Travelers Companies vs Progressive: Fair Value & Quality
Both stocks run through our valuation models. Here is how Travelers Companies (TRV) 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: Travelers Companies trades at $370 versus a fair value of $274 (-26%), while Progressive trades at $209 versus $160 (-23%).
Travelers Companies
TRV · USD · Financials
-26%
upside to fair value
overvalued
Price$370
Fair Value$274
Quality59/100
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).
Travelers CompaniesProgressive
Valuation
9.8×P/E (TTM)11.7×
1.47×P/S (TTM)1.50×
2.18×P/B4.43×
7.6×EV/EBITDA9.3×
2.36×PEG35.19×
1.3%Dividend yield0.2%
$4.40Dividend per share$0.40
Profitability
16%Net margin13%
19%Operating margin16%
25%Return on equity38%
4%Return on assets8%
Growth
1%Revenue growth (YoY)9%
9.8%Avg. growth/yr (3Y)20.9%
8.8%Avg. growth/yr (5Y)15.5%
Balance & size
0.28×Debt / equity0.23×
$72BMarket cap$134B
expensiveGrowth qualitymixed
Travelers Companies 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.
Travelers Companiesof which business quality 57 · market factors 83Progressiveof which business quality 64 · market factors 52
ProfitabilityMargins and returns on capital today
42
61
Quality GrowthAre margins and returns improving?
62
64
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
29
37
Low VolatilityCalm price path (market factor)
94
88
MomentumPrice trend over the last 3–12 months (market factor)
73
39
52W MomentumDistance to the 52-week high (market factor)
90
32
Net IssuanceBuybacks instead of dilution
98
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.
Travelers Companies
Multiples$300
Asset-Based$104
Economic Profit$255
3 of 4 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.
Travelers Companies
Bear $206Fair Value $274Bull $343
$370 = 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.
Travelers Companies · Financials
Quality score59 · above median
Fair value upside-26% · below median
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: Travelers Companies trades at $370 versus a fair value of $274 (-26%), while Progressive trades at $209 versus $160 (-23%).
Progressive has the higher quality score (65/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
