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STOCK COMPARISON

Shinkong Insurance Co vs Progressive: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shinkong Insurance Co (2850) and Progressive (PGR) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Shinkong Insurance Co as the less overvalued of the two: Shinkong Insurance Co trades at TWD 158 versus a fair value of TWD 126 (-20%), while Progressive trades at $203 versus $160 (-21%).
Shinkong Insurance Co
2850.TW · TWD · Financials
-20%
upside to fair value
overvalued
PriceTWD 158
Fair ValueTWD 126
Quality55/100
Progressive
PGR · USD · Financials
-21%
upside to fair value
overvalued
Price$203
Fair Value$160
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Shinkong Insurance CoProgressive
Valuation
12.8×P/E (TTM)10.3×
2.22×P/S (TTM)1.50×
2.40×P/B4.43×
6.0×EV/EBITDA9.3×
0.47×PEG35.19×
−20.2%Fair value upside−21.1%
4.6%Dividend yield0.2%
TWD 7.27Dividend per share$0.40
Profitability
22%Operating margin16%
1.93×EBIT margin trend (5Y)0.96×
23%Return on equity38%
7%Return on assets8%
Growth
11%Revenue growth (YoY)9%
3.2%Avg. growth/yr (3Y)20.9%
4.8%Avg. growth/yr (5Y)15.5%
+23.5%Value creation/yr+33.4%
Balance & size
8,111.4×Interest coverage (EBIT/interest)51.2×
n/aDebt / equity0.23×
$2BMarket cap$134B
expensiveGrowth qualitymixed

Shinkong Insurance Co leads: 8 to 7 metric wins.

n/a = 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.

Shinkong Insurance Coof which business quality 50 · market factors 79 Progressiveof which business quality 64 · market factors 48
ProfitabilityMargins and returns on capital today
49
61
Quality GrowthAre margins and returns improving?
36
64
CashflowEarnings quality: real cash, not paper profit
8
81
Fin. StrengthBalance sheet, leverage, solvency risk
78
54
InvestmentDisciplined investing over empire-building
61
37
Low VolatilityCalm price path (market factor)
90
87
MomentumPrice trend over the last 3–12 months (market factor)
74
36
52W MomentumDistance to the 52-week high (market factor)
75
26
Net IssuanceShare count: buybacks or dilution?
82
81

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyShinkong Insurance CoPrice TWD 158ProgressivePrice $203
Multiples-20%below the priceTWD 126-20%below the price$163
Asset-Based-72%below the priceTWD 43.99-83%below the price$34.90
Economic Profit-33%below the priceTWD 106+4%close to the price$211
Minimum-72%below the priceTWD 43.99-83%below the price$34.90
Maximum-20%below the priceTWD 126+4%close to the price$211
Median-33%below the priceTWD 106-20%below the price$163
Geometric mean-47%below the priceTWD 83.61-48%below the price$106

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Shinkong Insurance Co: 3 of 4 models see the stock below the current price.

Progressive: 2 of 4 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Shinkong Insurance Co
Price TWD 158
Fair Value TWD 126
Bear TWD 94.23Bull TWD 157
Progressive
Price $203
Fair Value $160
Bear $120Bull $200

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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.

Shinkong Insurance Co · Financials

Quality score55 · above median
Fair value upside-20% · below median

Progressive · Financials

Quality score65 · Top 25%
Fair value upside-21% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Shinkong Insurance Co as the less overvalued of the two: Shinkong Insurance Co trades at TWD 158 versus a fair value of TWD 126 (-20%), while Progressive trades at $203 versus $160 (-21%).

Progressive has the higher quality score (65/100).

Open Shinkong Insurance Co live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.