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STOCK COMPARISON

Definity Financial vs Progressive: Fair Value & Quality

Both stocks run through our valuation models. Here is how Definity Financial (DFY) and Progressive (PGR) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Definity Financial trades at C$80.00 versus a fair value of C$45.22 (-43%), while Progressive trades at $215 versus $253 (+17%).
Definity Financial
DFY.TO · CAD · Financials
-43%
upside to fair value
overvalued
PriceC$80.00
Fair ValueC$45.22
Quality52/100
Progressive
PGR · USD · Financials
+17%
upside to fair value
undervalued
Price$215
Fair Value$253
Quality65/100

Head-to-head numbers

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

Definity FinancialProgressive
Valuation
24.5×P/E (TTM)11.7×
1.28×P/S (TTM)1.50×
1.69×P/B4.43×
10.3×EV/EBITDA9.3×
—PEG35.19×
1.0%Dividend yield0.2%
C$0.78Dividend per share$0.40
Profitability
7%Net margin13%
8%Operating margin16%
10%Return on equity38%
4%Return on assets8%
Growth
57%Revenue growth (YoY)9%
17.6%Avg. growth/yr (3Y)20.9%
12.6%Avg. growth/yr (5Y)15.5%
Balance & size
0.28×Debt / equity0.23×
$7BMarket cap$134B
healthyGrowth 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.

Definity Financialof which business quality 52 · market factors 73 Progressiveof which business quality 64 · market factors 58
ProfitabilityMargins and returns on capital today
35
61
Quality GrowthAre margins and returns improving?
37
64
CashflowEarnings quality: real cash, not paper profit
53
81
Fin. StrengthBalance sheet, leverage, solvency risk
64
54
InvestmentDisciplined investing over empire-building
59
37
Low VolatilityCalm price path (market factor)
92
88
MomentumPrice trend over the last 3–12 months (market factor)
61
48
52W MomentumDistance to the 52-week high (market factor)
72
41
Net IssuanceBuybacks instead of dilution
67
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.

Definity Financial

Dividend DiscountC$12.01
MultiplesC$46.19
Asset-BasedC$22.57
Economic ProfitC$32.67

6 of 6 models see the stock below the current price.

Progressive

Multiples$163
Asset-Based$34.90
Economic Profit$211

3 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.

Definity Financial
Bear C$33.92Fair Value C$45.22Bull C$56.53
C$80.00 = current price (white tick)
Progressive
Bear $189Fair Value $253Bull $316
$215 = 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.

Definity Financial · Financials

Quality score52 · below median
Fair value upside-43% · bottom 25%

Progressive · Financials

Quality score65 · Top 25%
Fair value upside+17% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: Definity Financial trades at C$80.00 versus a fair value of C$45.22 (-43%), while Progressive trades at $215 versus $253 (+17%).

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

See the full analysis →
Definity Financial · Progressive

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.