Progressive Corporation (PGR) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
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 Sta...
Progressive Corporation (PGR) currently trades at a P/E ratio of 10.86 (historical range: 9.67–102.24, median: 19.13), placing it at the 9th percentile — cheap relative to its history, P/S ratio of 1.39 (range: 1.13–2.38, 26th percentile — below its historical average), EV/EBITDA of 9.05 (range: 8.20–9.67, 67th percentile).
Over the historical period (2021-09-10 to 2026-10-16), Progressive Corporation's P/E ratio has contracted by 70% over the observed period (from an average of 52.4 to 15.5).
Progressive Corporation trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 10.86 | 19.13 | 9th | cheap relative to its history |
| P/S Ratio | 1.39 | 1.55 | 26th | below its historical average |
| EV/EBITDA | 9.05 | 8.87 | 67th | above its historical average |
| FCF Yield | 12.56% | 10.03% | 72th | below its historical average |
Progressive Corporation (PGR) Valuation & P/E History
Progressive Corporation (PGR) is a US-listed stock operating in the Financial Services sector, specifically the Fire, Marine & Casualty Insurance industry currently trading at $218.50 with a market capitalization of $126.8 billion. This page provides historical valuation analysis for PGR based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 10.86 is below the historical median of 19.13, placing PGR at the 9th percentile of its valuation range. The P/S ratio of 1.39 compares to a median of 1.55.
PGR Valuation Metrics & Historical Range
The valuation table above shows Progressive Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether PGR is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests PGR is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Progressive Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is PGR Overvalued or Undervalued?
Progressive Corporation trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 34 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive PGR is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full PGR analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.PGR trades on NYSE. This page is for informational purposes only and is not financial advice.