PROGRESSIVE CORP-OHIO's gross profit margin for the second quarter of its fiscal year 2014 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.06% from the same quarter last year.
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|Income Statement||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||4735.5||4589.2|
|Net Income ($mil)||293.4||324.6|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||5165.0||3860.4|
|Total Assets ($mil)||25452.7||23841.8|
|Total Debt ($mil)||2208.0||2063.9|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||10.37||11.81|
|Return on Assets||4.5||4.86|
|Return on Equity||16.89||17.77|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||591.5||600.4|
|Div / share||0.0||0.0|
|Book value / share||11.48||10.87|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3753614.0||4166171.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 13.51 for the Insurance industry and a discount compared to the S&P 500 average of 19.94. Conducting a second comparison, its price-to-book ratio of 2.22 indicates a discount versus the S&P 500 average of 2.76 and a premium versus the industry average of 1.39. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. The valuation analysis reveals that, PROGRESSIVE CORP-OHIO seems to be trading at a discount to investment alternatives within the industry.
|PGR 13.27||Peers 13.51||PGR 8.34||Peers 12.13|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
PGR is trading at a valuation on par with its peers.
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
PGR is trading at a significant discount to its peers.
|PGR 14.72||Peers 13.07||PGR NM||Peers 0.79|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
PGR is trading at a premium to its peers.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
PGR's negative PEG ratio makes this valuation measure meaningless.
|PGR 2.22||Peers 1.39||PGR 0.00||Peers 184.47|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
PGR is trading at a significant premium to its peers.
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
The growth rate for PGR is not available.
|PGR 0.81||Peers 1.15||PGR 4.41||Peers 11.32|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
PGR is trading at a significant discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
PGR significantly trails its peers on the basis of sales growth
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