Progressive holds recent Real Value of $56.9338 per share. The prevailing price of the company is $77.3. At this time the company appears to be overvalued. This module determines value of Progressive from analyzing the company fundamentals such as Return On Equity of
26.26%, Shares Outstanding of 583.99M and Operating Margin of 13.21% as well as examining its technical indicators and Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.
August 24, 2019
Progressive is very steady asset. Calculation of real value of Progressive is based on 2 months time horizon. Increasing Progressive time horizon generally increases accuracy of value calculation and significantly improves predictive power of the methodology used.
Valuation Drivers Correlation
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Progressive Market CapProgressive Corporation is regarded second in market capitalization category among related companies. Market capitalization of Insurance - Property & Casualty industry is at this time estimated at about 193.6 Billion. Progressive totals roughly 45.55 Billion in market capitalization claiming about 24% of equities under Insurance - Property & Casualty industry.
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Progressive Corporation is rated below average in price to earning category among related companies. It is considered to be number one stock in price to book category among related companies fabricating about 0.25 of Price to Book per Price to Earning. The ratio of Price to Earning to Price to Book for Progressive Corporation is roughly 4.01
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