Progressive Corp EBITDA vs. Price To Earning
| PGR Stock | EUR 65.00 0.50 0.78% |
For Progressive Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Progressive Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Progressive Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Progressive Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Progressive Corp over time as well as its relative position and ranking within its peers.
Progressive |
Progressive Corp Price To Earning vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Progressive Corp's current stock value. Our valuation model uses many indicators to compare Progressive Corp value to that of its competitors to determine the firm's financial worth. Progressive Corp is considered to be number one stock in ebitda category among its peers. It also is considered to be number one stock in price to earning category among its peers . The ratio of EBITDA to Price To Earning for Progressive Corp is about 6,406,938 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Progressive Corp's earnings, one of the primary drivers of an investment's value.Progressive Price To Earning vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Progressive Corp |
| = | 207.78 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Progressive Corp |
| = | 32.43 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Progressive Price To Earning Comparison
Progressive Corp is currently under evaluation in price to earning category among its peers.
Progressive Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Progressive Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Progressive Corp will eventually generate negative long term returns. The profitability progress is the general direction of Progressive Corp's change in net profit over the period of time. It can combine multiple indicators of Progressive Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Progress Software Corporation develops business applications worldwide. The company was founded in 1981 and is headquartered in Bedford, Massachusetts. PROGRESS SOFTWARE operates under Software - Application classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1412 people.
Progressive Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Progressive Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Progressive Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Progressive Corp's important profitability drivers and their relationship over time.
Use Progressive Corp in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.Progressive Corp Pair Trading
Progressive Corp Pair Trading Analysis
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Progressive Corp position
In addition to having Progressive Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in Progressive Stock
When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:Check out Your Equity Center. For more detail on how to invest in Progressive Stock please use our How to Invest in Progressive Corp guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project Progressive Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Progressive Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Progressive Corp's income statement, its balance sheet, and the statement of cash flows.