The Progressive PEG Ratio

The Progressive posts a PEG ratio of 254.06. That is above the Finance sector average of 24.99. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

For Finance stocks, a PEG ratio near 24.99 is typical. The Progressive's 254.06 is higher that level. That is roughly 916.6% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

The Progressive's PEG ratio of 254.06 comes from dividing a price-based measure by a related financial statistic. Changes can come from the stock price moving, the underlying fundamental shifting, or both. Track both the level and the trend — a rising multiple on falling fundamentals is a different story than a rising multiple on rising earnings.

Context for 0KOC.L's PEG ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 24.99), and (3) consistency with growth and profitability. This page covers the first two; The Progressive's other metric pages and overview cover the third.

Judging The Progressive against Finance peers is usually better than using a market-wide rule of thumb. Business models inside Finance are more comparable, which makes gaps in PEG ratio easier to interpret. Start with 254.06 here, then scan peer and history charts to see if the gap is persistent.