Progressive
PGR
#122
Rank
$128.80 B
Marketcap
$219.92
Share price
4.72%
Change (1 day)
80.33%
Change (1 year)

P/E ratio for Progressive (PGR)

P/E ratio as of July 2024 (TTM): 45.5

According to Progressive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 45.4545. 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
2022109503.14%
202118.1-4.41%
202018.976.55%
201910.7-21.01%
201813.6-34.04%
201720.62.48%
201620.136.23%
201514.718.37%
201412.4-11.06%
201314.0-0.58%
201214.116.08%
201112.1-1.2%
201012.37.72%
200911.4-108.46%
2008-135-1266.47%
200711.52.46%
200611.3-31.8%
200516.550.89%
200410.9-24.17%
200314.4-11.28%
200216.3-39.18%
200126.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-21.2-146.56%๐Ÿ‡บ๐Ÿ‡ธ USA
23.3-48.76%๐Ÿ‡บ๐Ÿ‡ธ USA
-30.7-167.64%๐Ÿ‡บ๐Ÿ‡ธ USA
19.1-58.02%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.0001-100.00%๐Ÿ‡บ๐Ÿ‡ธ USA
39.2-13.75%๐Ÿ‡บ๐Ÿ‡ธ USA
-159-449.20%๐Ÿ‡บ๐Ÿ‡ธ 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.