PGR P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PGR's p/e ratio is lower than 95% of the last 10 years.
P/E ratio History
PGR P/E ratio by year
Yearly range of PGR’s p/e ratio from 2016 to 2026. Over the full period it ranged from 9.7 to 119.4, averaging 26.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.7 | 10.6 | 11.8 | 10.9 |
| 2025 | 11.2 | 15.7 | 20.2 | 11.8 |
| 2024 | 16.6 | 21.9 | 31.4 | 16.6 |
| 2023 | 30.1 | 70.9 | 119.4 | 34.6 |
| 2022 | 17.9 | 55.3 | 90.1 | 88.2 |
| 2021 | 12.7 | 14.9 | 18.9 | 18.0 |
| 2020 | 9.9 | 16.1 | 24.2 | 18.9 |
| 2019 | 10.7 | 14.6 | 16.6 | 10.7 |
| 2018 | 11.5 | 17.6 | 22.8 | 13.6 |
| 2017 | 18.5 | 20.7 | 23.5 | 23.5 |
| 2016 | 17.0 | 19.3 | 21.3 | 21.1 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PGR P/E ratio High or Low Right Now?
The Progressive Corporation's P/E ratio is currently 10.9, which is near historic low relative to its 10-year historical range. The 10-year median P/E ratio for PGR is approximately 18.4. See all PGR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.