P/E ratio for Progressive (PGR)
P/E ratio as of June 2023 (TTM): 243
According to Progressive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 242.537. At the end of 2021 the company had a P/E ratio of 18.1.
P/E ratio history for Progressive from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 18.1 | 80.53% |
| 2020 | 10.0 | -6.37% |
| 2019 | 10.7 | -19.5% |
| 2018 | 13.3 | -35.25% |
| 2017 | 20.6 | 2.48% |
| 2016 | 20.1 | 34.04% |
| 2015 | 15.0 | 19.29% |
| 2014 | 12.5 | -9.94% |
| 2013 | 13.9 | -3.68% |
| 2012 | 14.5 | 19.33% |
| 2011 | 12.1 | -1.2% |
| 2010 | 12.3 | 8.04% |
| 2009 | 11.4 | -107.9% |
| 2008 | -144 | -1390.81% |
| 2007 | 11.1 | -2.1% |
| 2006 | 11.4 | -31.06% |
| 2005 | 16.5 | 50.02% |
| 2004 | 11.0 | -23.5% |
| 2003 | 14.4 | -12.1% |
| 2002 | 16.4 | -38.36% |
| 2001 | 26.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -12.6 | -105.21% | 🇺🇸 USA |
 The Travelers Companies TRV | 14.8 | -93.89% | 🇺🇸 USA |
 Selective Insurance SIGI | 23.9 | -90.15% | 🇺🇸 USA |
 Safety Insurance
SAFT | 42.4 | -82.50% | 🇺🇸 USA |
 Hallmark Financial Services HALL | -0.0717 | -100.03% | 🇺🇸 USA |
 Mercury General
MCY | -4.56 | -101.88% | 🇺🇸 USA |
 Horace Mann Educators HMN | -151 | -162.17% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.