Progressive Corp (PGR · NYSE)
PGR · MARKET VIEW
Market view · as of Oct 12, 2026
Price (last ~year)
Progressive (PGR, NYSE) trades at $217.43 with a $126.20B market cap and a P/E of 10.9, down 0.6% on the day but up 5.7% over three months. The most recent quarter (June 30, 2026) showed revenue of $23.62B and net income of $3.31B, both up sequentially from the prior quarter, and the company beat estimates in three of its last four earnings reports, including a $4.85 print versus $4.70 expected in the latest quarter. August 2026 monthly results showed net income down 22% year over year to $951M despite a 6% rise in net premiums written to $7.605B. Balance-sheet metrics remain solid, with debt/EBITDA at 0.5x, ROE of 34.9%, and trailing-twelve-month free cash flow of $3.47B, while analysts have recently assigned neutral ratings to the stock.
Valuation
- Market cap
- $126.20B
- P/E
- 10.9
- PEG
- 63.46
- P/B
- 3.498
- P/S
- 1.387
- EV/EBITDA
- 21.85
- Beta
- 0.235
- Analyst target
- $232.81
Quality & returns
- Gross margin
- 18.5%
- Operating margin
- 18.2%
- Profit margin
- 12.9%
- ROE
- 34.9%
- ROA
- 7.8%
Price movement
- Last
- $217.43
- 1-month
- -0.0%
- 3-month
- +5.7%
- RSI (14)
- 57
- vs SMA200
- +4.4%
- 52-wk position
- 61.6% -7.2% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $23.62B | $4.21B | $3.31B | $4.38B |
| 2026-03-31 | $22.18B | $3.57B | $2.82B | $3.71B |
| 2025-12-31 | $22.74B | $3.68B | $2.95B | $3.83B |
| 2025-09-30 | $22.51B | $3.32B | $2.62B | $3.47B |
Recent news
- Somewhat-Bullish What Is Drawing Fresh Attention To Hanover Insurance Group (THG)? · 2026-10-11
- Neutral Analysts Offer Insights on Financial Companies: Chubb (CB) and Progressive (PGR) · 2026-10-10
- Neutral Analysts Offer Insights on Financial Companies: Chubb (CB) and Progressive (PGR) · 2026-10-10
- Neutral August results frame the week as Progressive stock trades at EUR 194.00 · 2026-10-10
- Somewhat-Bearish Progressive Corp stock after-hours at EUR 194.00: minus 0.56 percent · 2026-10-09
- Neutral Progressive Corp stock at EUR 194.85 with P/ E 10.9 · 2026-10-09
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)