Progressive Fundamentals

PGR
 Stock
  

USD 117.14  1.34  1.13%   

Progressive Corp fundamentals help investors to digest information that contributes to Progressive Corp's financial success or failures. It also enables traders to predict the movement of Progressive Stock. The fundamental analysis module provides a way to measure Progressive Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Progressive Corp stock. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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Progressive Corp Income Tax Expense is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Income Tax Expense of 623.99 Million.

Progressive Shares Outstanding Analysis

Progressive Corp's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
 2019 2020 2021 2022 (projected)
PPandE Turnover33.2836.6842.5345.88
Calculated Tax Rate22.8720.4720.4126.48
Shares Outstanding 
 = 
Public Shares 
Repurchased 
More About Shares Outstanding | All Equity Analysis

Current Progressive Corp Shares Outstanding

    
  584.4 M  
Most of Progressive Corp's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Progressive Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Progressive Shares Outstanding Historical Pattern

Today, most investors in Progressive Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Progressive Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Progressive Corp shares outstanding as a starting point in their analysis.
 Progressive Corp Shares Outstanding 
Share
      Timeline 
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Compare to competition

Based on the latest financial disclosure, Progressive Corp has 584.4 M of shares currently outstending. This is 68.16% lower than that of the Financial Services sector and significantly higher than that of the Insurance—Property & Casualty industry. The shares outstanding for all United States stocks is 2.2% lower than that of the firm.

Progressive Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Progressive Corp's current stock value. Our valuation model uses many indicators to compare Progressive Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Progressive Corp competition to find correlations between indicators driving Progressive Corp's intrinsic value. More Info.
Progressive Corp is rated top company in total debt category among related companies. It is considered to be number one stock in profit margin category among related companies . The ratio of Total Debt to Profit Margin for Progressive Corp is about  1,404,395,604 . Progressive Corp Total Debt is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Total Debt of 5.07 Billion. Comparative valuation analysis is a catch-all model that can be used if you cannot value Progressive Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Progressive Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Progressive Corp's earnings, one of the primary drivers of an investment's value.

Progressive Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Progressive Corp's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Progressive Corp could also be used in its relative valuation, which is a method of valuing Progressive Corp by comparing valuation metrics of similar companies.
Progressive Corp is currently under evaluation in z score category among related companies.

Progressive Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Progressive Corp from analyzing Progressive Corp's financial statements. These drivers represent accounts that assess Progressive Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Progressive Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee47.31 K70.03 K95.51 K131.31 K68.28 K60.53 K
Revenue Per Employee797.45 K856.29 K938.69 K981.89 K971.98 K838.77 K
Average Assets28.98 B32.43 B37.28 B44.2 B50.83 B42.84 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.17 B1.78 B2.52 B3.59 B4.12 B3.38 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.17 B1.78 B2.52 B3.59 B4.12 B3.38 B
Earnings before Tax1.88 B1.44 B2.13 B3.16 B3.63 B2.96 B
Average Equity7.33 B7.86 B9.02 B11 B12.65 B10.84 B
Enterprise Value21.11 B23.61 B35.81 B38.92 B44.76 B35.94 B
Free Cash Flow2.17 B2.52 B3.62 B6.03 B6.93 B7.48 B
Invested Capital31.36 B35.47 B40.91 B50.16 B57.68 B48.05 B
Invested Capital Average30.74 B34.26 B39.49 B47.29 B54.38 B45.9 B
Market Capitalization18.59 B20.62 B32.76 B35.18 B40.46 B32.27 B
Tangible Asset Value28.88 B32.55 B37.88 B45.83 B52.7 B44.01 B

Progressive Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Progressive Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Progressive Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Progressive Fundamentals

About Progressive Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Progressive Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Progressive Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Progressive Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Deferred Revenue12.3 B10.1 B
Cost of Revenue25 B21.3 B
Revenues47.7 B51.5 B
Revenue to Assets 0.67  0.76 
Revenue Per Employee972 K838.8 K
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people.

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Progressive Corp.

Progressive Corp Implied Volatility

    
  32.05  
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

Current Sentiment - PGR

Progressive Corp Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Progressive Corp. What is your perspective on investing in Progressive Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Currently Active Assets on Macroaxis

Please check Progressive Corp Piotroski F Score and Progressive Corp Altman Z Score analysis. Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Progressive Stock analysis

When running Progressive Corp price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.79
Market Capitalization
68.5 B
Quarterly Revenue Growth YOY
0.035
Return On Assets
0.0265
Return On Equity
0.13
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Progressive Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.