Is The Progressive Corporation (PGR) Undervalued?
Based on the current stock price of $227.13 and a P/E ratio of 12.47,The Progressive Corporation has a PEG ratio of 0.46.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 0.46, PGR appears to be potentially undervalued relative to its growth rate of 27.26%.
Based on a PEG ratio of 0.37 (adjusted for dividends).
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How we analyzed PGR
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 12.47and dividing it by the annual growth rate of 27.26%.
PEG = 12.47 (P/E) ÷ 27.26 (Growth) = 0.46
Frequently Asked Questions about PGR
What is the current PEG Ratio for The Progressive Corporation (PGR)?+
The current PEG Ratio for The Progressive Corporation is 0.46. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is PGR stock undervalued right now?+
Based on the PEG ratio of 0.46, The Progressive Corporation appears to be potentially undervalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for PGR?+
The PEGY ratio for The Progressive Corporation is 0.37. This metric accounts for dividend yield (6.12%), providing a more complete valuation picture.