PGR Progressive PE ratio, current and historical analysis

As of Apr 2, 2025, the Progressive stock's PE ratio is 19.46. This results from the current EPS of $14.45 and stock price of $281.23. The P/E ratio marks an increase of 5% from the past four quarters average of 18.4.

PGR PE ratio history

How has PGR's PE ratio performed in the past

The PE ratio of Progressive has averaged 25.16 over the last ten years. The current PE ratio of 19.46 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.

Today

19.46

Average

25.16

Median

17.72

Minimum

8.66

Maximum

109

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
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
2010	12.27	8.49%	$19.87	$1.62

Year	PE ratio	PE change	Price	EPS
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
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

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

49.73

5-year avg

34.73

10-year avg

25.16

15-year avg

21.11

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 19.46 is above the average of its peers, which is 15.54.

Stock name	PE ratio	Market cap
MCY Mercury General Corp	6.67	$3.12B
ALL Allstate Corp	11.93	$54.44B
TRV Travelers Companies Inc	12.15	$59.97B
SAFT Safety Insurance Group Inc	16.66	$1.18B
HMN Horace Mann Educators Corp	17.45	$1.78B
PGR Progressive Corp	19.46	$164.86B
SIGI Selective Insurance Group Inc	28.38	$5.61B

Frequently asked questions

What is Progressive's PE ratio?

The price to earnings ratio for PGR stock as of Apr 2, 2025, stands at 19.46.

What is the 3-year average PE ratio for Progressive (PGR)?

The average PE ratio for PGR stock over the past 3 years is 49.73.

What is the 5-year average PE ratio for Progressive (PGR)?

The average PE ratio for PGR stock over the past 5 years is 34.73.

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 (Apr 2, 2025), Progressive's stock price is $281.23. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $14.45. Therefore, Progressive's P/E ratio for today is 19.46. PE RATIO(19.46) = STOCK PRICE($281.23) / TTM EPS($14.45)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.