Market Cap : 79.73 B | Enterprise Value : 86.26 B | PE Ratio : 116.50 | PB Ratio : 5.02 |
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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:
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 thanE10 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.
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.
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.
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.
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.
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.
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.
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.
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 |
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