Stock Analysis
Progressive CorporationPGR
P/E 10.86×· 5Y range 9.67–102.24×· bottom 9% of history
Sector: Financial Services · Industry: Fire, Marine & Casualty Insurance
AnalystsHold31 analystsP/E 10.9× sits at the 9th percentile of its 5.0978781656399725-year history.
Cash covers 2% of debt · Q2 2026.
PMP Verdict
Strong business, attractive price
Strengths
- Profitability90
- Quality85
Risks
- Financial Health48
High-quality business at an attractive price.
Market context
+2.2% today· Z 1.3σ
Bull Case
- ✓ROE 34.1% — efficient capital deployment
- ✓Revenue CAGR 16.4% — durable top-line growth
- ✓Interest coverage 50.2× — debt well covered
- ✓P/E 10.9× at bottom 9% of 5-year history
What's happening with PGR
Profile
Strong valuation, profitability and earnings quality; financial health lags behind.
How is each axis scored?
- Valuation100/100 · Strong
- P/E vs own history (9th pct)25/25
- FCF yield (12.6%)25/25
- P/S (1.4x)25/25
- EV/EBIT (9.0x)25/25
- Growth70/100 · Moderate
- Revenue CAGR (16.4%)20/25
- Net income CAGR (35.5%)25/25
- EPS CAGR 5Y (35.5%)25/25
- Fwd implied growth (-12.1%)0/25
- Profitability90/100 · Strong
- ROIC (27.7%)25/25
- ROE (34.1%)25/25
- Net margin (12.8%)20/25
- Operating margin (16.4%)20/25
- Financial Health48/100 · Weak
- Altman Z (0.94)3/25
- Current ratio (0.08)0/25
- Interest coverage (50.2x)25/25
- Net cash / debt (D/A 7%)20/25
- Quality85/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.55)25/25
- FCF conversion (136%)25/25
- Margin stability (σ 6.5%)20/25
- Moat57/100 · Moderate
- ROIC >12% years (4/5 yrs)20/25
- Median gross margin (n/a)0/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 1.5%)12/25
Risk Flags
- ⚠Altman Z 0.9 — distress-zone balance sheet
About Progressive Corporation
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United States. Show more
Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Headquarters: MAYFIELD VILLAGE, OH · Employees: 70,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
100A+P/E (TTM)10.9xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 9.7x–102.2x · 9th pct
P/FCF7.8xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield12.6%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 7.1%–16.3% · 72nd pct
P/S (TTM)1.39xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.1x–2.4x · 26th pct
EV/EBIT9.0xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 8.2x–9.7x · 67th pct
EV/Sales1.5xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E12.3xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.69xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio34.61D
Grade D: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield6.55%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio69.7%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
90A+ROIC27.7%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE34.1%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA9.5%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.8%A
Grade A: HighNet Income / Revenue
Operating Margin16.4%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin—
Gross Profit / Revenue
FCF Margin17.5%A
Grade A: HighFCF / Revenue
True FCF Margin17.4%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
70B+Revenue CAGR16.4%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR35.5%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)35.5%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-12.1%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-1.0%B
Grade B: FlatShare count change over 5Y
SBC / Net Income1.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.1%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
48D+Altman Z-Score0.94D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.08xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.04xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage50.2xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment0.5yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT0.5xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.24xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.02xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
85APiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.55A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion136.4%A
Grade A: StrongFCF / Net Income
Margin Stability6.5%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue0.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.74xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
DAY HEATHER E Filed | DAY HEATHER E | Grant / award | +3 | |
WITALEC DANIEL J Filed | WITALEC DANIEL J | Grant / award | +3 | |
Pumarejo Maribel Filed | Pumarejo Maribel | Grant / award | +4 | |
Joyce Carl G Filed | Joyce Carl G | Grant / award | +1 | |
Stringer David M Filed | Stringer David M | Grant / award | 0 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Stringer David M Filed | Stringer David M | Grant / award | +4 | |
Clawson William L. II Filed | Clawson William L. II | Grant / award | +5 | |
Bailo Karen Filed | Bailo Karen | Grant / award | +7 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
57CROIC >12% Years4/5 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor1.5%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$20.13
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.21
Cash & short-term investments per share (Finnhub)
Book Value / Share$59.09
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$8.39B
Total debt obligations (short + long term)
Cash & Equiv.$178.00M
Cash and short-term investments
Net Debt$8.21B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$34.33B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$126.82B
Current Market Capitalization
Beta0.23B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Progressive Corporation (PGR)
PGR is up 2.22% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Progressive Corporation. Altman Z-Score of 0.94 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.55 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 16% annually, with net income growing about 36% per year — a strong growth profile.
- Progressive Corporation converts about 18% of revenue into free cash flow — strong cash generation.
- Takes ~0.5 years to repay net debt from free cash flow.
- At a valuation score of 100/100, PGR trades near the cheapest end of its own historical range (P/E 10.9).
- Return on equity of 34.1% is well above the market average.
- The stock currently yields 6.6% in dividends.
See how PGR ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all PGR moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Pre-market | 207.63 | -6.84% | -5.40 |
| Oct 14 | Regular | 213.00 | -4.43% | -3.50 |
| Oct 14 | After-hours | 213.46 | -4.23% | -3.34 |
| Sep 22 | Regular | 206.84 | -2.55% | -2.04 |
Frequently Asked Questions about PGR
What is the current Progressive Corporation (PGR) stock price?
PGR is trading at $218.49 at the last market close, up 2.22% on the session. PreMarketPrice tracks PGR pre-market, intraday and after-hours prices.
Is PGR stock a buy right now?
PreMarketPrice's quantitative model rates Progressive Corporation's financial health at 48/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is PGR stock overvalued?
Progressive Corporation trades at a trailing P/E of 10.9 and our valuation score rates it 100/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Progressive Corporation report earnings?
No confirmed earnings date is currently scheduled for PGR. The Earnings section lists recent reports and updates as dates are announced.
What sector does Progressive Corporation operate in?
Progressive Corporation operates in the Financial Services sector, within the Fire, Marine & Casualty Insurance industry. The Related Stocks section lists sector peers for comparison.
What does Progressive Corporation do?
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United States.
About Progressive Corporation (PGR) Stock
Progressive Corporation (PGR) is a US-listed stock operating in the Financial Services sector, specifically the Fire, Marine & Casualty Insurance industry. As of the latest update, Progressive Corporation is trading at $218.49, up 2.22% on the day with a market capitalization of $126.8 billion. The financial health score for PGR is 48/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for PGR stock.
PGR Stock Analysis & Key Metrics
On PreMarketPrice, you can track Progressive Corporation (PGR) across multiple dimensions:
- Pre-market price & movement: Real-time PGR stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for PGR with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Progressive Corporation across multiple reporting periods.
- Financial health score: A composite score of 48/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for PGR.
- Sector peers: Compare PGR against 6 other financial services stocks on key financial metrics.
Is PGR a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Progressive Corporation (PGR) as an investment. The financial health score of 48/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Progressive Corporation (PGR) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.