PROG Holdings, Inc. (PRG) Key Metrics
PRG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.23B
- Enterprise value
- $2.09B
- P/E (TTM)
- 9.9 10-yr median 10.4
- Forward P/E
- 5.7
- PEG ratio
- 0.93
- Price / sales
- 0.5 10-yr median 0.7
- Price / book
- 1.6 10-yr median 1.7
- EV / EBITDA
- 1.2 10-yr median 2.0
- Dividend yield
- 1.81% $0.56 a year
- Beta
- 1.78
PRG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPRG valuation Price multiples at each fiscal year-end price.
PRG returns How much profit the business earns on the capital it uses.
PRG per-share figures Results divided by the shares outstanding at year-end.
PRG financial health Debt, liquidity and how easily interest is covered.
PRG efficiency & capital use Working capital cycle and where the cash goes.
PRG valuation history
PRG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PRG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PRG cash returned to shareholders
PRG price vs earnings per share
PRG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.21B | $1.84B | $1.44B | $876.9M | $2.98B | $3.62B | $3.26B | $2.52B | $2.44B | $1.98B |
| Enterprise value | $1.51B | $2.40B | $1.89B | $1.36B | $3.42B | $3.67B | $3.24B | $3.01B | $2.85B | $2.32B |
| P/E ratio | 8.2 | 9.3 | 10.4 | 8.9 | 12.2 | — | 103.6 | 12.8 | 8.3 | 14.2 |
| Price / sales | 0.5 | 0.7 | 0.6 | 0.3 | 1.1 | 1.5 | 1.5 | 0.7 | 0.7 | 0.6 |
| Price / book | 1.6 | 2.8 | 2.4 | 1.5 | 4.4 | 3.7 | 1.9 | 1.4 | 1.4 | 1.3 |
| Price / free cash flow | 3.7 | 14.1 | 7.4 | 3.8 | 12.6 | 9.3 | 14.5 | 9.1 | 24.4 | 4.9 |
| Price / operating cash flow | 3.6 | 13.3 | 7.0 | 3.6 | 12.1 | 7.9 | 10.3 | 7.1 | 15.4 | 4.3 |
| EV / sales | 0.6 | 1.0 | 0.8 | 0.5 | 1.3 | 1.5 | 1.5 | 0.8 | 0.8 | 0.7 |
| EV / EBITDA | 2.4 | 1.3 | 1.0 | 0.7 | 1.5 | 1.7 | 7.0 | 8.1 | 5.7 | 5.0 |
| EV / free cash flow | 4.6 | 18.4 | 9.7 | 5.8 | 14.5 | 9.4 | 14.4 | 10.8 | 28.5 | 5.7 |
| Earnings yield | 12.2% | 10.7% | 9.6% | 11.3% | 8.2% | −1.7% | 1.0% | 7.8% | 12.0% | 7.0% |
| Free cash flow yield | 27.0% | 7.1% | 13.5% | 26.5% | 7.9% | 10.8% | 6.9% | 11.0% | 4.1% | 20.6% |
| Dividend yield | 1.7% | 1.1% | 0.0% | 0.0% | 0.2% | 0.4% | 0.3% | 0.2% | 0.3% | 0.4% |
| Shareholder yield (dividends + buybacks) | 6.0% | 8.6% | 9.7% | 25.5% | 19.3% | 0.7% | 2.4% | 6.9% | 2.9% | 2.1% |
| Share price at fiscal year-end | $29.49 | $42.26 | $30.91 | $16.89 | $45.11 | $53.87 | $48.44 | $35.67 | $33.80 | $27.13 |
| Per share | ||||||||||
| Revenue per share | $58.96 | $56.57 | $51.73 | $50.03 | $40.56 | $36.94 | $32.13 | $54.24 | $46.92 | $43.93 |
| Earnings per share | $3.59 | $4.53 | $2.98 | $1.90 | $3.69 | −$0.91 | $0.47 | $2.78 | $4.06 | $1.91 |
| Operating cash flow per share | $8.20 | $3.18 | $4.39 | $4.67 | $3.73 | $6.78 | $4.71 | $5.05 | $2.19 | $6.37 |
| Free cash flow per share | $7.95 | $2.99 | $4.18 | $4.48 | $3.58 | $5.82 | $3.33 | $3.93 | $1.39 | $5.59 |
| Cash per share | $7.56 | $2.20 | $3.34 | $2.54 | $2.58 | $0.54 | $0.86 | $0.22 | $0.71 | $4.23 |
| Book value per share | $18.27 | $14.93 | $12.70 | $10.99 | $10.29 | $14.66 | $25.81 | $24.94 | $23.96 | $20.29 |
| Tangible book value per share | $9.61 | $6.44 | $4.37 | $3.08 | $3.57 | $8.07 | $18.89 | $11.32 | $12.06 | $9.69 |
| Dividends per share | $0.51 | $0.47 | $0.00 | $0.00 | $0.07 | $0.20 | $0.14 | $0.09 | $0.11 | $0.10 |
| Capex per share | $0.25 | $0.19 | $0.21 | $0.19 | $0.14 | $0.96 | $1.38 | $1.12 | $0.80 | $0.79 |
| Debt per share | $14.91 | $15.04 | $13.06 | $11.79 | $9.32 | $1.18 | $0.50 | $7.20 | $6.46 | $8.83 |
| Shares outstanding | 40.9M | 43.5M | 46.5M | 51.9M | 66.0M | 67.3M | 67.3M | 70.6M | 72.1M | 73.0M |
