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Progressive (Progressive) EV-to-EBIT : 16.92 (As of May. 18, 2024)


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What is Progressive EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Progressive's Enterprise Value is $127,978 Mil. Progressive's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $7,564 Mil. Therefore, Progressive's EV-to-EBIT for today is 16.92.

The historical rank and industry rank for Progressive's EV-to-EBIT or its related term are showing as below:

PGR' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.14   Med: 11.55   Max: 79.07
Current: 16.92

During the past 13 years, the highest EV-to-EBIT of Progressive was 79.07. The lowest was 7.14. And the median was 11.55.

PGR's EV-to-EBIT is ranked worse than
78.33% of 323 companies
in the Insurance industry
Industry Median: 7.59 vs PGR: 16.92

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Progressive's Enterprise Value for the quarter that ended in Mar. 2024 was $127,869 Mil. Progressive's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $7,564 Mil. Progressive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.92%.


Progressive EV-to-EBIT Historical Data

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.

* Premium members only.

Progressive EV-to-EBIT Chart

Progressive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.78 8.62 14.72 70.82 19.44

Progressive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EV-to-EBIT Get a 7-Day Free Trial 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 67.49 35.10 24.07 19.44 16.91

Competitive Comparison of Progressive's EV-to-EBIT

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's EV-to-EBIT Distribution in the 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 EV-to-EBIT Calculation

Progressive's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=127978.497/7563.9
=16.92

Progressive's current Enterprise Value is $127,978 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,564 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  (NYSE:PGR) EV-to-EBIT Explanation

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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Progressive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 ) =EBIT / Enterprise Value (Q: Mar. 2024 )
=7563.9/127869.26036
=5.92 %

Progressive's Enterprise Value for the quarter that ended in Mar. 2024 was $127,869 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,564 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

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


Progressive (Progressive) Business Description

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 about 18 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 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
Susan Patricia Griffith officer: Chief Human Resource, Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Andrew J Quigg officer: Chief Strategy 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
Daniel P Mascaro officer: Vice Pres, Secretary and CLO C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Stuart B Burgdoerfer director 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jeffrey D Kelly director
John P Sauerland officer: Direct Group, President PROGRESSIVE, 7580 NORTHCLIFF AVE. -- SUITE 1000, BROOKLYN OH 44144
Barbara R Snyder director 127 PUBLIC SQUARE, CLEVELAND OH 44114
Steven Broz officer: Chief Information Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Danelle Marie Barrett director 50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Philip Bleser director 8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Devin C Johnson director 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
Karen Bailo officer: Commercial Lines President 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143

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