PG

Progressive CorpNYSE PGR Stock Report

Last reporting period 30 Jun, 2024

Updated 12 Nov, 2024

Last price

Market cap $B

150.25

Mega

Exchange

XNYS - New York Stock Exchange, Inc

View Section: Eyestock Rating

Progressive Fair Value

PG

The fair market value of PGR stock is 209.77 USD. Relative to the market price of 262.34 USD Progressive is overvalued by 20%

Eyestock's quantitative valuation approach is based on the method of estimating historical multipliers. To determine whether a stock is undervalued, we compare its current price to our estimated of fair value. The more undervalued a stock is, the more investment is profitable.

Fair Relative Value

Overvalued 20%
209.77 USD
PGR Fair Value
262.34 USD
Market price of PGR

Progressive Valuation

Current PGR share ticker price is 262.34 USD.

The fair value level of 209.77 USD can be considered as an effective entry point for long-term investors to start investing in PGR stock. For a more in-depth assessment, we provide a minimum value that can be used to increase a stock position and a maximum one that can be used to reduce it.

Price chart is not available

1y
3y
5y
All time
Market price

Current market price

Fair value

Current price is 20% higher its fair value

Min value

Current price is 53% higher its minimum value

Max value

Current price is 267% lower its maximum value

13.11.2024

Market price:

* Eyestock is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on eyestock.io represent a recommendation to buy or sell a security.

PGR stock is overvalued

It means the current price may concern as a Risky Entry Point

Progressive Corp Stock Valuation Calculator

How do we value a stock?

As fair value, we use the product of the median Price-to-earnings ratios at the end of each reporting period for the last 5 years and earnings per share for the last 12 months. By analogy with the fair value, we calculate the maximum and minimum ones using the corresponding P/E extremums.

1

Maximum P/E over 5 years

82.16

2

Median P/E over 5 years

17.9

3

Minimum P/E over 5 years

10.62

4

Earning per share (last 12 months)

11.72 USD

Maximum value

1

x

4

=

962.82 USD

Fair value

2

x

4

=

209.77 USD

Minimum value

3

x

4

=

124.5 USD

Progressive Corp price metrics

28.86

Annual return (geometric mean)

27.52

Risk (standard deviation) of returns

β

0.38

Beta (volatility compared to market)

It means that PGR stock is less volatile than the broader market

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View Section: Profitability