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PGR Progressive PE ratio, current and historical analysis

As of Jun 11, 2025, the Progressive stock's PE ratio is 17.7. This results from the current EPS of $14.87 and stock price of $263.22. The current PE ratio is nearly equal to the average from the previous 4 quarters.

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 17.7 is 29% 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
17.86
Average
25.01
Median
17.88
Minimum
8.66
Maximum
109

Progressive PE ratio history chart

Progressive PE ratio by year

Maximum annual increase: 504.21% in 2022

Maximum annual decrease: -77.89% in 2023

YearPE ratioPE changePriceEPS
202416.58-31.2%$239.61$14.45
202324.1-77.89%$159.28$6.61
2022109504.21%$129.71$1.19
202118.0477.21%$102.65$5.69
202010.18-5.04%$98.88$9.71
201910.72-20.94%$72.39$6.75
201813.56-34.01%$60.33$4.45
201720.552.44%$56.32$2.74
201620.0636.28%$35.5$1.77
201514.7218.33%$31.8$2.16
201412.44-11.02%$26.99$2.17
201313.98-0.64%$27.27$1.95
201214.0716.09%$21.1$1.5
201112.12-1.22%$19.51$1.61
201012.278.49%$19.87$1.62

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

PE vs average

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 17.7 is above the average of its peers, which is 15.75.

Stock namePE ratioMarket cap
MCY Mercury General Corp12.57$3.59B
ALL Allstate Corp13.32$52.33B
TRV Travelers Companies Inc14.11$59.56B
HMN Horace Mann Educators Corp15.4$1.75B
SAFT Safety Insurance Group Inc16.19$1.18B
PGR Progressive Corp 17.86$155.73B
SIGI Selective Insurance Group Inc23.15$5.21B
Stock:
PGR
ALL
TRV
MCY
SIGI
SAFT
HMN
X axis
Y axis
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Created with Highcharts 9.0.1EPS growth YoY (quarterly)Price to earnings (P/E)PGRPGRALLALLTRVTRVMCYMCYSIGISIGISAFTSAFTHMNHMN-250-225-200-175-150-125-100-75-50-2502550
12141618202224

Frequently asked questions

What is Progressive's PE ratio?

The price to earnings ratio for PGR stock as of Jun 11, 2025, stands at 17.7.

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 29% 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 11, 2025), Progressive's stock price is $263.22. 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 17.7. PE RATIO(17.7) = STOCK PRICE($263.22) / TTM EPS($14.87)

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