PROGRESSIVE CORP-OHIO's gross profit margin for the first quarter of its fiscal year 2016 has significantly 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 4.97% from the same quarter last year.
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|Income Statement||Q1 FY16||Q1 FY15|
|Net Sales ($mil)||5552.7||4890.0|
|Net Income ($mil)||258.2||295.6|
|Balance Sheet||Q1 FY16||Q1 FY15|
|Cash & Equiv. ($mil)||0.0||6246.7|
|Total Assets ($mil)||30721.6||26880.7|
|Total Debt ($mil)||2701.6||2560.1|
|Profitability||Q1 FY16||Q1 FY15|
|Gross Profit Margin||7.59||10.21|
|Return on Assets||4.0||4.66|
|Return on Equity||16.27||17.43|
|Debt||Q1 FY16||Q1 FY15|
|Share Data||Q1 FY16||Q1 FY15|
|Shares outstanding (mil)||583.0||587.3|
|Div / share||0.89||0.69|
|Book value / share||12.97||12.26|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4048205.0||3564555.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 17.07 for the Insurance industry and a discount compared to the S&P 500 average of 24.13. For additional comparison, its price-to-book ratio of 2.53 indicates valuation on par with the S&P 500 average of 2.75 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 15.72||Peers 17.07||PGR NA||Peers 10.58|
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.
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.
Ratio not available.
|PGR 15.28||Peers 13.54||PGR NM||Peers 1.53|
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 2.53||Peers 1.58||PGR -0.95||Peers 13.12|
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 0.89||Peers 1.34||PGR 9.87||Peers -5.13|
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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