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STOCK COMPARISON

Gjensidige Forsikring ASA vs Progressive: Fair Value & Quality

Both stocks run through our valuation models. Here is how Gjensidige Forsikring ASA (GJF) and Progressive (PGR) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: Gjensidige Forsikring ASA trades at NOK 276 versus a fair value of NOK 114 (-59%), while Progressive trades at $213 versus $160 (-25%).
Gjensidige Forsikring ASA
GJF.OL · NOK · Financials
-59%
upside to fair value
overvalued
PriceNOK 276
Fair ValueNOK 114
Quality55/100
Progressive
PGR · USD · Financials
-25%
upside to fair value
overvalued
Price$213
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).

Gjensidige Forsikring ASAProgressive
Valuation
21.7×P/E (TTM)11.7×
2.91×P/S (TTM)1.50×
4.89×P/B4.43×
14.3×EV/EBITDA9.3×
1.62×PEG35.19×
−58.6%Fair value upside−24.9%
5.1%Dividend yield0.2%
NOK 14.50Dividend per share$0.40
Profitability
24%Operating margin16%
0.17×EBIT margin trend (5Y)0.96×
27%Return on equity38%
3%Return on assets8%
Growth
6%Revenue growth (YoY)9%
11.1%Avg. growth/yr (3Y)20.9%
9.0%Avg. growth/yr (5Y)15.5%
+10.9%Value creation/yr+33.4%
Balance & size
15.3×Interest coverage (EBIT/interest)51.2×
0.15×Debt / equity0.23×
$15BMarket cap$134B
healthyGrowth qualitymixed

Progressive leads: 5 to 11 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.

Gjensidige Forsikring ASAof which business quality 49 · market factors 65 Progressiveof which business quality 64 · market factors 54
ProfitabilityMargins and returns on capital today
45
61
Quality GrowthAre margins and returns improving?
51
64
CashflowEarnings quality: real cash, not paper profit
56
81
Fin. StrengthBalance sheet, leverage, solvency risk
8
54
InvestmentDisciplined investing over empire-building
74
37
Low VolatilityCalm price path (market factor)
96
87
MomentumPrice trend over the last 3–12 months (market factor)
49
42
52W MomentumDistance to the 52-week high (market factor)
57
37
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 familyGjensidige Forsikring ASAPrice NOK 276ProgressivePrice $213
Dividend Discount-39%below the priceNOK 168n/a
Multiples-55%below the priceNOK 125-24%below the price$163
Asset-Based-86%below the priceNOK 37.93-84%below the price$34.90
Economic Profit-65%below the priceNOK 95.87-1%close to the price$211
Minimum-86%below the priceNOK 37.93-84%below the price$34.90
Maximum-39%below the priceNOK 168-1%close to the price$211
Median-60%below the priceNOK 110-24%below the price$163
Geometric mean-66%below the priceNOK 93.42-50%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%.

Gjensidige Forsikring ASA: 6 of 6 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.

Gjensidige Forsikring ASA
Price NOK 276
Fair Value NOK 114
Bear NOK 85.50Bull NOK 143
Progressive
Price $213
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.

Gjensidige Forsikring ASA · Financials

Quality score55 · above median
Fair value upside-59% · bottom 25%

Progressive · Financials

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

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees Progressive as the less overvalued of the two: Gjensidige Forsikring ASA trades at NOK 276 versus a fair value of NOK 114 (-59%), while Progressive trades at $213 versus $160 (-25%).

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.