PGR EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
EV/EBITDA History
Historically priceyAbove avgAround avgBelow avgHistorically cheap
PGR EV/EBITDA by year
Yearly range of PGR’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 6.8 to 61.0, averaging 17.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.9 | 8.5 | 9.2 | 9.1 |
| 2025 | 9.0 | 12.4 | 15.8 | 9.5 |
| 2024 | 13.1 | 16.8 | 23.5 | 13.1 |
| 2023 | 22.2 | 41.0 | 61.0 | 25.2 |
| 2022 | 13.5 | 32.9 | 50.0 | 49.0 |
| 2021 | 6.8 | 8.5 | 13.6 | 13.6 |
| 2020 | 7.7 | 9.4 | 10.8 | 8.2 |
| 2019 | 8.3 | 11.2 | 13.2 | 8.3 |
| 2018 | 9.3 | 13.1 | 15.6 | 11.0 |
| 2017 | 12.1 | 13.4 | 15.2 | 15.2 |
| 2016 | 10.6 | 12.3 | 13.5 | 13.4 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
Formula
(Market Cap + Net Debt) / EBITDAHow to read this chart
Unlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
Key caveats
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Pro — up to 30-year history
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.