PROGRESSIVE CORP-OHIO's gross profit margin for the fourth quarter of its fiscal year 2014 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 11.94% from the same quarter last year.
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|Income Statement||Q4 FY14||Q4 FY13|
|Net Sales ($mil)||5171.3||4614.5|
|Net Income ($mil)||370.2||299.8|
|Balance Sheet||Q4 FY14||Q4 FY13|
|Cash & Equiv. ($mil)||5474.8||3205.3|
|Total Assets ($mil)||25787.6||24408.2|
|Total Debt ($mil)||2164.7||1860.9|
|Profitability||Q4 FY14||Q4 FY13|
|Gross Profit Margin||11.63||10.38|
|Return on Assets||4.96||4.77|
|Return on Equity||18.48||18.82|
|Debt||Q4 FY14||Q4 FY13|
|Share Data||Q4 FY14||Q4 FY13|
|Shares outstanding (mil)||587.8||595.8|
|Div / share||0.0||0.0|
|Book value / share||11.79||10.39|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3264097.0||3236687.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 15.30 for the Insurance industry and a discount compared to the S&P 500 average of 19.41. Conducting a second comparison, its price-to-book ratio of 2.28 indicates a discount versus the S&P 500 average of 2.74 and a premium versus the industry average of 1.60. 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 12.53||Peers 15.30||PGR 9.17||Peers 10.22|
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 14.17||Peers 13.61||PGR NM||Peers 1.08|
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 2.28||Peers 1.60||PGR 10.82||Peers 27.68|
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 1.21||PGR 6.72||Peers 15.11|
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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