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Stock Comparison · Structural lead, mixed market

Penumbra vs The Progressive: Which Stock Looks Stronger in 2026?

The Progressive holds the cleaner structural position, with valuation as the main driver and stability adding further support. Penumbra still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Penumbra, which does not confirm the structural lead. That leaves a split case: the structural lead stays with The Progressive, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest score difference appears in valuation. The Progressive Corporation leads by 23 points on the overall comparison score.

Trajectory Similarity
0.73
Similar
Peer-set rank: #4
within Penumbra, Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The clearest structural overlap shows up in capital structure and recent revenue growth.

Similarity drivers
capital structurerecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
PEN
Penumbra, Inc.
52
Peer-Score
Signal qualityHigh
vs
PGR
The Progressive Corporation
75
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: PEN vs PGR Profitability 67 82 Stability 45 62 Valuation 25 84 Growth 77 65 PEN PGR
Gap Ranking
#1 Valuation +59
#2 Stability +17
#3 Profitability +15
#4 Growth +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PEN and PGR Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PENPGR Relative valuation Structural strength

The Progressive Corporation and Penumbra, Inc. look relatively close on structure, but the price setup still leans toward The Progressive Corporation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
The Progressive Corporation ranks near the top of the group on valuation; Penumbra, Inc. sits in the weaker half.
Stability
On stability, the edge still sits with The Progressive Corporation, even though both profiles look solid.
Valuation — Dominant Gap
PEN
25
PGR
84
Gap+59in favour of PGR

The multiple-based pricing edge comes from a forward P/E that is 39 turns lower.

What keeps the gap from being one-sided

Penumbra, Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Valuation is the clearest driver of the lead, with stability adding further support — though growth still provides a real counterweight.

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Similar valuation-driven comparisons

Explore how PEN and PGR each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.