Is PROG Holdings (PRG) overvalued or fairly valued?

MarketChacha shows PROG Holdings's valuation in context — a trailing P/E of about 11.0, a forward P/E of about 7.0, a price-to-book of about 1.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does PROG Holdings's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.40×) from reported figures — education, not a rating.

What is PROG Holdings's revenue?

PROG Holdings reported revenue of $2.4B for FY2025, with net profit of $146.8M, per official filings.

What is the share price of PROG Holdings (PRG)?

PROG Holdings last traded at $39.29 (+2.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

PROG Holdings

PRG · NYSE · Financials · United States

Snapshot

TickerPRG

ExchangeNYSE

SectorFinancials

IndustryRental & Leasing Services

CountryUnited States

Employees1,235

HeadquartersDraper, United States

Websiteprogholdings.com

Filings tracked17

About PROG Holdings

PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers in the United States. The company operates through two segments: Progressive Leasing and Four. It owns Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Four, which enables consumers of all credit backgrounds to pay for purchases over time through short-term, interest-free instalment buy-now-pay-later BNPL plans. The company offers Purchasing Power, that provides these underserved customers with alternatives to traditional financing options. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.

Who owns it

Insiders4.2%
Institutions95.8%
Public & other0.0%

415 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.17.18%
Vanguard Portfolio Management LLC6.30%
State Street Corporation4.33%
Vanguard Capital Management LLC4.28%
Allianz Asset Management GmbH4.03%
Dimensional Fund Advisors LP3.33%
LSV Asset Management2.93%
FMR, LLC2.93%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.40×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.9% → 6.1%

Margin has held broadly steady over the period — stable profitability.

Return on equity19.7%

Latest ROE of 19.7% — capital is generating a healthy return.

Growth qualityrev 1% · PAT 3%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $859.5M · EPS 1.39

Est. earnings growth +87.8%

Next fiscal year

Rev $3.3B · EPS 5.64

Est. earnings growth +14.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.4B

Net margin

6.1%

ROE

19.7%

Revenue CAGR (2y)

+1.5%

Profit CAGR (2y)

+2.8%

EPS (FY2025)

3.59

Net profit (FY2025)

$146.8M

Ask MarketChacha about PRG

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.4B	$146.8M	3.59	6.1%	19.7%
FY2024	$2.4B	$197.2M	4.53	8.2%	30.3%
FY2023	$2.3B	$138.8M	2.98	5.9%	23.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$147.6M	$37.0M	0.91	25.1%
2026Q1	$116.9M	$36.1M	0.89	30.8%
2025Q3	$595.1M	$33.1M	0.82	5.6%
2025Q2	$6.7M	$38.5M	0.95	573.9%
2025Q1	$3.7M	$34.7M	0.83	935.0%
2024Q3	$606.1M	$84.0M	1.94	13.9%
2024Q2	$592.2M	$33.8M	0.77	5.7%
2024Q1	$641.9M	$22.0M	0.49	3.4%
2023Q3	$582.9M	$35.0M	0.76	6.0%
2023Q2	$592.8M	$37.2M	0.79	6.3%
2023Q1	$655.1M	$48.0M	1.00	7.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/5/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations, Other events, Exhibits
SEC7/29/2026material
8-K — Executive/director change, Shareholder vote results, Other events, Exhibits
SEC5/7/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K/A — Exhibits
SEC4/7/2026
8-K — Reg FD disclosure, Exhibits
SEC3/10/2026material
8-K — Other events, Exhibits
SEC3/2/2026material
8-K — Results of operations, Exhibits
SEC2/18/2026material
10-K filing
SEC2/18/2026
8-K — Material agreement, Completion of acquisition/disposition, Material financial obligation, Reg FD disclosure, Exhibits
SEC1/2/2026material

2025

8-K — Material agreement, Reg FD disclosure, Exhibits
SEC12/2/2025material
8-K — Other events, Exhibits
SEC11/7/2025material
8-K — Material agreement, Results of operations, Reg FD disclosure, Exhibits
SEC10/22/2025material
10-Q — 10-Q 3Q2025
SEC10/22/2025
8-K — Other events, Exhibits
SEC8/7/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.