Company Valuation: Progressive Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 60,057 75,889 93,173 140,366 133,534 124,111 - -
Change - 26.36% 22.77% 50.65% -4.87% -7.06% - -
Enterprise Value (EV) 60,057 79,212 99,976 140,366 133,534 124,111 124,111 124,111
Change - 31.9% 26.21% 40.4% -4.87% -7.06% 0% 0%
P/E 18.1x 110x 24.2x 16.6x 11.8x 11.5x 13x 13.2x
PBR 3.38x 4.93x 4.71x 5.49x 4.4x 3.47x 3.01x 2.69x
PEG - -1.4x 0x 0x 0.4x -3.33x -1.1x -8.17x
Capitalization / Revenue 1.29x 1.49x 1.51x 1.89x 1.61x 1.42x 1.34x 1.27x
EV / Revenue 0x 0x 0x 0x 0x 1.42x 1.34x 1.27x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x - 11.7x 13.1x 13.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.9 0.4 1.15 4.9 13.9 9.205 7.234 7.118
Rate of return 1.85% 0.31% 0.72% 2.04% 6.1% 4.31% 3.39% 3.33%
EPS 2 5.66 1.18 6.58 14.4 19.23 18.57 16.41 16.15
Distribution rate 33.6% 33.9% 17.5% 34% 72.3% 49.6% 44.1% 44.1%
Net sales 1 46,405 51,081 61,550 74,424 83,174 87,422 92,493 97,915
EBITDA - - 5,472 - - - - -
EBIT 1 4,429 1,166 5,172 10,992 - 10,624 9,496 9,406
Net income 1 3,351 721.5 3,902 8,480 11,308 10,906 9,491 9,279
Net Debt - 3,323 6,804 - - - - -
Reference price 2 102.65 129.71 159.28 239.61 227.72 213.48 213.48 213.48
Nbr of stocks (in thousands) 585,064 585,070 584,961 585,812 586,397 581,372 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.52x - - 4.31% 124B
7.42x0.6x - 5.19% 47.46B
15.82x2.7x16.91x4.21% 15.58B
19.89x2.45x - 5.67% 13.86B
6.88x - - 1.26% 5.59B
11.07x - - 5.71% 3.52B
76.04x - - - 1.42B
9.64x1.05x3.7x6.54% 1.28B
Average 19.78x 1.70x 10.30x 4.7% 26.6B
Weighted average by Cap. 11.76x 1.35x 15.91x 4.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. PGR Stock
  4. Valuation Progressive Corporation
-40%: Exceptional extension
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