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Progressive (NYSE:PGR) Shiller PE Ratio

: 31.05 (As of Today)
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As of today (2023-02-05), Progressive's current share price is $136.31. Progressive's E10 for the quarter that ended in Sep. 2022 was $4.39. Progressive's Shiller PE Ratio for today is 31.05.

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: 11.68   Med: 23.38   Max: 33.93
Current: 31.02

During the past years, Progressive's highest Shiller PE Ratio was 33.93. The lowest was 11.68. And the median was 23.38.

PGR's Shiller PE Ratio is ranked worse than
89.27% of 354 companies
in the Insurance industry
Industry Median: 12.25 vs PGR: 31.02

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 Sep. 2022 was $0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.39 for the trailing ten years ended in Sep. 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 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.51 25.70 27.22 24.01 -

Progressive Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 24.01 25.86 26.27 26.45 -

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 in comparison to its industry or sector. The grey bar indicates the Shiller PE Ratio's extreme value range as defined by GuruFocus.



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
=136.31/4.39
=31.05

* 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 Sep. 2022 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0.2/125.2265*125.2265
=0.200

Current CPI (Sep. 2022) = 125.2265.

Progressive Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201212 0.410 96.871 0.530
201303 0.510 98.209 0.650
201306 0.540 98.518 0.686
201309 0.390 98.790 0.494
201312 0.500 98.326 0.637
201403 0.540 99.695 0.678
201406 0.490 100.560 0.610
201409 0.500 100.428 0.623
201412 0.620 99.070 0.784
201503 0.500 99.621 0.629
201506 0.620 100.684 0.771
201509 0.470 100.392 0.586
201512 0.560 99.792 0.703
201603 0.440 100.470 0.548
201606 0.330 101.688 0.406
201609 0.340 101.861 0.418
201612 0.650 101.863 0.799
201703 0.730 102.862 0.889
201706 0.630 103.349 0.763
201709 0.380 104.136 0.457
201712 0.990 104.011 1.192
201803 1.220 105.290 1.451
201806 1.190 106.317 1.402
201809 1.570 106.507 1.846
201812 0.440 105.998 0.520
201903 1.830 107.251 2.137
201906 1.660 108.070 1.924
201909 1.420 108.329 1.641
201912 1.820 108.420 2.102
202003 1.170 108.902 1.345
202006 3.040 108.767 3.500
202009 2.590 109.815 2.953
202012 2.850 109.897 3.248
202103 2.510 111.754 2.813
202106 1.340 114.631 1.464
202109 0.190 115.734 0.206
202112 1.630 117.630 1.735
202203 0.520 121.301 0.537
202206 -0.940 125.017 -0.942
202209 0.200 125.227 0.200

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 (NYSE:PGR) Business Description

Progressive logo
Traded in Other Exchanges
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
Pamela Craig 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
Remi Kent officer: Chief Marketing Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jonathan S. Bauer officer: Chief Investment Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Mariann Wojtkun Marshall officer: Chief Accounting Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS RD., MAYFIELD VILLAGE OH 44143
Jan E Tighe director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Barbara R Snyder director 127 PUBLIC SQUARE, CLEVELAND OH 44114
Andrew J Quigg officer: Chief Strategy Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Philip Bleser director 8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Steven Broz officer: Chief Information Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Lori A Niederst officer: CRM President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Karen Bailo officer: Commercial Lines President 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Daniel P Mascaro officer: Vice Pres, Secretary and CLO C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
John Jo Murphy officer: Claims President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Patrick K Callahan officer: Personal Lines President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143

Progressive (NYSE:PGR) Headlines

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