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Progressive (Progressive) Price-to-Owner-Earnings : 9.58 (As of May. 24, 2024)


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What is Progressive Price-to-Owner-Earnings?

As of today (2024-05-24), Progressive's share price is $203.18. Progressive's Owner Earnings per Share (TTM) ended in Mar. 2024 was $21.21. It's Price-to-Owner-Earnings for today is 9.58.


The historical rank and industry rank for Progressive's Price-to-Owner-Earnings or its related term are showing as below:

PGR' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.16   Med: 8.61   Max: 19.51
Current: 9.58

During the past 13 years, the highest Price-to-Owner-Earnings of Progressive was 19.51. The lowest was 5.16. And the median was 8.61.


PGR's Price-to-Owner-Earnings is ranked worse than
52.89% of 329 companies
in the Insurance industry
Industry Median: 8.71 vs PGR: 9.58

As of today (2024-05-24), Progressive's share price is $203.18. Progressive's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $9.77. Therefore, Progressive's PE Ratio for today is 20.80.

As of today (2024-05-24), Progressive's share price is $203.18. Progressive's EPS without NRI for the trailing twelve months (TTM) ended in was $9.77. Therefore, Progressive's PE Ratio without NRI for today is 20.80.

During the past 13 years, Progressive's highest PE Ratio without NRI was 97.26. The lowest was 8.40. And the median was 14.94.


Progressive Price-to-Owner-Earnings Historical Data

The historical data trend for Progressive's Price-to-Owner-Earnings 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 Price-to-Owner-Earnings Chart

Progressive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Owner-Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.10 7.14 6.81 17.38 8.86

Progressive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Owner-Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.26 10.58 9.35 8.86 9.75

Competitive Comparison of Progressive's Price-to-Owner-Earnings

For the Insurance - Property & Casualty subindustry, Progressive's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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's Price-to-Owner-Earnings Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Progressive's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Progressive's Price-to-Owner-Earnings falls into.



Progressive Price-to-Owner-Earnings Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Progressive's Price-to-Owner-Earnings for today is calculated as

Price-to-Owner-Earnings=Share Price/Owner Earnings per Share (TTM)
=203.18/21.21
=9.58

* 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) Price-to-Owner-Earnings Explanation

For how to get Owner Earnings per Share (TTM), please click.


Progressive Price-to-Owner-Earnings Related Terms

Thank you for viewing the detailed overview of Progressive's Price-to-Owner-Earnings provided by GuruFocus.com. Please click on the following links to see related term pages.


Progressive (Progressive) Business Description

Traded in Other Exchanges
Address
6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143
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.
Executives
Susan Patricia Griffith officer: Chief Human Resource, Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Andrew J Quigg officer: Chief Strategy Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Lori A Niederst officer: CRM President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Daniel P Mascaro officer: Vice Pres, Secretary and CLO C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Stuart B Burgdoerfer director 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jeffrey D Kelly director
John P Sauerland officer: Direct Group, President PROGRESSIVE, 7580 NORTHCLIFF AVE. -- SUITE 1000, BROOKLYN OH 44144
Barbara R Snyder director 127 PUBLIC SQUARE, CLEVELAND OH 44114
Steven Broz officer: Chief Information Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Danelle Marie Barrett director 50 ENTERPRISE CENTER, KVH INDUSTRIES, INC., MIDDLETOWN RI 02842
Philip Bleser director 8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Devin C Johnson director 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
John Jo Murphy officer: Claims President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Patrick K Callahan officer: Personal Lines President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Karen Bailo officer: Commercial Lines President 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143

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