Progressive Z Score

PGR
 Stock
  

USD 120.46  0.43  0.36%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Progressive Corp Piotroski F Score and Progressive Corp Valuation analysis.
  
As of 08/11/2022, Capital Expenditure is likely to drop to about (237 M). In addition to that, Return on Invested Capital is likely to drop to 0.06. 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 Z Score Analysis

Progressive Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
PPandE Turnover33.2836.6842.5345.88
Calculated Tax Rate22.8720.4720.4126.48
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Progressive Corp Z Score

    
  7.0  
Most of Progressive Corp's fundamental indicators, such as Z Score, 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.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Progressive Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Progressive Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Progressive Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Progressive Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Progressive Corp's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Progressive Corp has a Z Score of 7.0. This is 190.46% higher than that of the Financial Services sector and significantly higher than that of the Insurance—Property & Casualty industry. The z score for all United States stocks is 19.72% higher than that of the company.

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.
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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Progressive Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Progressive Corp Piotroski F Score and Progressive Corp Valuation 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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
70.7 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.