Progressive (PGR) EV to EBITDA (2009 - 2026)
Progressive's (PGR) quarterly EV to EBITDA came in at 11.77 in Q2 2026, up 25.5% year-over-year from 9.38 in Q2 2025, and down 8.35% quarter-over-quarter from 10.87 in Q1 2026.
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Analysis
Progressive (PGR) EV to EBITDA (2009 - 2026) Analysis & Trends
Progressive (PGR) has reported EV to EBITDA for 18 consecutive years, with 11.77 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 25.5% year-over-year to 11.77 in Q2 2026; TTM through Jun 2026 was 2.96, a 24.44% increase from a year earlier, with the FY2025 full-year figure at 3.1, up 12.52% from the prior year.
- EV to EBITDA was 11.77 for Q2 2026 at Progressive, down from 10.87 in the prior quarter.
- Over five years, EV to EBITDA peaked at 144.89 in Q3 2022 and troughed at 170.65 in Q2 2022.
- A 5-year average of 2.58 and a median of 11.36 in 2024 frame the typical range for EV to EBITDA.
- The widest YoY moves for EV to EBITDA: up 286.28% in 2022, down 515.13% in 2022.
- Over 5 years, EV to EBITDA stood at 52.38 in 2022, then plunged by 119.02% to 9.96 in 2023, then sank by 36.3% to 13.58 in 2024, then advanced by 12.9% to 11.83 in 2025, then climbed by 0.47% to 11.77 in 2026.
- The last three EV to EBITDA figures came in at 11.77 (Q2 2026), 10.87 (Q1 2026), and 11.83 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,085.11 Bn | 760.40 Bn | 55.86 Bn |
| 2 | Chubb | 129.51 Bn | 121.21 Bn | 9.13 Bn |
| 3 | Progressive | 120.30 Bn | 115.30 Bn | 9.04 Bn |
| 4 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn |
| 5 | Travelers Companies | 75.54 Bn | 51.79 Bn | 6.23 Bn |
| 6 | Manulife Financial | 75.22 Bn | 76.43 Bn | - |
| 7 | Metlife | 61.21 Bn | 34.19 Bn | 7.82 Bn |
| 8 | Aon | 60.67 Bn | 59.43 Bn | - |
| 9 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - |
| 10 | Allstate | 58.28 Bn | 19.52 Bn | 16.28 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.77 |
| Mar 31, 2026 | -10.87 |
| Dec 31, 2025 | -11.83 |
| Sep 30, 2025 | -13.85 |
| Jun 30, 2025 | -15.80 |
| Mar 31, 2025 | -16.90 |
| Dec 31, 2024 | -13.58 |
| Sep 30, 2024 | -15.09 |
| Jun 30, 2024 | -10.94 |
| Mar 31, 2024 | -14.55 |
| Dec 31, 2023 | -9.96 |
| Sep 30, 2023 | -7.80 |
| Jun 30, 2023 | -6.27 |
| Mar 31, 2023 | 88.89 |
| Dec 31, 2022 | 52.38 |
| Sep 30, 2022 | 144.89 |
| Jun 30, 2022 | -170.65 |
| Mar 31, 2022 | 90.10 |
| Dec 31, 2021 | 35.80 |
| Sep 30, 2021 | 117.20 |
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();