PGR reported earnings for its latest quarter, reported October 14, 2026. EPS came in at 4.60 versus 4.05 a year earlier, a 13.5% increase. Quarterly revenue grew 7.3% year over year.
The gap between those two growth rates is the useful part. Earnings grew roughly twice as fast as revenue, which points to better profitability per dollar of sales rather than growth driven by volume alone. The data we have shows a net margin of 12.8% and a return on equity of 34.9%, both high for a financial company. Free cash flow yield sits at 13.3%, and the earnings quality rating is strong.
The stock trades at $213.46, a market cap of $123.89B, with a trailing P/E of 10.7 and a forward P/E of 12.7. A forward multiple above the trailing one means the market is pricing in lower per-share earnings over the next twelve months than the trailing figure implies. The analyst target is $232.76, about 9% above the current price.
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The shares have fallen 11.2% over the past year, even as earnings grew. The multiple has compressed, not the business.
What it means
Our ACCE score for PGR is 66 out of 100. The breakdown is uneven:
Quality: 81
Value: 79
Momentum: 63
Growth: 40
Quality and value carry the score. The 13.5% EPS gain and 7.3% revenue gain are solid, but the growth sub-score of 40 shows that on our model, the pace sits below what higher-scoring growth names deliver. The stock earns its rating on profitability and price, not on acceleration.
One limit on this recap: we have no guidance commentary from management, so we cannot say what the company expects for the coming quarters. That matters here because of the forward P/E of 12.7. Whether it reflects expected earnings pressure or just analyst caution is something the numbers alone cannot answer.
What the numbers do say is that the latest quarter showed higher earnings, higher revenue and a wider gap between the two. A negative one-year return alongside that kind of operating result is the main tension in the story. Track the full score breakdown and live price on acceinvestments.com/stocks/PGR.
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