PROGRESSIVE CORP-OHIO's gross profit margin for the first 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 11.85% from the same quarter last year.
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|Income Statement||Q1 FY15||Q1 FY14|
|Net Sales ($mil)||4890.0||4703.5|
|Net Income ($mil)||295.6||321.3|
|Balance Sheet||Q1 FY15||Q1 FY14|
|Cash & Equiv. ($mil)||6246.7||3844.0|
|Total Assets ($mil)||26880.7||24315.4|
|Total Debt ($mil)||2560.1||1861.3|
|Profitability||Q1 FY15||Q1 FY14|
|Gross Profit Margin||10.21||11.3|
|Return on Assets||4.66||4.84|
|Return on Equity||17.43||18.29|
|Debt||Q1 FY15||Q1 FY14|
|Share Data||Q1 FY15||Q1 FY14|
|Shares outstanding (mil)||587.3||593.1|
|Div / share||0.69||1.49|
|Book value / share||12.26||10.86|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3329667.0||3537335.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 14.92 for the Insurance industry and a discount compared to the S&P 500 average of 20.83. Conducting a second comparison, its price-to-book ratio of 2.23 indicates a discount versus the S&P 500 average of 2.88 and a premium versus the industry average of 1.63. 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 12.96||Peers 14.92||PGR 8.72||Peers 10.61|
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 14.04||Peers 13.96||PGR NM||Peers 1.07|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
PGR is trading at a valuation on par with 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 2.23||Peers 1.63||PGR 7.10||Peers 20.61|
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.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, PGR is expected to significantly trail its peers on the basis of its earnings growth rate.
|PGR 0.82||Peers 1.24||PGR 6.16||Peers 11.61|
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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