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Progressive Shiller PE Ratio

: 27.44 (As of Today)
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As of today (2022-08-10), Progressive's current share price is $119.66. Progressive's E10 for the quarter that ended in Jun. 2022 was $4.36. Progressive's Shiller PE Ratio for today is 27.44.

The historical rank and industry rank for Progressive's Shiller PE Ratio or its related term are showing as below:

PGR' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.86   Med: 22.22   Max: 33.93
Current: 27.42

During the past years, Progressive's highest Shiller PE Ratio was 33.93. The lowest was 10.86. And the median was 22.22.

PGR's Shiller PE Ratio is ranked worse than
85.44% of 364 companies
in the Insurance industry
Industry Median: 12.54 vs PGR: 27.42

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Progressive's adjusted earnings per share data for the three months ended in Jun. 2022 was $-0.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.36 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Progressive Shiller PE Ratio Historical Data

The historical data trend for Progressive's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progressive Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.49 26.51 25.70 27.22 24.01

Progressive Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.15 22.07 24.01 25.86 26.64

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Progressive's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Progressive Shiller PE Ratio Distribution

For the Insurance industry and Financial Services sector, Progressive's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Progressive's Shiller PE Ratio falls into.



Progressive Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Progressive's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=119.66/4.36
=27.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Progressive's E10 for the quarter that ended in Jun. 2022 is calculated as:

For example, Progressive's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=-0.94/123.3228*123.3228
=-0.940

Current CPI (Jun. 2022) = 123.3228.

Progressive Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.460 97.633 0.581
201212 0.410 96.871 0.522
201303 0.510 98.209 0.640
201306 0.540 98.518 0.676
201309 0.390 98.790 0.487
201312 0.500 98.326 0.627
201403 0.540 99.695 0.668
201406 0.490 100.560 0.601
201409 0.500 100.428 0.614
201412 0.620 99.070 0.772
201503 0.500 99.621 0.619
201506 0.620 100.684 0.759
201509 0.470 100.392 0.577
201512 0.560 99.792 0.692
201603 0.440 100.470 0.540
201606 0.330 101.688 0.400
201609 0.340 101.861 0.412
201612 0.650 101.863 0.787
201703 0.730 102.862 0.875
201706 0.630 103.349 0.752
201709 0.380 104.136 0.450
201712 0.990 104.011 1.174
201803 1.220 105.290 1.429
201806 1.190 106.317 1.380
201809 1.570 106.507 1.818
201812 0.440 105.998 0.512
201903 1.830 107.251 2.104
201906 1.660 108.070 1.894
201909 1.420 108.329 1.617
201912 1.820 108.420 2.070
202003 1.170 108.902 1.325
202006 3.040 108.767 3.447
202009 2.590 109.815 2.909
202012 2.850 109.897 3.198
202103 2.510 111.754 2.770
202106 1.340 114.631 1.442
202109 0.190 115.734 0.202
202112 1.630 117.630 1.709
202203 0.520 121.301 0.529
202206 -0.940 123.323 -0.940

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Progressive  (NYSE:PGR) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Progressive Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Progressive's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Progressive Business Description

Progressive logo
Address
6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143
Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth- largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Executives
Craig Pamela director C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601
Clawson William L. Ii officer: Chief Human Resources Officer C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Kent Remi officer: Chief Marketing Officer 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bauer Jonathan S. officer: Chief Investment Officer 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Marshall Mariann Wojtkun officer: Chief Accounting Officer C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS RD. MAYFIELD VILLAGE OH 44143
Tighe Jan E director C/O GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 10282
Snyder Barbara R director 127 PUBLIC SQUARE CLEVELAND OH 44114
Quigg Andrew J officer: Chief Strategy Officer C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bleser Philip director 8760 CLAY ROAD SUITE 100 HOUSTON TX 77494
Broz Steven officer: Chief Information Officer C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Niederst Lori A officer: CRM President C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bailo Karen officer: Commercial Lines President 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Mascaro Daniel P officer: Vice Pres, Secretary and CLO C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Murphy John Jo officer: Claims President C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Callahan Patrick K officer: Personal Lines President C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143

Progressive Headlines

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