Progressive Stock Valuation

PGR
 Stock
  

USD 118.48  2.21  1.90%   

How much is Progressive Corp worth today? Calculating the true value of any business is not as easy as it may seem. While the market cap of a public entity, such as Progressive Corp, is its stock price multiplied by the total number of shares outstanding, calculating Progressive Corp's enterprise value requires a different approach. It uses Progressive Corp's balance sheet items such as long-term debt, the book value of the preferred stock, minority interest, and other important financials.
As of 07/04/2022, Free Cash Flow is likely to grow to about 7.5 B, while Enterprise Value is likely to drop slightly above 35.9 B.
Progressive Corp holds a recent Real Value of $118.08 per share. The prevailing price of the company is $118.48. At this time, the company appears to be fairly valued. Our model determines the value of Progressive Corp from analyzing the company fundamentals such as Return On Equity of 12.52 %, shares outstanding of 584.4 M, and Operating Margin of 6.85 % as well as examining its technical indicators and Probability Of Bankruptcy. In general, we support buying undervalued entities and selling overvalued entities since, at some point, asset prices and their ongoing real values will merge together.
  
Refresh
Progressive Corp Valuation Module provides a unique way to ballpark how much the company is worth today. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. We also take into consideration other essential factors such as Progressive Corp's management style, its c-level domain expertise and tenure, its overall leadership history as well as current capital structure, and future earnings potential.

Progressive Most Recent Valuation Data

Price Book
4.12
Price Sales
1.44
Forward Annual Dividend Yield
0.0034
EBITDA
3.3 B
Dividend Share
1.9
Ex Dividend Date
2022-07-06
Beta
0.49
Fairly Valued
Today 118.48
Please note that Progressive Corp's price fluctuation is very steady at this time. Calculation of the real value of Progressive Corp is based on 3 months time horizon. Increasing Progressive Corp's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Progressive Corp is useful when determining the fair value of the Progressive stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Progressive Corp. Since Progressive Corp is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Progressive Stock. However, Progressive Corp's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
116.18
Downside
118.08
Real Value
119.98
Upside
Estimating the potential upside or downside of Progressive Corp helps investors to forecast how Progressive stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Progressive Corp more accurately as focusing exclusively on Progressive Corp's fundamentals will not take into account other important factors:
Earnings
Estimates (7)
LowProjected EPSHigh
3.453.593.66
Details
Hype
Prediction
LowEstimated ValueHigh
116.44118.34120.24
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
1.621.671.71
Details
11 Analysts
Consensus
LowTarget PriceHigh
82.0099.00134.00
Details
Traditionally analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use Progressive Corp's intrinsic value based on its ongoing forecasts of Progressive Corp's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against Progressive Corp's closest peers. When choosing an evaluation method for Progressive Corp, ensure it is appropriate for the firm given its current financial situation and market classification. If more than one evaluation category is relevant, we suggest using both methods to arrive at a better estimate.

Progressive Corp Investments

32.19 Billion

Share

Progressive Valuation Drivers Correlation

Many accounts on the financial statements of Progressive Corp are highly interrelated and sometimes correlated. Consequently, when conducting Progressive's valuation analysis, one should examine all of the accounts reported to obtain a complete picture of its financial situation. We provide a unique feature to present a conventional correlation table purposely composed against different valuation-related drivers of Progressive
Click cells to compare fundamentals

Progressive Valuation Trend

Knowing Progressive Corp's actual value is paramount for traders to make sound investment determinations. Progressive Corp's real value is not only important for the investor to make better decisions but also for a more accurate overall view of Progressive Corp's financial worth over time since having this information enables investors and analysts to forecast the earnings more efficiently. Using both Progressive Corp's enterprise value as well as its market capitalization is the best way to gauging the value of the company and is usually enough for investors to make market timing descisions.

