Progressive Piotroski F Score

PGR
 Stock
  

USD 118.49  0.21  0.18%   

This module uses fundamental data of Progressive Corp to approximate its Piotroski F score. Progressive Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Progressive Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Progressive Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Progressive Corp Altman Z Score, Progressive Corp Correlation, Progressive Corp Valuation, as well as analyze Progressive Corp Alpha and Beta and Progressive Corp Hype Analysis.
  
Progressive Corp Issuance Repayment of Debt Securities is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Issuance Repayment of Debt Securities of 1.26 Billion. As of 08/08/2022, Debt to Equity Ratio is likely to grow to 0.34, while Long Term Debt is likely to drop slightly above 3.9 B. Progressive Corp Asset Turnover is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Asset Turnover of 0.71. As of 08/08/2022, Debt to Equity Ratio is likely to grow to 0.34, while Dividends per Basic Common Share is likely to drop 1.20.
At this time, it appears that Progressive Corp's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Progressive Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Progressive Corp is to make sure Progressive is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Progressive Corp's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Progressive Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares653.4 M584.5 M
Moderately Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted657.1 M587.1 M
Moderately Up
Decreasing
Slightly volatile
Net Cash Flow from Operations8.4 B7.8 B
Significantly Up
Increasing
Slightly volatile
Total Assets76.7 B71.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities57.1 B52.9 B
Significantly Up
Increasing
Slightly volatile
Total Debt4.2 B5.1 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets4.884.9558
Fairly Down
Increasing
Slightly volatile
Gross Margin0.280.29
Sufficiently Down
Decreasing
Slightly volatile
Asset Turnover0.80.7055
Moderately Up
Increasing
Very volatile

Progressive Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Progressive Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Progressive Corp in a much-optimized way.

About Progressive Corp Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

653.4 Million

Progressive Corp Weighted Average Shares is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Weighted Average Shares of 584.5 Million

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

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.
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

    
  51.59  
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.

Currently Active Assets on Macroaxis

Please check Progressive Corp Altman Z Score, Progressive Corp Correlation, Progressive Corp Valuation, as well as analyze Progressive Corp Alpha and Beta and Progressive Corp Hype 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 Global Correlations module to find global opportunities by holding instruments from different markets.

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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
69.3 B
Quarterly Revenue Growth YOY
-0.032
Return On Assets
0.0135
Return On Equity
0.0496
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.