PGR

NYSE

PROGRESSIVE CORP/OH/

Financials, Property & Casualty Insurance

$215.33

close 7 Aug 2026

-12.07%

52-week change

$125.19B

market cap

$189.20

$254.93

52-week range

Expected price

$367.60 – $449.29

Current price

$215.33

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)10.80x

P/S (TTM)1.37x

P/B3.65x

EV/EBITDA (TTM)—

FCF yield (TTM)12.74%

PEG (TTM, GAAP)0.07

Context

P/E, own 5-year average36.52x

P/E, sector median16.04x*

Price at 5-year median P/E$409.13*

Indicated dividend yield0.19%

Forward — analyst consensus

Forward P/E (FY2026)12.23x*

Forward P/E (FY2027)13.24x

Forward PEG—*

Consensus EPS FY2026 (23 analysts)$17.61

EPS growth (FY2026→FY2027)-7.61%

Revenue growth (FY2026)4.83%

Street view

Price target (mean)$229.78*

Target upside6.71%

Ratings (buy / hold / sell)7 / 16 / 2

FY2026 EPS revisions, 30d (up / down)14 / 7

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +20.82%10Y CAGR +23.04%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$215.33

Cash & equivalents$178.00M

Total debt—

Shares outstanding581.37M

Result

DCF price per share—

Current price$215.33

Margin of safety—

PV of years 1–10$311.19B

PV of terminal value$912.64B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$19.27B	$23.28B	$28.13B	$33.99B	$41.07B	$49.62B	$59.95B	$72.43B	$87.51B	$105.72B	$1.97T
PV	$17.84B	$19.96B	$22.33B	$24.98B	$27.95B	$31.27B	$34.98B	$39.13B	$43.77B	$48.97B	$912.64B

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026