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Progressive PGR Price / book

Price / book at other companies

Cincinnati Financial logo
Cincinnati FinancialCINF
1.6×-0.1×
The Travelers Companies logo
The Travelers CompaniesTRV
-0.2×
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
-0.1×
Allstate logo
AllstateALL
1.7×-0.8×
Berkshire Hathaway logo
Berkshire HathawayBRK.B
1.4×-0.3×
Chubb logo
ChubbCB
1.7×-0.1×

Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$2.8B+9.8%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$32.0B+10.7%
Total assets$122.21B+9.7%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

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Market cap$119.01B-30.1%
Enterprise value$127.24B-28.1%
P/E10.3×-9.2×
P/S1.3×-0.8×

Profitability

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Net margin12.9%+1.8pp

Returns & leverage

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Return on equity37.9%+3.6pp
Debt / equity0.3×0.0×

Where this comes from

Calculated from Progressive’s reported figures.

Based on the most recent quarter.

The official record: Progressive’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's price / book?
Progressive (PGR) reported price / book of 3.6× in Q1 2026.
How has Progressive's price / book changed year-over-year?
Progressive's price / book decreased by 36.8% year-over-year, from 5.7× to 3.6×.
What is the long-term trend for Progressive's price / book?
Over 4 years (2021 to 2025), Progressive's price / book has grown at a 11.4% compound annual growth rate (CAGR), from 12.3× to 19×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.