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PGR Progressive PE ratio, current and historical analysis

As of May 22, 2024, the Progressive stock's PE ratio is 21.06. This results from the current EPS of $9.8 and stock price of $206.34. The P/E ratio has a decrease of 30% from the past four quarters average of 30.2.

PGR PE ratio history

How has PGR's PE ratio performed in the past

The PE ratio of Progressive has averaged 24.48 over the last ten years. The current PE ratio of 21.06 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.

Average
24.48
Median
15.12
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 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

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
47.23
5-year avg
32.95
10-year avg
24.48
15-year avg
20.8

PGR PE vs peers

What is PGR's PE ratio compared to its peers

PGR's PE ratio is lower than its peer stocks ALL and HMN, but it is greater than TRV's and SIGI's. Progressive's current PE ratio of 21.06 is above the average of its peers, which is 18.51.

Stock name PE ratio Market cap
MCY Mercury General Corp 15.18 $3.27B
TRV Travelers Companies Inc 15.93 $49.59B
SIGI Selective Insurance Group Inc 17.06 $5.91B
PGR Progressive Corp 21.06 $120.85B
HMN Horace Mann Educators Corp 21.75 $1.4B
SAFT Safety Insurance Group Inc 22.63 $1.17B
ALL Allstate Corp 35.97 $43.85B

Frequently asked questions

What is Progressive's PE ratio?

The price to earnings ratio for PGR stock as of May 22, 2024, stands at 21.06.

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

The average PE ratio for PGR stock over the past 3 years is 47.23.

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

The average PE ratio for PGR stock over the past 5 years is 32.95.

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 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 (May 22, 2024), Progressive's stock price is $206.34. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $9.8. Therefore, Progressive's P/E ratio for today is 21.06. PE RATIO(21.06) = STOCK PRICE($206.34) / TTM EPS($9.8)

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