Stock AnalizProgressive Corp. PGR
Property-Casualty Insurers · data as of November 13, 2026
Progressive Corp. (PGR) is a financial company listed in the US with a market value of about $136.6B. In the twelve months to September 30, 2026 it had revenue of $91.7B and net income of $11.6B, a net margin of 12.7%.
Its overall Stock Analiz score is 3.6 out of 5 (good). The strongest part is value (4/5); the weakest is financial health (3/5).
Key numbers: a P/E of 11.9, a price to free cash flow of 9.0, 5-year revenue growth of 16% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 44% below the current price.
Score: 3.6 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- Strong R&D investment or growth above 20%
- 5-year average ROIC above 12%
- Interest covered more than 5 times
- Liabilities below 60% of assets
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.7B | $87.7B | $75.4B | $62.1B | $49.6B | $47.7B | $42.7B | $39.0B | $32.0B | $26.8B | $23.4B |
| Net income | $11.6B | $11.3B | $8.5B | $3.9B | $722M | $3.4B | $5.7B | $4.0B | $2.6B | $1.6B | $1.0B |
| Free cash flow | $15.2B | $17.2B | $14.8B | $10.4B | $6.6B | $7.5B | $6.7B | $5.9B | $6.0B | $3.6B | $2.5B |
| EPS (diluted) | $19.86 | $19.23 | $14.40 | $6.58 | $1.18 | $5.66 | $9.66 | $6.72 | $4.42 | $2.72 | $1.76 |
| Net margin | 12.7% | 12.9% | 11.2% | 6.3% | 1.5% | 7.0% | 13.4% | 10.2% | 8.2% | 5.9% | 4.4% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $232.38, 1% below the current price; targets range from $196.00 to $262.00; the consensus rating is “Hold”; expected EPS is $18.44 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Progressive’s P/E ratio?
About 11.9, based on the last twelve months of diluted earnings per share (forward P/E about 14.2).
Is Progressive stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 44% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Progressive pay a dividend?
Yes. The dividend yield is about 0.17%, and it has paid dividends for 10 years in our data.
Is Progressive a good stock to buy?
We do not give buy or sell advice. Progressive scores 3.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.