Market Cap : 70.71 B | Enterprise Value : 77.36 B | PE Ratio : 86.35 | PB Ratio : 4.66 |
---|
NYSE:PGR has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:PGR has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2022-08-11), Progressive's share price is $120.89. Progressive's Book Value per Share for the quarter that ended in Jun. 2022 was $25.92. Hence, Progressive's PB Ratio of today is 4.66.
Warning Sign:
Progressive Corp stock PB Ratio (=4.66) is close to 10-year high of 4.66
The historical rank and industry rank for Progressive's PB Ratio or its related term are showing as below:
During the past 13 years, Progressive's highest PB Ratio was 4.66. The lowest was 1.79. And the median was 2.69.
PGR's PB Ratio is ranked worse thanDuring the past 12 months, Progressive's average Book Value Per Share Growth Rate was -16.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 18.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Progressive was 58.90% per year. The lowest was -7.00% per year. And the median was 15.50% per year.
The historical data trend for Progressive's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB Ratio 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.
For the Insurance industry and Financial Services sector, Progressive's PB Ratio distribution charts can be found below:
* The bar in red indicates where Progressive's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Progressive's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Jun. 2022) |
= | 120.89 | / | 25.917 | |
= | 4.66 |
* 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.
It can also be calculated from the numbers for the whole company:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Progressive's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Craig Pamela | director | C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601 |
Clawson William L. Ii | officer: Chief Human Resources Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Kent Remi | officer: Chief Marketing Officer | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bauer Jonathan S. | officer: Chief Investment Officer | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Marshall Mariann Wojtkun | officer: Chief Accounting Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS RD. MAYFIELD VILLAGE OH 44143 |
Tighe Jan E | director | C/O GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 10282 |
Snyder Barbara R | director | 127 PUBLIC SQUARE CLEVELAND OH 44114 |
Quigg Andrew J | officer: Chief Strategy Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bleser Philip | director | 8760 CLAY ROAD SUITE 100 HOUSTON TX 77494 |
Broz Steven | officer: Chief Information Officer | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Niederst Lori A | officer: CRM President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Bailo Karen | officer: Commercial Lines President | 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Mascaro Daniel P | officer: Vice Pres, Secretary and CLO | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Murphy John Jo | officer: Claims President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
Callahan Patrick K | officer: Personal Lines President | C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143 |
From GuruFocus
By GuruFocusNews 03-03-2022
By GlobeNewswire 03-03-2022
By GuruFocusNews 01-26-2022
Other Sources
By Zacks 2022-02-10
By Zacks 2022-02-25
By Zacks 2022-02-03
By tipranks.com 2022-02-16
By Zacks 2022-02-03
By Zacks 2022-02-17
By Zacks 2022-02-04
By tipranks.com 2022-03-01
By tipranks.com 2022-04-03
By Zacks 2022-02-07
By Zacks 2022-03-01
By tipranks.com 2022-03-16
By Zacks 2022-03-29
By Zacks 2022-02-16