PRG

PROG Holdings, Inc.

Financial Services · $1.3B market cap

Verdict

Share price

$31.00

close of Oct 3, 2026

Fair value

$42.00

Sticker Price

Payback Price

$16.80

buy price

Undervalued

PRG is Undervalued: at $31.00 it trades 26% below its fair value of $42.00. Its buy price (Payback Price) is $16.80, 46% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth3.7% a year✗
Equity per share growth6.5% a year✗
Sales growth3.2% a year✗
Free cash flow growth1.3% a year✗
Return on invested capital12.4%✓

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Superinvestors

1 of the investors we track holds PRG. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: Vulcan Value Partners

Insider activity

Since Aug 4, 2026: no open-market purchases and 3 sales worth $183K. Why purchases matter

Sales

About PROG Holdings, Inc.

PROG Holdings, Inc. functions as a multi-channel financial services firm, specializing in lease-to-own programs for individuals with limited credit access or those traditionally considered underserved. The company's operations are divided into two distinct segments. The Progressive Leasing division provides customers with rent-to-own options for a diverse array of merchandise, such as furniture, household…

Financial - Credit Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works