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) P/B ratio

As of 25 September 2026, The Progressive Corporation (PGR) trades at a P/B ratio of 3.5×. Over the past ten years it has ranged from 2.2× (April 2015) to 6.7× (March 2025); the current reading is higher than 48% of that period. That is above the Insurance Property & Casualty industry median of 1.8× and above the Financial sector median of 1.3×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 4.4× (19.68%)
FY2024 5.5× 14.72%
FY2023 4.8× (3.26%)
FY2022 4.9× 46.03%
FY2021 3.4× (3.24%)
FY2020 3.5× 9.02%
FY2019 3.2× (5.75%)
FY2018 3.4× (1.76%)
FY2017 3.5× 33.33%
FY2016 2.6× 1.69%

Quarterly

Period P/B ratio Change
Jun 2026 3.7× 2.37%
Mar 2026 3.6× (17.71%)
Dec 2025 4.4× 7.75%
Sep 2025 4.1× (14.84%)
42 more quarters

Against its own ten years

Low 2.2× High 6.7×
Ten-year median 3.5×
Current reading's percentile 48

P/B ratio against peers

Company P/B ratio
L Loews Corporation compare 1.1×
MKL Markel Group Inc. compare 1.1×
CINF Cincinnati Financial Corporation compare 1.5×
CB Chubb Limited compare 1.6×
ALL The Allstate Corporation compare 1.8×
AIZ Assurant, Inc. compare 2.2×
TRV The Travelers Companies, Inc. compare 2.3×
WRB W.R. Berkley Corporation compare 2.6×
PGR The Progressive Corporation 3.5×
Insurance Property & Casualty industry median 1.8×
Financial sector median 1.3×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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