The Progressive Corporation PGR
- Market cap
- $117.7B
- P/E
- 10.3×
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The Progressive Corporation (PGR) EV/EBITDA
As of 25 September 2026, The Progressive Corporation (PGR) trades at a EV/EBITDA of 8.1×. Over the past ten years it has ranged from 6.5× (June 2021) to 51.6× (March 2023); the current reading is higher than 11% of that period. That is above the Insurance Property & Casualty industry median of 7.5× and below the Financial sector median of 9.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 9.2× | (26.68%) |
| FY2024 | 12.5× | (27.29%) |
| FY2023 | 17.3× | (62.90%) |
| FY2022 | 46.5× | 271.97% |
| FY2021 | 12.5× | 59.33% |
| FY2020 | 7.8× | (0.43%) |
| FY2019 | 7.9× | (24.41%) |
| FY2018 | 10.4× | (18.57%) |
| FY2017 | 12.8× | 8.71% |
| FY2016 | 11.8× | 33.78% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 8.6× | 7.22% |
| Mar 2026 | 8.0× | (13.23%) |
| Dec 2025 | 9.2× | (11.68%) |
| Sep 2025 | 10.4× | (9.61%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| ALL The Allstate Corporation compare | 3.8× |
| TRV The Travelers Companies, Inc. compare | 4.5× |
| CINF Cincinnati Financial Corporation compare | 5.5× |
| MKL Markel Group Inc. compare | 7.1× |
| AIZ Assurant, Inc. compare | 8.0× |
| PGR The Progressive Corporation | 8.1× |
| CB Chubb Limited compare | 9.8× |
| WRB W.R. Berkley Corporation compare | 10.6× |
| L Loews Corporation compare | 10.9× |
| Insurance Property & Casualty industry median | 7.5× |
| Financial sector median | 9.5× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on PGR
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement