The Progressive CorporationPGR

Where PGR's Net Debt / EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$217.62+1.43 (+0.66%)Previous close
NYSEFinancial Services

PGR Net Debt / EBITDA: current value, 10-year range and year-by-year history

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
PGR Net Debt / EBITDA historyPGR Net Debt / EBITDA from Sep 2023 to Mar 2026: low 0.46, high 1.7, latest 0.54.0.360.721.081.441.8Sep 23Mar 24Dec 24Mar 25Sep 25Mar 26med 0.58

PGR Net Debt / EBITDA by year

Yearly range of PGR’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from 0.5 to 4.1, averaging 1.3.

PGR Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20260.50.50.50.5
20250.50.50.60.5
20240.60.70.90.6
20231.22.33.71.2
20221.93.34.14.1
20210.60.81.01.0
20200.70.81.00.7
20190.80.91.00.8
20180.91.21.31.2
20171.21.31.41.2
20161.61.71.71.6

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How many years of operating earnings it would take to pay off the company's net debt. The most common leverage ratio — higher means more financial risk and less flexibility.

Formula(Total Debt − Cash) / EBITDA
Full guide
How to read this chart

Watch the trend more than the level. Declining ratio = deleveraging, growing financial flexibility. Rising ratio = increasing leverage, which constrains dividends, buybacks, and future investment.

Key caveats
  • Sector context is essential: 3× is aggressive for a consumer brand but normal for a regulated utility. Always compare to sector peers.
  • Large acquisitions spike the ratio temporarily — check whether the integration plan credibly drives paydown.
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