Progressive Financial Statements From 2010 to 2024
| PGV Stock | EUR 256.25 1.30 0.50% |
Check Progressive financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progressive's main balance sheet or income statement drivers, such as , as well as many indicators such as . Progressive financial statements analysis is a perfect complement when working with Progressive Valuation or Volatility modules.
Progressive |
The Progressive Company Return On Equity Analysis
Progressive's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Progressive Return On Equity | 0.0423 |
Most of Progressive's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Progressive is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, The Progressive has a Return On Equity of 0.0423. This is 97.08% lower than that of the Financial Services sector and 98.91% lower than that of the Insurance - Property & Casualty industry. The return on equity for all Germany stocks is 113.65% lower than that of the firm.
Progressive Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Progressive's current stock value. Our valuation model uses many indicators to compare Progressive value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Progressive competition to find correlations between indicators driving Progressive's intrinsic value. More Info.The Progressive is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.28 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for The Progressive is roughly 3.58 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Progressive's earnings, one of the primary drivers of an investment's value.About Progressive Financial Statements
Progressive stakeholders use historical fundamental indicators, such as Progressive's revenue or net income, to determine how well the company is positioned to perform in the future. Although Progressive investors may analyze each financial statement separately, they are all interrelated. For example, changes in Progressive's assets and liabilities are reflected in the revenues and expenses on Progressive's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in The Progressive. Please read more on our technical analysis and fundamental analysis pages.
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company was founded in 1937 and is headquartered in Mayfield, Ohio. PROGRESSIVE CORP operates under Insurance - Property Casualty classification in Germany and is traded on Frankfurt Stock Exchange. It employs 37346 people.
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Other Information on Investing in Progressive Stock
Progressive financial ratios help investors to determine whether Progressive Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Progressive with respect to the benefits of owning Progressive security.