Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.22 as of Sunday, July 26, 2026.
Forward PE Ratio (12.22) = Close Price ($213.83) / Consensus Forward EPS ($17.50)
FORWARD PE RATIO
12.22
SECTOR MEDIAN · FINANCIAL SERVICES
14.30
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
-14.55%
vs the sector median at left
The Progressive Corporation
Market Cap
$124.32B
Forward PE Ratio
12.22
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| The Progressive Corporation (PGR) | $124.32B | 12.22 |
| Capital One Financial Corporation (COF)vs › | $124.44B | N/A |
| S&P Global Inc. (SPGI)vs › | $126.21B | 23.05 |
| Chubb Limited (CB)vs › | $139.53B | 13.12 |
| Bank of New York Mellon Corp (BNY)vs › | $109.07B | 17.28 |
| The PNC Financial Services Group, Inc. (PNC)vs › | $100.15B | 13.24 |
| U.S. Bancorp (USB)vs › | $99.65B | 12.27 |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 16.38 |
| Brookfield Corporation (BN)vs › | $93.07B | N/A |
| Blackstone Inc. (BX)vs › | $156.13B | 22.24 |
Trailing P/E
10.7
reported TTM EPS
Forward P/E
12.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $17.50 implies -12.2% EPS decline vs the reported trailing $19.94.
At today's $213.83 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $17.50 | $16.15 – $18.14 | 15 | 12.2x |
| 2027-12-31 | $16.21 | $14.47 – $18.29 | 15 | 13.2x |
| 2028-12-31 | $16.08 | $14.77 – $18.02 | 7 | 13.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
