EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Progressive's Enterprise Value is $86,472 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $1,166 Mil. Therefore, Progressive's EV-to-EBIT for today is 74.19.
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: 6.95 Med: 11.05 Max: 79.07
Current: 74.19
During the past 13 years, the highest EV-to-EBIT of Progressive was 79.07. The lowest was 6.95. And the median was 11.05.
PGR's EV-to-EBIT is ranked worse than 96.82% of 283
companies
in the Insurance industry
Industry Median: 7.86
vs PGR: 74.19
Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Progressive's Enterprise Value for the quarter that ended in Dec. 2022 was $82,546 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $1,166 Mil. Progressive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 1.41%.
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 Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
EV-to-EBIT
12.02
8.78
8.62
14.72
70.82
Progressive Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
EV-to-EBIT
14.72
24.85
56.55
55.92
70.82
Competitive Comparison
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 Distribution
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 in comparison to its industry or sector. The grey bar indicates the EV-to-EBIT's extreme value range as defined by GuruFocus.
Progressive EV-to-EBIT Calculation
Progressive's EV-to-EBIT for today is calculated as:
Progressive's current Enterprise Value is $86,472 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,166 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.
Progressive's Enterprise Value for the quarter that ended in Dec. 2022 was $82,546 Mil.
Progressive's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,166 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 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.
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