EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Progressive's Enterprise Value is $131,581 Mil.
Progressive's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2023 was $10,391 Mil. Therefore, Progressive's EV-to-FCF for today is 12.66.
The historical rank and industry rank for Progressive's EV-to-FCF or its related term are showing as below:
PGR'
s EV-to-FCF Range Over the Past 10 Years
Min: 6.61 Med: 9.85 Max: 14.24
Current: 12.66
During the past 13 years, the highest EV-to-FCF of Progressive was 14.24. The lowest was 6.61. And the median was 9.85.
PGR's EV-to-FCF is ranked worse than 64.25% of 358
companies
in the Insurance industry
Industry Median: 8.34
vs PGR: 12.66
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The historical data trend for Progressive's EV-to-FCF 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.
For the Insurance - Property & Casualty subindustry, Progressive's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Progressive's EV-to-FCF falls into.
Progressive EV-to-FCF Calculation
Progressive's EV-to-FCF for today is calculated as:
Progressive's current Enterprise Value is $131,581 Mil.
Progressive's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10,391 Mil.
* 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.
Progressive (NYSE:PGR) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Progressive's PE Ratio for today is calculated as:
Progressive's share price for today is $210.07.
Progressive's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.770.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Progressive EV-to-FCF Related Terms
Thank you for viewing the detailed overview of Progressive's EV-to-FCF 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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