# The Progressive Corporation (PGR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Insurance. Price $218.95, market value $127.2 billion.

## Valuation
- **P/E (trailing): 11.0×** (5-yr avg 33.1×, 3-yr avg 16.2×). The Progressive Corporation trades at 11.0× trailing earnings, well below its own five-year average of 33.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.4×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.40**. A PEG of 0.40 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 12.5%** (5-yr avg 12.1%). Free cash flow equals 12.5% of the market value, in line with its five-year average of 12.1%. Above 5% is generally attractive.
- **Earnings yield: 9.1%**. The inverse of the P/E: 9.1% of the price is earned each year.

## Profitability
- **Net margin: 12.9%**. 12.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 37.3%**. 37.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 9.5%**. Each dollar of assets produces 9.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 16.3%** (3-yr 20.9%/yr, 5-yr 15.5%/yr). Revenue grew 16.3% over the last year, against 15.5% a year compounded over five years.
- **EPS growth (1 yr): 33.5%** (3-yr 153.5%/yr, 5-yr 14.8%/yr). Earnings per share rose 33.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 37.9%/yr**. Free cash flow has compounded at 37.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.18%** ($0.40 per share, trailing). The Progressive Corporation yields 0.18%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%** (51% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): 13.1%/yr** (1-yr 326.1%). The dividend has compounded at 13.1% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: hold** (21 analysts). 21 analysts cover The Progressive Corporation; the consensus is hold, with an average price target of $232.00 (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.4%** (YTD 2.4%, 3-mo 7.4%). The shares are down 6.4% over twelve months including dividends.
- **From 52-week high: -12.3%** (15.7% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): -0.45** (volatility 26%). Beta of -0.45 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PGR · Page: https://foliofundamentals.com/stocks/pgr

Not investment advice.