The Progressive Corporation PGR

205.50 3.33 1.65% as of 25 Sep
Market cap
$117.7B
P/E
10.3×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 6.5× High 51.6×
Ten-year median 10.8×
Current reading's percentile 11

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)

The full definition of EV/EBITDA →

More on PGR