Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Progressive's share price for the quarter that ended in Mar. 2026 was $198.17. Progressive's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 584 Mil. Therefore, Progressive's market cap for the quarter that ended in Mar. 2026 was $115,811 Mil.
Progressive's quarterly market cap
declined
from Sep. 2025 ($144,037 Mil) to Dec. 2025 ($134,358 Mil) and
declined
from Dec. 2025 ($134,358 Mil) to Mar. 2026 ($115,811 Mil).
Progressive's annual market cap
increased
from Dec. 2023 ($93,145 Mil) to Dec. 2024 ($140,368 Mil) but then
declined
from Dec. 2024 ($140,368 Mil) to Dec. 2025 ($134,358 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Progressive's Enterprise Value for Today is $135,406 Mil.
Progressive (LTS:0KOC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Progressive Market Cap Related Terms
Progressive Market Cap Historical Data
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The historical data trend for Progressive's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's Market Cap distribution charts can be found below:
* The bar in red indicates where Progressive's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Progressive's Market Cap 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 Market Cap of $127,182 Mil as of Jul. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Progressive and its competitors. According to the industry distribution chart, Progressive ranks #6 out of 524 companies in the Insurance industry, placing it in the top 1.1%.
Is Progressive's Market Cap too high?
Progressive's current Market Cap is $127,182 Mil. The Insurance industry median Market Cap is 668.35. Progressive's value of $127,182 Mil is 18929.2% above this industry median. Based on the distribution chart, Progressive ranks #6 out of 524 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Progressive has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Progressive's Market Cap compare to CB and TRV?
According to the Insurance industry distribution chart, Progressive ranks #6 out of 524 companies for Market Cap. This places Progressive in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 668.35. Progressive's value of $127,182 Mil is 18929.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Insurance company?
The median Market Cap among Insurance companies is 668.35, based on 524 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive's current Market Cap of $127,182 Mil is 18929.2% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Progressive and its competitors. For the Insurance industry, the median Market Cap is 668.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive's current Market Cap is $127,182 Mil. 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 $275.03, compared to a current price of $220.23 — trading 19.9% below its estimated fair value. The current Market Cap is $127,182 Mil and 18929.2% above the Insurance industry median of 668.35. Progressive's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Progressive (LTS:0KOC), the current Market Cap is $127,182 Mil as of Jul. 01, 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 $220.23 is trading 19.9% below its estimated GF Value™ of $275.03.
GuruFocus considers Progressive to be Modestly Undervalued.
Key valuation signals for LTS:0KOC:
Market Cap: $127,182 Mil
GF Value™: $275.03 vs. price of $220.23 (19.9% below fair value)
Industry Position: 18929.2% above the Insurance median (#6 of 524)
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.
87GF Score
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