Valuation check: PGR's P/E ratio is 10.58, below the Finance sector average of 16.86.
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The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
Progressive (PGR) currently reports a P/E ratio of 10.58. That is below the Finance sector average of 16.86. Use the charts on this page to explore Progressive's P/E ratio history and peer comparisons.
Progressive's P/E ratio of 10.58 is lower than the Finance sector average of 16.86. That is roughly 37.3% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.
The P/E ratio is a valuation multiple that relates Progressive's market price to a fundamental measure such as earnings, sales, or book value. At 10.58, PGR can look expensive or cheap only in context — versus its own history, growth rate, and Finance peers. Higher multiples often price in stronger expected growth; lower ones can signal value or concern.
Start with the current P/E ratio of 10.58, then check the historical chart for trend and the peer comparison chart for relative positioning. The Finance average is 16.86. From there, open related valuation or income-statement pages for Progressive, and consider following PGR for alerts when major investors trade the stock.
Progressive is classified in the Finance sector. On P/E ratio, it currently shows 10.58 versus a sector average near 16.86. Sector peers often share similar capital intensity and growth regimes, so relative rankings inside Finance are usually more informative than comparing PGR with unrelated industries.