WallStSmart

Markel Corporation (MKL)vsProgressive Corp (PGR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Progressive Corp generates 428% more annual revenue ($87.64B vs $16.59B). PGR leads profitability with a 12.9% profit margin vs 12.7%. MKL appears more attractively valued with a PEG of 1.93. MKL earns a higher WallStSmart Score of 71/100 (B).

MKL

Strong Buy

71

out of 100

Grade: B

Growth: 8.0Profit: 6.5Value: 10.0Quality: 4.8
Piotroski: 3/9

PGR

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 7.5Value: 7.3Quality: 5.3
Piotroski: 4/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MKLUndervalued (+73.4%)

Margin of Safety

+73.4%

Fair Value

$7890.01

Current Price

$1875.35

$6014.66 discount

UndervaluedFair: $7890.01Overvalued
PGRUndervalued (+77.2%)

Margin of Safety

+77.2%

Fair Value

$914.94

Current Price

$206.00

$708.94 discount

UndervaluedFair: $914.94Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MKL3 strengths · Avg: 10.0/10
P/E RatioValuation
11.1x10/10

Attractively priced relative to earnings

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

EPS GrowthGrowth
95.4%10/10

Earnings expanding 95.4% YoY

PGR5 strengths · Avg: 9.0/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Return on EquityProfitability
40.5%10/10

Every $100 of equity generates 41 in profit

Market CapQuality
$120.70B9/10

Large-cap with strong market position

EPS GrowthGrowth
25.2%8/10

Earnings expanding 25.2% YoY

Free Cash FlowQuality
$3.05B8/10

Generating 3.0B in free cash flow

Areas to Watch

MKL2 concerns · Avg: 3.5/10
PEG RatioValuation
1.934/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PGR1 concerns · Avg: 2.0/10
PEG RatioValuation
31.062/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : MKL

The strongest argument for MKL centers on P/E Ratio, Price/Book, EPS Growth.

Bull Case : PGR

The strongest argument for PGR centers on P/E Ratio, Return on Equity, Market Cap. Revenue growth of 12.2% demonstrates continued momentum.

Bear Case : MKL

The primary concerns for MKL are PEG Ratio, Piotroski F-Score.

Bear Case : PGR

The primary concerns for PGR are PEG Ratio.

Key Dynamics to Monitor

MKL carries more volatility with a beta of 0.77 — expect wider price swings.

PGR is growing revenue faster at 12.2% — sustainability is the question.

PGR generates stronger free cash flow (3.0B), providing more financial flexibility.

Monitor INSURANCE - PROPERTY & CASUALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MKL scores higher overall (71/100 vs 67/100). PGR offers better value entry with a 77.2% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Markel Corporation

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, Asia Pacific and the Middle East. The company is headquartered in Glen Allen, Virginia.

Progressive Corp

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

The Progressive Corporation is an American insurance company, one of the largest providers of car insurance in the United States. The company insures motorcycles, boats, RVs, and commercial vehicles and provides home insurance through select companies.

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