P/E ratio for Progressive (PGR)
P/E ratio as of May 2024 (TTM): 46.0
According to Progressive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 45.9762. At the end of 2022 the company had a P/E ratio of 109.
P/E ratio history for Progressive from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 109 | 503.14% |
| 2021 | 18.1 | -4.41% |
| 2020 | 18.9 | 76.55% |
| 2019 | 10.7 | -21.01% |
| 2018 | 13.6 | -34.04% |
| 2017 | 20.6 | 2.48% |
| 2016 | 20.1 | 36.23% |
| 2015 | 14.7 | 18.37% |
| 2014 | 12.4 | -11.06% |
| 2013 | 14.0 | -0.58% |
| 2012 | 14.1 | 16.08% |
| 2011 | 12.1 | -1.2% |
| 2010 | 12.3 | 7.72% |
| 2009 | 11.4 | -108.46% |
| 2008 | -135 | -1266.47% |
| 2007 | 11.5 | 2.46% |
| 2006 | 11.3 | -31.8% |
| 2005 | 16.5 | 50.89% |
| 2004 | 10.9 | -24.17% |
| 2003 | 14.4 | -11.28% |
| 2002 | 16.3 | -39.18% |
| 2001 | 26.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -21.4 | -146.59% | 🇺🇸 USA |
 The Travelers Companies TRV | 23.2 | -49.62% | 🇺🇸 USA |
 Selective Insurance SIGI | 18.5 | -59.79% | 🇺🇸 USA |
 Safety Insurance
SAFT | 38.5 | -16.19% | 🇺🇸 USA |
 Hallmark Financial Services HALL | -0.0172 | -100.04% | 🇺🇸 USA |
 Mercury General
MCY | -31.0 | -167.43% | 🇺🇸 USA |
 Horace Mann Educators HMN | -159 | -446.23% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.