Progressive Corp

Find Ratings Reports
PGR : NYSE : Financial
$31.96 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 2,801,900
10/24/16 - 4:02 PM ET

Financial Analysis

PROGRESSIVE CORP-OHIO's gross profit margin for the third 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.

During the same period, stockholders' equity ("net worth") has increased by 8.47% from the same quarter last year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit

Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)5930.25269.8
EBITDA ($mil)0.0506.3
EBIT ($mil)293.8464.4
Net Income ($mil)198.7278.3

Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)0.07043.8
Total Assets ($mil)33620.829935.0
Total Debt ($mil)3153.92714.3
Equity ($mil)8094.77462.0

Profitability Q3 FY16 Q3 FY15
Gross Profit Margin4.959.61
EBITDA Margin0.09.6
Operating Margin4.958.81
Sales Turnover0.670.69
Return on Assets2.94.36
Return on Equity12.0817.52
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Interest Expense35.334.5
Interest Coverage8.3213.46

Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)580.8584.54
Div / share0.00.0
Book value / share13.9412.77
Institutional Own % n/a n/a
Avg Daily Volume2776296.02996189.0


BUY. The current P/E ratio indicates a significant discount compared to an average of 42.57 for the Insurance industry and a discount compared to the S&P 500 average of 24.64. Conducting a second comparison, its price-to-book ratio of 2.30 indicates a discount versus the S&P 500 average of 2.73 and a premium versus the industry average of 1.51. The price-to-sales ratio is well below both the S&P 500 average and 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PGR 19.17 Peers 42.57   PGR NA Peers 11.53

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

PGR is trading at a significant discount to 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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
PGR 15.64 Peers 15.20   PGR NM Peers 8.56

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 significant 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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PGR 2.30 Peers 1.51   PGR -24.44 Peers -4.70

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PGR 0.82 Peers 1.37   PGR 10.08 Peers 4.43

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.



Latest Stock Upgrades/Downgrades