P/E ratio for Progressive (PGR)

P/E ratio history for Progressive from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Allstate ALL	-24.7	-146.83%	🇺🇸 USA
The Travelers Companies TRV	26.0	-50.66%	🇺🇸 USA
Mercury General MCY	-37.4	-171.06%	🇺🇸 USA
Selective Insurance SIGI	18.1	-65.64%	🇺🇸 USA
Hallmark Financial Services HALL	0.0000	-100.00%	🇺🇸 USA
Safety Insurance SAFT	38.6	-26.64%	🇺🇸 USA
Horace Mann Educators HMN	-180	-442.75%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.