PROG Holdings, Inc. (PRG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does PROG Holdings, Inc. Do?
PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in two segments, Progressive Leasing and Vive. The Progressive Leasing segment offers lease-purchase solutions to customers for various merchandize in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets through point-of-sale and e-commerce retail partners, as well in-store, mobile, and online solutions. The Vive segment provides second-look and revolving credit products to customers that may not qualify for traditional prime lending through private label and Vive-branded credit cards. It offers lease-purchase solutions through approximately 24,000 third-party point-of-sale partner locations and e-commerce websites in 49 states and the District of Columbia. 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. PROG Holdings, Inc. (PRG) is classified as a small-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Steven A. Michaels and employs approximately 1,690 people. With a market capitalization of $1.1B, PRG is one of the notable companies in the Industrials sector.
PROG Holdings, Inc. (PRG) Stock Rating — Reduce (April 2026)
As of April 2026, PROG Holdings, Inc. receives a Reduce rating with a composite score of 53.2/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.PRG ranks #2,051 out of 4,446 stocks in our coverage universe. Within the Industrials sector, PROG Holdings, Inc. ranks #322 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PRG Stock Price and 52-Week Range
PROG Holdings, Inc. (PRG) currently trades at $29.41. The stock lost $0.19 (0.6%) in the most recent trading session. The 52-week high for PRG is $41.14, which means the stock is currently trading -28.5% from its annual peak. The 52-week low is $23.50, putting the stock 25.1% above its annual trough. Recent trading volume was 223K shares, suggesting relatively thin trading activity.
Is PRG Overvalued or Undervalued? — Valuation Analysis
PROG Holdings, Inc. (PRG) carries a value factor score of 75/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 5.84x, compared to the Industrials sector average of 28.33x — a discount of 79%. The price-to-book ratio stands at 1.49x, versus the sector average of 2.23x. The price-to-sales ratio is 0.45x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, PRG trades at 7.76x EV/EBITDA, versus 5.70x for the sector. The EV/EBIT multiple is 8.43x.
Based on these multiples, PROG Holdings, Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
PROG Holdings, Inc. Profitability — ROE, Margins, and Quality Score
PROG Holdings, Inc. (PRG) earns a quality factor score of 69/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 25.5%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 11.8% versus the sector average of 3.3%.
On a margin basis, PROG Holdings, Inc. reports gross margins of 100.0%, compared to 35.8% for the sector. The operating margin is 8.8% (sector: 6.2%). Net profit margin stands at 7.7%, versus 3.9% for the average Industrials stock. Revenue growth is running at 0.5% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
PRG Debt, Balance Sheet, and Financial Health
PROG Holdings, Inc. has a debt-to-equity ratio of 80.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.86x, suggesting adequate working capital coverage. Total debt on the balance sheet is $595M. Cash and equivalents stand at $293M.
PRG has a beta of 1.18, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for PROG Holdings, Inc. is 53/100, reflecting average volatility within the normal range for its sector.
PROG Holdings, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, PROG Holdings, Inc. reported revenue of $2.49B and earnings per share (EPS) of $3.66. Net income for the quarter was $190M. Gross margin was 100.0%. Operating income came in at $220M.
In FY 2025, PROG Holdings, Inc. reported revenue of $2.41B and earnings per share (EPS) of $3.66. Net income for the quarter was $147M. Revenue grew -2.2% year-over-year compared to FY 2024. Operating income came in at $207M.
In Q3 2025, PROG Holdings, Inc. reported revenue of $595M and earnings per share (EPS) of $0.83. Net income for the quarter was $33M. Revenue grew -1.8% year-over-year compared to Q3 2024. Operating income came in at $54M.
In Q2 2025, PROG Holdings, Inc. reported revenue of $605M and earnings per share (EPS) of $0.96. Net income for the quarter was $38M. Revenue grew 2.1% year-over-year compared to Q2 2024. Operating income came in at $61M.
Over the past 8 quarters, PROG Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $592M to $2.49B. Investors analyzing PRG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PRG Dividend Yield and Income Analysis
PROG Holdings, Inc. (PRG) currently pays a dividend yield of 1.6%. At this yield, a $10,000 investment in PRG stock would generate approximately $$158.00 in annual dividend income. The net margin of 7.7% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
PRG Momentum and Technical Analysis Profile
PROG Holdings, Inc. (PRG) has a momentum factor score of 47/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 10/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PRG vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, PROG Holdings, Inc. (PRG) ranks #322 out of 752 stocks based on the Blank Capital composite score. This places PRG in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing PRG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PRG vs S&P 500 (SPY) comparison to assess how PROG Holdings, Inc. stacks up against the broader market across all factor dimensions.
PRG Next Earnings Date
No upcoming earnings date has been announced for PROG Holdings, Inc. (PRG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PRG? — Investment Thesis Summary
The quantitative profile for PROG Holdings, Inc. suggests caution. The quality score of 69/100 indicates above-average profitability and business fundamentals. The value score of 75/100 suggests attractive pricing relative to fundamentals.
In summary, PROG Holdings, Inc. (PRG) earns a Reduce rating with a composite score of 53.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PRG stock.
Related Resources for PRG Investors
Explore more research and tools: PRG vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PRG head-to-head with peers: PRG vs SOBO, PRG vs TEN, PRG vs GLDD.