(PRG) PROG Holdings - Overview
Stock: Lease-To-Own, Second-Look Credit, Buy-Now-Pay-Later, Credit-Building Tool
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.83% |
| Yield on Cost 5y | 0.97% |
| Yield CAGR 5y | 8.33% |
| Payout Consistency | 86.9% |
| Payout Ratio | 18.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 37.7% |
| Relative Tail Risk | -8.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.26 |
| Alpha | -35.57 |
| Character TTM | |
|---|---|
| Beta | 1.054 |
| Beta Downside | 0.927 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.86% |
| CAGR/Max DD | 0.33 |
Description: PRG PROG Holdings January 19, 2026
PROG Holdings, Inc. (NYSE: PRG) is a U.S.-based fintech holding company that offers lease-to-own and revolving-credit solutions through its two operating segments, Progressive Leasing and Vive Financial. The firm’s core products include in-store, app-based, and e-commerce point-of-sale lease-to-own plans, “buy-now-pay-later” (BNPL) options split into four interest-free installments, and the Build credit-building platform.
Key performance indicators from the most recent fiscal year show total revenue of approximately $1.1 billion, with Progressive Leasing contributing roughly 70 % of that amount. The company reported a net loss of about $30 million, reflecting higher provisioning for credit losses as delinquency rates rose to 6.2 %-still below the industry average of ~8 % for lease-to-own providers.
Sector-level drivers that materially affect PRG include the broader consumer-finance environment: a gradual rise in U.S. interest rates has tightened credit availability, which can boost demand for alternative financing like lease-to-own, while also increasing the cost of capital for the company’s own funding. Additionally, the BNPL market is projected to grow at a 12 % CAGR through 2027, but regulatory scrutiny is intensifying, potentially reshaping product pricing and disclosure requirements.
Historically, the firm rebranded from Aaron’s Holdings to PROG Holdings in December 2020, reflecting a strategic shift from brick-and-mortar retail to a technology-focused financing model.
For a deeper quantitative dive, check the ValueRay dashboard for PRG’s latest financial metrics and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 163.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 10.40 > 1.0 |
| NWC/Revenue: 39.28% < 20% (prev 38.76%; Δ 0.52% < -1%) |
| CFO/TA 0.20 > 3% & CFO 305.4m > Net Income 163.9m |
| Net Debt (310.1m) to EBITDA (1.47b): 0.21 < 3 |
| Current Ratio: 8.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.5m) vs 12m ago -6.23% < -2% |
| Gross Margin: 49.69% > 18% (prev 0.34%; Δ 4936 % > 0.5%) |
| Asset Turnover: 167.5% > 50% (prev 167.2%; Δ 0.39% > 0%) |
| Interest Coverage Ratio: 4.72 > 6 (EBITDA TTM 1.47b / Interest Expense TTM 49.3m) |
Altman Z'' 10.00
| A: 0.64 (Total Current Assets 1.12b - Total Current Liabilities 134.6m) / Total Assets 1.55b |
| B: 1.01 (Retained Earnings 1.56b / Total Assets 1.55b) |
| C: 0.16 (EBIT TTM 232.7m / Avg Total Assets 1.50b) |
| D: 1.90 (Book Value of Equity 1.60b / Total Liabilities 843.0m) |
| Altman-Z'' Score: 10.50 = AAA |
Beneish M -3.08
| DSRI: 1.39 (Receivables 272.8m/188.8m, Revenue 2.51b/2.42b) |
| GMI: 0.68 (GM 49.69% / 33.57%) |
| AQI: 0.97 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 1.04 (Revenue 2.51b / 2.42b) |
| TATA: -0.09 (NI 163.9m - CFO 305.4m) / TA 1.55b) |
| Beneish M-Score: -3.08 (Cap -4..+1) = AA |
What is the price of PRG shares?
Over the past week, the price has changed by +6.66%, over one month by +13.82%, over three months by +25.30% and over the past year by -19.48%.
Is PRG a buy, sell or hold?
- StrongBuy: 4
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PRG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 41 | 18.5% |
| Analysts Target Price | 41 | 18.5% |
| ValueRay Target Price | 33.9 | -2.1% |
PRG Fundamental Data Overview February 04, 2026
P/E Forward = 51.2821
P/S = 0.5248
P/B = 1.87
Revenue TTM = 2.51b USD
EBIT TTM = 232.7m USD
EBITDA TTM = 1.47b USD
Long Term Debt = 594.5m USD (from longTermDebt, last quarter)
Short Term Debt = 46.8m USD (from shortTermDebt, last fiscal year)
Debt = 602.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 310.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.63b USD (1.32b + Debt 602.7m - CCE 292.6m)
Interest Coverage Ratio = 4.72 (Ebit TTM 232.7m / Interest Expense TTM 49.3m)
EV/FCF = 5.50x (Enterprise Value 1.63b / FCF TTM 295.6m)
FCF Yield = 18.19% (FCF TTM 295.6m / Enterprise Value 1.63b)
FCF Margin = 11.79% (FCF TTM 295.6m / Revenue TTM 2.51b)
Net Margin = 6.54% (Net Income TTM 163.9m / Revenue TTM 2.51b)
Gross Margin = 49.69% ((Revenue TTM 2.51b - Cost of Revenue TTM 1.26b) / Revenue TTM)
Gross Margin QoQ = none% (prev 35.32%)
Tobins Q-Ratio = 1.05 (Enterprise Value 1.63b / Total Assets 1.55b)
Interest Expense / Debt = 1.31% (Interest Expense 7.88m / Debt 602.7m)
Taxrate = 27.44% (12.5m / 45.6m)
NOPAT = 168.8m (EBIT 232.7m * (1 - 27.44%))
Current Ratio = 8.31 (Total Current Assets 1.12b / Total Current Liabilities 134.6m)
Debt / Equity = 0.86 (Debt 602.7m / totalStockholderEquity, last quarter 703.6m)
Debt / EBITDA = 0.21 (Net Debt 310.1m / EBITDA 1.47b)
Debt / FCF = 1.05 (Net Debt 310.1m / FCF TTM 295.6m)
Total Stockholder Equity = 669.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.95% (Net Income 163.9m / Total Assets 1.55b)
RoE = 24.49% (Net Income TTM 163.9m / Total Stockholder Equity 669.2m)
RoCE = 18.41% (EBIT 232.7m / Capital Employed (Equity 669.2m + L.T.Debt 594.5m))
RoIC = 13.23% (NOPAT 168.8m / Invested Capital 1.28b)
WACC = 7.02% (E(1.32b)/V(1.92b) * Re(9.80%) + D(602.7m)/V(1.92b) * Rd(1.31%) * (1-Tc(0.27)))
Discount Rate = 9.80% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.23%
[DCF Debug] Terminal Value 82.23% ; FCFF base≈227.8m ; Y1≈235.4m ; Y5≈266.1m
Fair Price DCF = 137.8 (EV 5.76b - Net Debt 310.1m = Equity 5.45b / Shares 39.5m; r=7.02% [WACC]; 5y FCF grow 3.42% → 2.90% )
EPS Correlation: -8.80 | EPS CAGR: -41.68% | SUE: -4.0 | # QB: 0
Revenue Correlation: -37.51 | Revenue CAGR: -2.19% | SUE: 1.81 | # QB: 8
EPS next Quarter (2026-03-31): EPS=0.81 | Chg30d=-0.077 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.60 | Chg30d=-0.139 | Revisions Net=-1 | Growth EPS=+5.0% | Growth Revenue=+15.7%