Progressive Corp Revenue vs. Current Valuation
| PGR Stock | USD 266.86 1.16 0.43% |
Total Revenue | First Reported 1985-09-30 | Previous Quarter 17.8 B | Current Value 278.3 M | Quarterly Volatility 4.1 B |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.8 | 0.9999 |
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| Net Profit Margin | 0.0976 | 0.0629 |
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| Operating Profit Margin | 0.0791 | 0.0833 |
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| Pretax Profit Margin | 0.13 | 0.079 |
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| Return On Assets | 0.0392 | 0.044 |
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| Return On Equity | 0.21 | 0.1925 |
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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's Revenue Breakdown by Earning Segment
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Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.101 | Dividend Share 1.15 | Earnings Share 13.77 | Revenue Per Share 122.934 | Quarterly Revenue Growth 0.267 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Progressive Corp Current Valuation vs. Revenue 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 rated top company in revenue category among its peers. It also is rated top company in current valuation category among its peers reporting about 2.63 of Current Valuation per Revenue. At this time, Progressive Corp's Total Revenue is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Progressive Corp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Progressive Revenue vs. Competition
Progressive Corp is rated top company in revenue category among its peers. Market size based on revenue of Financials industry is at this time estimated at about 247.06 Billion. Progressive Corp totals roughly 62.08 Billion in revenue claiming about 25% of equities under Financials industry.
Progressive Current Valuation vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Progressive Corp |
| = | 62.08 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Progressive Corp |
| = | 163.09 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Progressive Current Valuation vs Competition
Progressive Corp is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is at this time estimated at about 506.92 Billion. Progressive Corp totals roughly 163.09 Billion in current valuation claiming about 32% of equities under Financials industry.
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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.6 B | -1.5 B | |
| Operating Income | 5.2 B | 5.4 B | |
| Net Income | 3.9 B | 4.1 B | |
| Income Tax Expense | 1 B | 1.1 B | |
| Income Before Tax | 4.9 B | 5.1 B | |
| Total Other Income Expense Net | -268.4 M | -255 M | |
| Net Income Applicable To Common Shares | 798.8 M | 758.9 M | |
| Net Income From Continuing Ops | 2.7 B | 2.2 B | |
| Interest Income | 280 M | 201.5 M | |
| Net Interest Income | -261.8 M | -274.9 M | |
| Change To Netincome | 2 B | 2.1 B | |
| Net Income Per Share | 6.67 | 7.01 | |
| Income Quality | 2.73 | 2.09 | |
| Net Income Per E B T | 0.80 | 0.54 |
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 Tools for Progressive Stock Analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.