGI Selective Insurance Group Inc | 12.41 | $5.47B |
| SAFT Safety Insurance Group Inc | 16.9 | $1.05B |
Frequently asked questions
What is Progressive's PE ratio?
The price to earnings ratio for PGR stock as of Jun 10, 2026, stands at 10.35.
What is the 3-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 3 years is 20.23.
What is the 5-year average PE ratio for Progressive (PGR)?
The average PE ratio for PGR stock over the past 5 years is 34.44.
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 58% 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 10, 2026), Progressive's stock price is $204.2. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $19.73. Therefore, Progressive's P/E ratio for today is 10.35. PE RATIO(10.35) = STOCK PRICE($204.2) / TTM EPS($19.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.