The Progressive (PGR) Financial Ratios: P/E, ROE & More

The Progressive (PGR) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), The Progressive had a P/E ratio of 11.81 (down from 16.59), return on equity of 40.5% (up from 37.0%), debt-to-equity of 0.23 (down from 0.28) and a current ratio of 0.36 (up from 0.29). A current ratio of 0.36 means current liabilities exceed current assets. Its dividend yield was 0.18% with a payout ratio of 25.4%.

The Progressive Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.81	16.59	24.11	109.19	18.07	10.19
Forward P/E	14.03	17.14	19.29	21.42	24.87	17.01
P/S Ratio	1.52	1.86	1.50	1.53	1.26	1.36
P/B Ratio	4.40	5.49	4.59	4.78	3.29	3.40
Price/Tangible Book	4.40	5.49	4.76	5.00	3.50	3.63
Price/FCF	7.76	9.46	8.97	11.57	7.99	8.66
Price/OCF	7.61	9.28	8.75	11.08	7.74	8.38
PEG Ratio	1.40	0.35	0.48	0.73	7.98	5.03
Enterprise Value Ratios
EV/Revenue	1.60	1.95	1.62	1.66	1.37	1.50
EV/EBITDA	9.47	13.05	18.40	48.57	13.68	8.27
EV/EBIT	9.67	13.38	19.42	59.25	14.72	8.64
EV/FCF	8.15	9.92	9.66	12.57	8.67	9.56
Profitability & Returns
Return on Equity (ROE)	40.45%	36.98%	21.58%	4.23%	19.00%	36.88%
Return on Assets (ROA)	7.92%	7.07%	3.94%	1.19%	4.09%	7.76%
Return on Invested Capital (ROIC)	32.89%	28.99%	16.59%	4.78%	15.35%	28.59%
Leverage & Solvency Ratios
Debt/Equity	0.23	0.28	0.35	0.40	0.28	0.33
Debt/EBITDA	0.48	0.62	1.27	3.76	1.05	0.71
Debt/FCF	0.41	0.48	0.68	0.97	0.68	0.83
Liquidity Ratios
Current Ratio	0.36	0.29	0.32	0.38	0.35	0.44
Quick Ratio	0.30	0.21	0.23	0.25	0.23	0.33
Efficiency Ratios
Asset Turnover	0.77	0.78	0.76	0.68	0.70	0.72
Yield & Distribution Ratios
Earnings Yield	8.47%	6.04%	4.19%	0.95%	5.58%	9.86%
FCF Yield	12.88%	10.57%	11.15%	8.64%	12.52%	11.55%
Dividend Yield	0.18%	0.17%	0.25%	0.31%	0.39%	5.82%
Payout Ratio	25.39%	8.04%	7.10%	36.15%	112.61%	27.66%
Buyback Yield	-0.07%	-0.03%	-0.07%	0.02%	0.09%	-0.07%
Total Return	0.11%	0.13%	0.18%	0.33%	0.47%	5.75%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About The Progressive Financial Ratios

What is The Progressive's P/E ratio?

The Progressive's P/E ratio was 11.81 for fiscal 2025 (period ended Dec 31, 2025). It was 16.59 a year earlier.

What is The Progressive's return on equity?

The Progressive's return on equity (ROE) was 40.5% for fiscal 2025 (period ended Dec 31, 2025). It was 37.0% a year earlier.

What is The Progressive's debt-to-equity ratio?

The Progressive's debt-to-equity ratio was 0.23 for fiscal 2025 (period ended Dec 31, 2025). It was 0.28 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition