PROGRESSIVE CORP-OHIO's gross profit margin for the third quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 7.59% from the same quarter last year.
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|Income Statement||Q3 FY15||Q3 FY14|
|Net Sales ($mil)||5269.8||4767.0|
|Net Income ($mil)||278.3||296.1|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||7043.8||5268.4|
|Total Assets ($mil)||29935.0||25926.0|
|Total Debt ($mil)||2714.3||2164.3|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||9.61||10.54|
|Return on Assets||4.36||4.66|
|Return on Equity||17.52||17.45|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||584.54||589.2|
|Div / share||0.0||0.0|
|Book value / share||12.77||11.77|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3566026.0||4109852.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 16.89 for the Insurance industry and a discount compared to the S&P 500 average of 22.01. Conducting a second comparison, its price-to-book ratio of 2.45 indicates a discount versus the S&P 500 average of 2.78 and a premium versus the industry average of 1.58. 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 14.16||Peers 16.89||PGR 8.20||Peers 10.51|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
PGR is trading at a discount to 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 discount to its peers.
|PGR 15.65||Peers 14.41||PGR NM||Peers 1.06|
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 2.45||Peers 1.58||PGR 8.86||Peers -1.22|
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.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
PGR is expected to have an earnings growth rate that significantly exceeds its peers.
|PGR 0.89||Peers 1.31||PGR 9.51||Peers -1.36|
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.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
PGR has a sales growth rate that significantly exceeds its peers.
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