Progressive (PGR) EV to EBITDA (2013 - 2026)
Progressive's (PGR) EV to EBITDA stood at 7.92 in Q2 2026, down 28.6% from 11.10 a year earlier but up 7.7% from the prior quarter.
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Analysis
Progressive (PGR) EV to EBITDA (2013 - 2026) Analysis & Trends
On a TTM basis, Progressive's EV to EBITDA came in at 6.68 as of Jun 30, 2026, down 34.2% year-over-year; for FY2025, it came in at 8.32, down 31.0% from FY2024.
- Annual EV to EBITDA has declined for three straight years.
- Across earlier years, EV to EBITDA came in at 12.06 in FY2024 (-26.1%), 16.33 in FY2023 (-65.7%), 47.68 in FY2022 (+327.7%) and 11.15 in FY2021 (+64.5%).
- Quarterly EV to EBITDA has ranged from 7.36 in Q1 2026 to 47.83 in Q1 2023 over the past five years.
- On a year-over-year basis, EV to EBITDA has declined for 13 consecutive quarters, with an average decline of 26.1% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 451.2% in Q2 2022, against a decline of 68.9% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.36 (Q1 2026), 8.32 (Q4 2025) and 9.94 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 144.11 Bn | 89.75 Bn | 8.67 Bn |
| 2 | Progressive | 136.45 Bn | 111.97 Bn | 8.29 Bn |
| 3 | Marsh & Mclennan Companies | 100.18 Bn | 92.34 Bn | - |
| 4 | Travelers Companies | 84.51 Bn | 61.99 Bn | 5.93 Bn |
| 5 | Manulife Financial | 78.01 Bn | -16.87 Bn | - |
| 6 | Arthur J. Gallagher | 74.10 Bn | 74.10 Bn | - |
| 7 | Aon | 72.97 Bn | 52.17 Bn | - |
| 8 | Allstate | 69.06 Bn | 30.33 Bn | 8.73 Bn |
| 9 | Metlife | 66.12 Bn | -40.66 Bn | 7.82 Bn |
| 10 | Aflac | 63.31 Bn | 38.52 Bn | 2.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.50 |
| Jun 30, 2026 | 7.92 |
| Mar 31, 2026 | 7.36 |
| Dec 31, 2025 | 8.32 |
| Sep 30, 2025 | 9.94 |
| Jun 30, 2025 | 11.10 |
| Mar 31, 2025 | 13.98 |
| Dec 31, 2024 | 12.06 |
| Sep 30, 2024 | 13.34 |
| Jun 30, 2024 | 12.65 |
| Mar 31, 2024 | 14.87 |
| Dec 31, 2023 | 16.33 |
| Sep 30, 2023 | 19.49 |
| Jun 30, 2023 | 26.96 |
| Mar 31, 2023 | 47.83 |
| Dec 31, 2022 | 47.68 |
| Sep 30, 2022 | 37.82 |
| Jun 30, 2022 | 37.83 |
| Mar 31, 2022 | 18.22 |
| Dec 31, 2021 | 11.15 |
API Access
Progressive EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();