Market Cap : 71.23 B | Enterprise Value : 77.11 B | PE Ratio : 86.97 | PB Ratio : 4.70 |
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Progressive has the GF Value Rank of 3.
The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.
GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).
We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.
After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
For the Insurance - Property & Casualty subindustry, Progressive's GF Value Rank, along with its competitors' market caps and GF Value Rank 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 GF Value Rank distribution charts can be found below:
* The bar in red indicates where Progressive's GF Value Rank falls into.
Thank you for viewing the detailed overview of Progressive's GF Value Rank 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 |
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