The Progressive Corporation PGR
205.50
3.33
1.65%
as of 25 Sep
- Market cap
- $117.7B
- P/E
- 10.3×
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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 | Free account |
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))
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
- Price to free cash flow
- EV/EBITDA
- 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