Company Valuation: Progressive Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 60,057 75,889 93,173 140,366 133,534 131,651 - -
Change - 26.36% 22.77% 50.65% -4.87% -1.41% - -
Enterprise Value (EV) 60,057 79,212 99,976 140,366 133,534 131,651 131,651 131,651
Change - 31.9% 26.21% 40.4% -4.87% -1.41% 0% 0%
P/E 18.1x 110x 24.2x 16.6x 11.8x 13x 13.5x 12.9x
PBR 3.38x 4.93x 4.71x 5.49x 4.4x 3.65x 3.15x 2.84x
PEG - -1.4x 0x 0x 0.4x -1.31x -3.43x 2.47x
Capitalization / Revenue 1.29x 1.49x 1.51x 1.89x 1.61x 1.49x 1.39x 1.33x
EV / Revenue 0x 0x 0x 0x 0x 1.49x 1.39x 1.33x
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.9 0.4 1.15 4.9 13.9 8.867 7.207 6.773
Rate of return 1.85% 0.31% 0.72% 2.04% 6.1% 3.94% 3.2% 3.01%
EPS 2 5.66 1.18 6.58 14.4 19.23 17.31 16.63 17.5
Distribution rate 33.6% 33.9% 17.5% 34% 72.3% 51.2% 43.3% 38.7%
Net sales 1 46,405 51,081 61,550 74,424 83,174 88,085 94,642 99,056
EBITDA - - 5,472 - - - - -
EBIT 4,429 1,166 5,172 10,992 - - - -
Net income 1 3,351 721.5 3,902 8,480 11,308 10,435 9,650 9,433
Net Debt - 3,323 6,804 - - - - -
Reference price 2 102.65 129.71 159.28 239.61 227.72 225.30 225.30 225.30
Nbr of stocks (in thousands) 585,064 585,070 584,961 585,812 586,397 584,336 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.62x - - 4.06% 132B
6.89x0.53x - 5.6% 40.61B
14.71x2.27x17.47x4.77% 14.51B
19.14x2.36x - 5.73% 13.15B
9.13x - - 1.19% 6.01B
12.72x - - 5.09% 4.04B
10.48x1.07x3.91x5.92% 1.37B
733.09x - - - 1.23B
Average 102.35x 1.56x 10.69x 4.62% 26.57B
Weighted average by Cap. 16.12x 1.25x 16.30x 4.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Progressive Corporation