Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ProgressiveLTS:0KOC -1.11%85 Equity-to-Asset is 0.28 as of Jun. 2026, which is 12% above its 10-year median of 0.25. GuruFocus rates LTS:0KOC with a GF Score™ of 85/100 and a GF Value™ of $277.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 501 Insurance companies, Progressive ranks better than 55.29% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Progressive's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $34,333 Mil. Progressive's Total Assets for the quarter that ended in Jun. 2026 was $120,804 Mil.
Therefore, Progressive's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.28.
The historical rank and industry rank for Progressive's Equity-to-Asset or its related term are showing as below:
LTS:0KOC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.25 Max: 0.29
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Progressive was 0.29. The lowest was 0.20. And the median was 0.25.
LTS:0KOC's Equity-to-Asset is ranked better than 55.29% of 501
companies
in the Insurance industry
Industry Median: 0.26
vs LTS:0KOC: 0.28
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Progressive Equity-to-Asset Related Terms
Progressive Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Progressive's Equity-to-Asset 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.
LTS:0KOC vs CB, TRV, ALL: Equity-to-Asset Comparison
For the Insurance - Property & Casualty subindustry, Progressive's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Progressive's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Progressive's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.28 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Progressive and its competitors. This is 12% above median its historical median of 0.25. Over the past decade, Progressive's Equity-to-Asset has ranged from 0.20 to 0.29. According to the industry distribution chart, Progressive ranks #224 out of 501 companies in the Insurance industry, placing it in the top 44.7%.
Is Progressive's Equity-to-Asset too high?
Progressive's current Equity-to-Asset of 0.28 is 12% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.29. The Insurance industry median Equity-to-Asset is 0.26. Progressive's value of 0.28 is 7.7% above this industry median. Based on the distribution chart, Progressive ranks #224 out of 501 companies in the Insurance industry, which is above the industry midpoint. Overall, Progressive has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Progressive's Equity-to-Asset compare to CB and TRV?
According to the Insurance industry distribution chart, Progressive ranks #224 out of 501 companies for Equity-to-Asset. This puts Progressive in the upper half of its industry. The industry median Equity-to-Asset is 0.26. Progressive's value of 0.28 is 7.7% above this benchmark. Historically, Progressive's own Equity-to-Asset has ranged from 0.20 to 0.29 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.26, Progressive has consistently been above 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 Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive's current Equity-to-Asset of 0.28 is 7.7% above 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Progressive and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive's current Equity-to-Asset is 0.28, which is 12% above median its own 10-year median of 0.25. 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 $277.82, compared to a current price of $213.64 — trading 23.1% below its estimated fair value. The current Equity-to-Asset is 0.28, which is 12% above median its 10-year median of 0.25 and 7.7% above the Insurance industry median of 0.26. Progressive's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Progressive (LTS:0KOC), the current Equity-to-Asset is 0.28 as of Jun. 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 $213.64 is trading 23.1% below its estimated GF Value™ of $277.82.
GuruFocus considers Progressive to be Modestly Undervalued.
Key valuation signals for LTS:0KOC:
Equity-to-Asset: 0.28 (12% above median its 10-year median of 0.25)
GF Value™: $277.82 vs. price of $213.64 (23.1% below fair value)
Industry Position: 7.7% above the Insurance median (#224 of 501)
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.
85GF Score
Get the complete analysis for LTS:0KOC
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0KOC has been successfully added to your 
