As of today (2024-04-27), Progressive's share price is $208.03. Progressive's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $33.80. Hence, Progressive's Price to Tangible Book Ratio of today is 6.15.
The historical rank and industry rank for Progressive's Price-to-Tangible-Book or its related term are showing as below:
PGR'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.29 Med: 3.56 Max: 5.64
Current: 5.59
During the past 13 years, Progressive's highest Price to Tangible Book Ratio was 5.64. The lowest was 2.29. And the median was 3.56.
PGR's Price-to-Tangible-Book is ranked worse than 91.5% of 459
companies
in the Insurance industry
Industry Median: 1.34
vs PGR: 5.59
Progressive Price-to-Tangible-Book Historical Data
The historical data trend for Progressive's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Progressive's Price-to-Tangible-Book
For the Insurance - Property & Casualty subindustry, Progressive's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Progressive's Price-to-Tangible-Book Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Progressive's Price-to-Tangible-Book falls into.
Progressive Price-to-Tangible-Book Calculation
Progressive's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Progressive Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Progressive's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
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