PGR’s debt/Equity ratio is 0.45 per the latest financial report. And all the debt is long term. So it appears they have sufficient liquidity to weather any storm.
Having said that, I do agree the current valuation seems stretched. Forward P/E looks better
lalunafortuna t1_j258w8a wrote
Reply to Progressive: The Valuation Enigma by 2ndSifter
PGR’s debt/Equity ratio is 0.45 per the latest financial report. And all the debt is long term. So it appears they have sufficient liquidity to weather any storm.
Having said that, I do agree the current valuation seems stretched. Forward P/E looks better