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Progressive PGR Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Returns
Return on equity34.9%-2.4pp37.9%+3.6pp40.4%+3.5pp34.2%-2.2pp37.3%+2.8pp
Leverage
Debt-to-equity0.2×0.0×0.3×0.0×0.2×0.0×0.2×-0.1×0.2×-0.1×
Per Share
Book value per share$58,769,257.10+105,951,925%$54.59+10.8%$51.56+18.4%$60.26+30.4%$55.47+39.6%
Valuation
Market capitalization$122.92B-13.2%$115.96B-30.1%$133.49B-4.9%$144.81B-2.5%$155.94B+28.2%
Price / earnings10.5×-3.1×10×-9.0×11.8×-4.7×13.5×-4.8×14.9×-2.7×
Price / book3.6×-0.8×3.6×-2.1×4.4×-1.1×4.1×-1.4×4.8×-0.4×

FAQ

Where do Progressive's ratios come from?
Every ratio is computed from Progressive's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.