QBE Insurance Group vs Progressive: Fair Value & Quality
Both stocks run through our valuation models. Here is how QBE Insurance Group (QBE) and Progressive (PGR) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: QBE Insurance Group trades at A$23.09 versus a fair value of A$14.20 (-39%), while Progressive trades at $209 versus $160 (-23%).
QBE Insurance Group
QBE.AU · AUD · Financials
-39%
upside to fair value
overvalued
PriceA$23.09
Fair ValueA$14.20
Quality68/100
Progressive
PGR · USD · Financials
-23%
upside to fair value
overvalued
Price$209
Fair Value$160
Quality65/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
QBE Insurance GroupProgressive
Valuation
12.4×P/E (TTM)11.7×
1.44×P/S (TTM)1.50×
2.31×P/B4.43×
8.9×EV/EBITDA9.3×
0.58×PEG35.19×
2.8%Dividend yield0.2%
A$0.73Dividend per share$0.40
Profitability
12%Net margin13%
23%Operating margin16%
19%Return on equity38%
4%Return on assets8%
Growth
0%Revenue growth (YoY)9%
23.0%Avg. growth/yr (3Y)20.9%
15.9%Avg. growth/yr (5Y)15.5%
Balance & size
0.24×Debt / equity0.23×
$27BMarket cap$134B
healthyGrowth qualitymixed
QBE Insurance Group leads: 8 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
QBE Insurance Groupof which business quality 67 · market factors 68Progressiveof which business quality 64 · market factors 52
ProfitabilityMargins and returns on capital today
55
61
Quality GrowthAre margins and returns improving?
78
64
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
61
37
Low VolatilityCalm price path (market factor)
91
88
MomentumPrice trend over the last 3–12 months (market factor)
58
39
52W MomentumDistance to the 52-week high (market factor)
59
32
Net IssuanceBuybacks instead of dilution
75
81
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
QBE Insurance Group
Dividend DiscountA$9.59
MultiplesA$15.18
Asset-BasedA$5.24
Economic ProfitA$12.59
6 of 6 models see the stock below the current price.
Progressive
Multiples$163
Asset-Based$34.90
Economic Profit$211
2 of 4 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
QBE Insurance Group
Bear A$10.65Fair Value A$14.20Bull A$17.75
A$23.09 = current price (white tick)
Progressive
Bear $120Fair Value $160Bull $200
$209 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
QBE Insurance Group · Financials
Quality score68 · Top 25%
Fair value upside-39% · bottom 25%
Progressive · Financials
Quality score65 · Top 25%
Fair value upside-23% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: QBE Insurance Group trades at A$23.09 versus a fair value of A$14.20 (-39%), while Progressive trades at $209 versus $160 (-23%).
QBE Insurance Group has the higher quality score (68/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
