STOCK COMPARISON
QBE Insurance Group vs Progressive: Fair Value & Quality
Both stocks run through our valuation models. Here is how QBE Insurance Group (QBE) and Progressive (PGR) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: QBE Insurance Group trades at A$24.36 versus a fair value of A$19.42 (-20%), while Progressive trades at $215 versus $253 (+17%).
QBE Insurance Group
QBE.AU · AUD · Financials
-20%
upside to fair value
overvalued
PriceA$24.36
Fair ValueA$19.42
Quality69/100
Progressive
PGR · USD · Financials
+17%
upside to fair value
undervalued
Price$215
Fair Value$253
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
QBE Insurance GroupProgressive
Valuation
12.4×P/E (TTM)11.7×
1.44×P/S (TTM)1.50×
2.30×P/B4.43×
8.9×EV/EBITDA9.3×
0.58×PEG35.19×
2.8%Dividend yield0.2%
A$0.73Dividend per share$0.40
Profitability
12%Net margin13%
23%Operating margin16%
19%Return on equity38%
4%Return on assets8%
Growth
0%Revenue growth (YoY)9%
23.0%Avg. growth/yr (3Y)20.9%
15.9%Avg. growth/yr (5Y)15.5%
Balance & size
0.24×Debt / equity0.23×
$27BMarket cap$134B
healthyGrowth qualitymixed
QBE Insurance Group leads: 8 to 6 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.
QBE Insurance Groupof which business quality 67 · market factors 70
Progressiveof which business quality 64 · market factors 57
ProfitabilityMargins and returns on capital today
55
61
Quality GrowthAre margins and returns improving?
78
64
CashflowEarnings quality: real cash, not paper profit
84
81
Fin. StrengthBalance sheet, leverage, solvency risk
52
54
InvestmentDisciplined investing over empire-building
61
37
Low VolatilityCalm price path (market factor)
89
88
MomentumPrice trend over the last 3–12 months (market factor)
61
47
52W MomentumDistance to the 52-week high (market factor)
65
41
Net IssuanceBuybacks instead of dilution
75
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.
QBE Insurance Group
DCF ModelsA$36.28
Earnings-BasedA$12.95
Dividend DiscountA$9.59
MultiplesA$26.06
Asset-BasedA$5.24
Growth DCFA$41.39
Economic ProfitA$15.68
Growth EarningsA$26.65
9 of 26 models see the stock below the current price.
Progressive
DCF Models$521
Earnings-Based$285
Multiples$322
Asset-Based$34.90
Growth DCF$602
Economic Profit$243
Growth Earnings$406
4 of 24 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.
QBE Insurance Group
Bear A$14.57Fair Value A$19.42Bull A$24.28
A$24.36 = current price (white tick)
Progressive
Bear $189Fair Value $253Bull $316
$215 = current price (white tick)
Compare two other stocks
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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.
QBE Insurance Group · Financials
Quality score69 · Top 25%
Fair value upside-20% · below median
Progressive · Financials
Quality score63 · above median
Fair value upside+17% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Progressive as the more attractively valued of the two: QBE Insurance Group trades at A$24.36 versus a fair value of A$19.42 (-20%), while Progressive trades at $215 versus $253 (+17%).
QBE Insurance Group has the higher quality score (69/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
