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ProgressiveLTS:0KOC +1.09%89 EV-to-EBIT is 8.63 as of Aug. 16, 2026, which is 39% below its 10-year median of 14.11. GuruFocus rates LTS:0KOC with a GF Score™ of 89/100 and a GF Value™ of $279.17 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 345 Insurance companies, Progressive ranks better than 50.14% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Progressive's Enterprise Value for the quarter that ended in Jun. 2026 was $136,248 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,077 Mil.
* 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 EV-to-EBIT Related Terms
Progressive EV-to-EBIT Historical Data
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The historical data trend for Progressive's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Progressive's EV-to-EBIT falls into.
Progressive's current Enterprise Value is $130,065 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,077 Mil.
* 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 (LTS:0KOC) has a EV-to-EBIT of 8.63 as of Aug. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Progressive and its competitors. This is 39% below median its historical median of 14.11. Over the past decade, Progressive's EV-to-EBIT has ranged from 7.14 to 79.04. According to the industry distribution chart, Progressive ranks #172 out of 345 companies in the Insurance industry, placing it in the top 49.9%.
Is Progressive's EV-to-EBIT too high?
Progressive's current EV-to-EBIT of 8.63 is 39% below median its 10-year median of 14.11. Over the past 10 years, this metric has ranged from a low of 7.14 to a high of 79.04. The Insurance industry median EV-to-EBIT is 8.65. Progressive's value of 8.63 is 0.2% below this industry median. Based on the distribution chart, Progressive ranks #172 out of 345 companies in the Insurance industry, which is above the industry midpoint. Overall, Progressive has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Progressive's EV-to-EBIT compare to CB and TRV?
According to the Insurance industry distribution chart, Progressive ranks #172 out of 345 companies for EV-to-EBIT. This puts Progressive in the upper half of its industry. The industry median EV-to-EBIT is 8.65. Progressive's value of 8.63 is 0.2% below this benchmark. Historically, Progressive's own EV-to-EBIT has ranged from 7.14 to 79.04 over the past decade. While the company's 10-year median is 14.11 vs. the industry median of 8.65, Progressive has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Insurance company?
The median EV-to-EBIT among Insurance companies is 8.65, based on 345 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive's current EV-to-EBIT of 8.63 is 0.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Progressive and its competitors. For the Insurance industry, the median EV-to-EBIT is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive's current EV-to-EBIT is 8.63, which is 39% below median its own 10-year median of 14.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive stock overvalued right now?
Based on GuruFocus' analysis, Progressive (LTS:0KOC) is currently considered Modestly Undervalued. The stock's GF Value™ is $279.17, compared to a current price of $210.92 — trading 24.4% below its estimated fair value. The current EV-to-EBIT is 8.63, which is 39% below median its 10-year median of 14.11 and 0.2% below the Insurance industry median of 8.65. Progressive's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Progressive (LTS:0KOC), the current EV-to-EBIT is 8.63 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Progressive (LTS:0KOC) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive stock appears to be undervalued.
The current stock price of $210.92 is trading 24.4% below its estimated GF Value™ of $279.17.
GuruFocus considers Progressive to be Modestly Undervalued.
Key valuation signals for LTS:0KOC:
EV-to-EBIT: 8.63 (39% below median its 10-year median of 14.11)
GF Value™: $279.17 vs. price of $210.92 (24.4% below fair value)
Industry Position: 0.2% below the Insurance median (#172 of 345)
No single metric tells the full story. See the LTS:0KOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 27 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
89GF Score
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