As of Apr 24, 2024, the Progressive stock's PE ratio is 32.1. This results from the current EPS of $6.61 and stock price of $212.2. The P/E ratio has a decrease of 36% from the past four quarters average of 50.3.
The PE ratio of Progressive has averaged 24.57 over the last ten years. The current PE ratio of 32.1 is 31% above 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 above the 10-year historical average, but it is below the 3 and 5-year averages.
PGR's PE ratio is lower than its peer stocks HMN and SAFT, but it is greater than TRV's and SIGI's. Progressive's current PE ratio of 32.1 is above the average of its peers, which is 24.79.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TRV Travelers Companies Inc | 15.75 | $49B |
| SIGI Selective Insurance Group Inc | 17.32 | $6.17B |
| MCY Mercury General Corp | 31.21 | $3.01B |
| PGR Progressive Corp | 31.78 | $123.03B |
| HMN Horace Mann Educators Corp | 33.72 | $1.5B |
| SAFT Safety Insurance Group Inc | 61.56 | $1.17B |
| ALL Allstate Corp | N/A | $45.34B |
The price to earnings ratio for PGR stock as of Apr 24, 2024, stands at 32.1.
The average PE ratio for PGR stock over the past 3 years is 49.6.
The average PE ratio for PGR stock over the past 5 years is 33.57.
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 31% above 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 (Apr 24, 2024), Progressive's stock price is $212.2. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.61. Therefore, Progressive's P/E ratio for today is 32.1. PE RATIO(32.1) = STOCK PRICE($212.2) / TTM EPS($6.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.