Progressive Market Cap

Progressive Corp is considered to be number one stock in market capitalization category among related companies. Market capitalization of Insurance—Property & Casualty industry is at this time estimated at about 1.59 Trillion. Progressive Corp holds roughly 67.95 Billion in market capitalization claiming about 4% of equities under Insurance—Property & Casualty industry.
Capitalization  Workforce  Total debt  Valuation  Revenue

Progressive Corp Valuation Ratios as Compared to Competition

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 considered to be number one stock in beta category among related companies. It is considered to be number one stock in price to book category among related companies fabricating about  7.85  of Price to Book per Beta. As of 07/04/2022, Price to Book Value is likely to drop to 3.44. 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.
Please note that valuation analysis is one of the essential comprehensive assessments in business. It evaluates Progressive Corp's worth, which you can determine by considering its current assets, liabilities and future cash flows. The investors' valuation analysis is an important metric that will give you a perspective on different companies. It helps you know the worth of the potential investment in Progressive Corp and how it compares across the competition.

About Progressive Corp Valuation

The equity valuation mechanism determines the current worth of Progressive Corp on a weekly basis. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of Progressive Corp. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Progressive Corp based exclusively on its fundamental and basic technical indicators. By analyzing Progressive Corp's financials, quarterly and monthly indicators, and its related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Progressive Corp's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Progressive Corp. We calculate exposure to Progressive Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Progressive Corp's related companies.
Last ReportedProjected for 2022
Gross Profit11.8 B9.9 B
Profit Margin 7.02  6.76 
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's stock price is the clearest measure of market expectations about its performance. Without stock valuation, investors cannot independently discern whether Progressive Corp's value is low or high relative to the company's performance and growth projections. Determining the market value of Progressive Corp can be done in different ways, such as multiplying its stock price by its outstanding shares.
A single share of Progressive Corp represents a small ownership stake in the entity. As a stockholder of Progressive, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.

Progressive Corp Dividends Analysis For Valuation

As of 07/04/2022, Dividend Yield is likely to grow to 0.0225, while Preferred Dividends Income Statement Impact is likely to drop slightly above 19.1 M. . Progressive Corp Earnings per Basic Share are relatively stable at the moment as compared to the past year. Progressive Corp reported last year Earnings per Basic Share of 5.69. As of 07/04/2022, Earnings per Diluted Share is likely to grow to 6.11, while Earning Before Interest and Taxes EBIT is likely to drop slightly above 3.1 B.
Last ReportedProjected for 2022
Preferred Dividends Income Statement Impact19.3 M19.1 M
Payment of Dividends and Other Cash Distributions-753.1 M-812.6 M
Dividend Yield 0.0171  0.0225 
Dividends per Basic Common Share 1.29  1.20 
There are various types of dividends Progressive Corp can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of Progressive shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from Progressive Corp directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When Progressive pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of Progressive Corp by the value of the dividends paid out.

Progressive Corp Valuation Growth Rates

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines. Note, investing in growth stocks can be very risky. If the company such as Progressive Corp does not do well, investors take a loss on the stock when it is time to sell. Also, because growth stocks typically do not pay dividends, the only opportunity an investor has to make money on their investment is when they eventually sell their shares.
Quick Ratio0.22
Earnings Quarterly Growth-78.80%
Revenue Growth3.50%
Payout Ratio51.77%
Enterprise Value To Ebitda20.84
Earnings Growth-79.30%
Enterprise Value To Revenue1.43

Progressive Corp Current Valuation Indicators

Valuation refers to the process of determining the present value of Progressive Corp and all of its assets. It can be calculated using a number of techniques. As many analysts who try to value Progressive we look at many different elements of the entity such as Progressive's management, its prospective future earnings, the current market value of the company's assets, as well as its capital structure formation. Progressive Corp's valuation analysis is also a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final Progressive Corp's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as Progressive Corp, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use Progressive Corp's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes Progressive Corp's worth.
Please check Your Equity Center. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
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
0.035
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.