Progressive Corp
F:PGV
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Intrinsic Value
The intrinsic value of 
Progressive Corp (PGV) under the Base Case is 304.84 EUR per share.
Compared with the current market price of 207.7 EUR, the stock appears
Undervalued by 32% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Progressive Does
Progressive Corp is a major auto insurer. It sells policies for personal cars, motorcycles, RVs, boats, and commercial vehicles, and it also writes homeowners and other property coverage through partners and direct channels. The company is best known for selling insurance directly to consumers online, by phone, and through agents, with a focus on easy quotes and fast claims service.
- Headquarters
- United States of America US
- Employees
- 70 000
- IPO date
- Jan 6, 1987
Progressive has a narrow economic moat
More accurate estimates of accident costs help Progressive offer attractive prices to selected drivers without giving up profit. Its driving data and experience refining prices support an advantage that competitors cannot quickly copy, rather than preventing customers from leaving.
Read the full moat analysisWhat is the Intrinsic Value of one PGV stock?
The intrinsic value for Progressive Corp (PGV) under the Base Case is 304.84 EUR.
Is PGV stock undervalued or overvalued?
Compared with the current market price of 207.7 EUR, the stock appears Undervalued by 32% .
