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:
PGR'
s PB Ratio Range Over the Past 10 Years
Min: 1.79 Med: 2.69 Max: 4.66
Current: 4.66
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 than 93.57% of 498
companies
in the Insurance industry
Industry Median: 1.12
vs PGR: 4.66
During 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.
Back to Basics: PB Ratio
Progressive PB Ratio Historical Data
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.
* Premium members only.
Progressive Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
PB Ratio
3.53
3.41
3.21
3.50
3.38
Progressive Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
PB Ratio
3.16
2.93
3.38
4.03
4.49
Competitive Comparison
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.
Progressive PB Ratio Distribution
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.
Progressive PB Ratio Calculation
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:
* 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:
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.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
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.
Progressive PB Ratio Related Terms
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.
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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