EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Progressive's enterprise value is $128,295 Mil.
Progressive's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $7,790 Mil. Therefore, Progressive's EV-to-EBITDA for today is 16.47.
The historical rank and industry rank for Progressive's EV-to-EBITDA or its related term are showing as below:
PGR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.87 Med: 10.79 Max: 61.35
Current: 23.42
During the past 13 years, the highest EV-to-EBITDA of Progressive was 61.35. The lowest was 6.87. And the median was 10.79.
PGR's EV-to-EBITDA is ranked worse than 85.63% of 327
companies
in the Insurance industry
Industry Median: 7.37
vs PGR: 23.42
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2024-04-16), Progressive's stock price is $208.62.
Progressive's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $6.580. Therefore, Progressive's PE Ratio for today is 31.71.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio.
Progressive EV-to-EBITDA Historical Data
The historical data trend for Progressive's EV-to-EBITDA 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
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
EV-to-EBITDA
8.31
8.25
13.68
54.95
18.37
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-EBITDA
54.33
31.03
22.22
18.37
-
Competitive Comparison
For the Insurance - Property & Casualty subindustry, Progressive's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA Distribution
For the Insurance industry and Financial Services sector, Progressive's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Progressive's EV-to-EBITDA falls into.
Progressive EV-to-EBITDA Calculation
Progressive's EV-to-EBITDA for today is calculated as:
Progressive's current Enterprise Value is $128,295 Mil.
Progressive's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,790 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-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Progressive's PE Ratio for today is calculated as:
Progressive's share price for today is $208.62.
Progressive's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.580.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio.
Thank you for viewing the detailed overview of Progressive's EV-to-EBITDA 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 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.
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