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STOCK COMPARISON

Al-Rajhi Cooperative Insurance vs Progressive: Fair Value & Quality

Both stocks run through our valuation models. Here is how Al-Rajhi Cooperative Insurance (8230) and Progressive (PGR) compare, as of Sep 14, 2026.

As of Sep 14, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: Al-Rajhi Cooperative Insurance trades at SAR 55.85 versus a fair value of SAR 22.66 (-59%), while Progressive trades at $218 versus $160 (-26%).
Al-Rajhi Cooperative Insurance
8230.SR · SAR · Financials
-59%
upside to fair value
overvalued
PriceSAR 55.85
Fair ValueSAR 22.66
Quality34/100
Progressive
PGR · USD · Financials
-26%
upside to fair value
overvalued
Price$218
Fair Value$160
Quality65/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Al-Rajhi Cooperative InsuranceProgressive
Valuation
23.1×P/E (TTM)11.7×
0.46×P/S (TTM)1.50×
1.02×P/B4.43×
2.8×EV/EBITDA9.3×
PEG35.19×
−59.4%Fair value upside−26.4%
Dividend yield0.2%
Dividend per share$0.40
Profitability
15%Operating margin16%
0.90×EBIT margin trend (5Y)0.96×
20%Return on equity38%
3%Return on assets8%
Growth
36%Revenue growth (YoY)9%
29.4%Avg. growth/yr (3Y)20.9%
13.5%Avg. growth/yr (5Y)15.5%
+10.9%Value creation/yr+33.4%
Balance & size
8.4×Interest coverage (EBIT/interest)51.2×
Debt / equity0.23×
$3BMarket cap$134B
expensiveGrowth qualitymixed

Progressive leads: 4 to 9 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.

Al-Rajhi Cooperative Insuranceof which business quality 30 · market factors 43 Progressiveof which business quality 64 · market factors 55
ProfitabilityMargins and returns on capital today
43
61
Quality GrowthAre margins and returns improving?
32
64
CashflowEarnings quality: real cash, not paper profit
0
81
Fin. StrengthBalance sheet, leverage, solvency risk
13
54
InvestmentDisciplined investing over empire-building
31
37
Low VolatilityCalm price path (market factor)
50
87
MomentumPrice trend over the last 3–12 months (market factor)
54
42
52W MomentumDistance to the 52-week high (market factor)
15
42
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 familyAl-Rajhi Cooperative InsurancePrice SAR 55.85ProgressivePrice $218
Multiples-58%below the priceSAR 23.66-25%below the price$163
Asset-Based-85%below the priceSAR 8.49-84%below the price$34.90
Economic Profit-66%below the priceSAR 18.99-3%close to the price$211
Minimum-85%below the priceSAR 8.49-84%below the price$34.90
Maximum-58%below the priceSAR 23.66-3%close to the price$211
Median-66%below the priceSAR 18.99-25%below the price$163
Geometric mean-72%below the priceSAR 15.62-51%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%.

Al-Rajhi Cooperative Insurance: 4 of 4 models see the stock below the current price.

Progressive: 3 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.

Al-Rajhi Cooperative Insurance
Price SAR 55.85
Fair Value SAR 22.66
Bear SAR 17.00Bull SAR 28.33
Progressive
Price $218
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.

Al-Rajhi Cooperative Insurance · Financials

Quality score34 · bottom 25%
Fair value upside-59% · bottom 25%

Progressive · Financials

Quality score65 · Top 25%
Fair value upside-26% · below median

Bottom line

As of Sep 14, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: Al-Rajhi Cooperative Insurance trades at SAR 55.85 versus a fair value of SAR 22.66 (-59%), while Progressive trades at $218 versus $160 (-26%).

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

See the full analysis →

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