| Change in shares outstanding | −6.2% | −6.4% | −10.3% | −21.4% | −1.8% | −0.1% | −4.6% | −2.1% | −1.2% | −0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.0% | 31.8% | 23.9% | 15.8% | 29.2% | −4.5% | 1.8% | 11.2% | 18.2% | 9.8% |
| Return on invested capital (ROIC) | 15.1% | 17.3% | 15.2% | 11.4% | 23.0% | 17.0% | 0.7% | 10.2% | 12.9% | 8.1% |
| Return on assets (ROA) | 9.4% | 13.1% | 9.3% | 6.3% | 16.6% | −2.7% | 1.0% | 7.1% | 11.0% | 5.3% |
| Return on tangible assets | 11.7% | 17.2% | 12.6% | 9.1% | 20.7% | −7.0% | 1.1% | 10.5% | 16.0% | 7.6% |
| Free cash flow margin | 13.5% | 5.3% | 8.1% | 9.0% | 8.8% | 15.8% | 10.4% | 7.3% | 3.0% | 12.7% |
| Income quality (OCF / net income) | 2.28 | 0.70 | 1.47 | 2.46 | 1.01 | — | 10.08 | 1.82 | 0.54 | 3.34 |
| Financial health | ||||||||||
| Total debt | $609.4M | $655.1M | $608.1M | $612.1M | $615.1M | $79.5M | $33.9M | $508.5M | $466.0M | $644.3M |
| Cash & short-term investments | $308.8M | $95.7M | $155.4M | $131.9M | $170.2M | $36.6M | $57.8M | $15.3M | $51.0M | $308.6M |
| Net debt | $300.6M | $559.4M | $452.7M | $480.2M | $444.9M | $42.9M | −$23.9M | $493.3M | $415.0M | $335.8M |
| Debt / equity | 0.82 | 1.01 | 1.03 | 1.07 | 0.91 | 0.08 | 0.02 | 0.29 | 0.27 | 0.43 |
| Debt / assets | 0.38 | 0.43 | 0.41 | 0.41 | 0.38 | 0.06 | 0.01 | 0.18 | 0.17 | 0.25 |
| Net debt / EBITDA | 0.47 | 0.30 | 0.25 | 0.24 | 0.19 | 0.02 | −0.05 | 1.32 | 0.84 | 0.72 |
| Current ratio | 11.22 | 5.94 | 6.50 | 6.06 | 6.26 | 6.62 | 3.65 | 3.72 | 3.56 | 3.34 |
| Quick ratio | 4.91 | 2.18 | 2.31 | 2.29 | 2.31 | 1.74 | 0.86 | 0.66 | 0.94 | 1.23 |
| Interest coverage | 6.1 | 5.0 | 7.7 | 5.0 | 19.8 | — | 1.6 | 17.6 | 12.4 | 10.4 |
| Working capital | $986.2M | $893.9M | $832.3M | $870.7M | $951.3M | $702.0M | $618.3M | $1.17B | $1.13B | $1.11B |
| Invested capital | $1.05B | $1.21B | $1.04B | $1.05B | $1.12B | $1.03B | $1.71B | $2.25B | $2.14B | $1.82B |
| Tangible asset value | $392.6M | $280.4M | $203.6M | $160.0M | $235.9M | $542.9M | $1.27B | $798.9M | $869.5M | $707.2M |
| Net current asset value | $218.7M | $211.3M | $83.6M | $121.3M | $190.0M | $495.6M | −$708.6M | $536.5M | $608.5M | $450.6M |
| Graham number | $38.42 | $39.01 | $29.20 | $21.68 | $29.22 | — | $16.48 | $39.49 | $46.76 | $29.51 |
| Graham net-net per share | −$3.11 | −$5.73 | −$6.05 | −$5.87 | −$4.02 | $1.72 | −$15.90 | −$3.38 | −$1.63 | −$2.49 |
| Capital allocation | ||||||||||
| Dividends paid | $20.8M | $20.4M | $0 | $0 | $4.6M | $13.8M | $9.4M | $6.2M | $8.0M | $7.4M |
| Share buybacks (net) | $51.8M | $138.7M | $139.6M | $223.9M | $570.9M | $12.4M | $69.3M | $168.7M | $62.5M | $34.5M |
| Dividend payout ratio | 14.1% | 10.3% | 0.0% | 0.0% | 1.9% | — | 30.0% | 3.2% | 2.7% | 5.3% |
| Dividends + buybacks / free cash flow | 22.3% | 122.1% | 71.7% | 96.2% | 243.4% | 6.7% | 35.1% | 63.0% | 70.4% | 10.3% |
| Capex / revenue | 0.4% | 0.3% | 0.4% | 0.4% | 0.4% | 2.6% | 4.3% | 2.1% | 1.7% | 1.8% |
| Capex / operating cash flow | 3.0% | 6.0% | 4.7% | 4.0% | 3.9% | 14.1% | 29.3% | 22.1% | 36.7% | 12.3% |
| Capex / depreciation | 0.02 | 0.01 | 0.01 | 0.01 | 0.29 | 0.69 | 0.88 | 0.84 | 0.70 | 0.70 |
| Stock-based compensation / revenue | 1.2% | 1.2% | 1.0% | 0.7% | 0.8% | 1.7% | 1.2% | 0.7% | 0.8% | 0.7% |
| R&D / revenue | — | 0.3% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.0% | 0.3% | 0.3% |
| SG&A / revenue | 18.4% | 13.2% | 18.2% | 17.0% | 14.8% | 15.0% | 0.5% | 43.3% | 37.0% | 26.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.5 | 32.0 | 31.0 | 29.1 | 23.2 | 20.8 | 29.2 | 23.3 | 25.8 | 32.5 |
| Days of inventory on hand | 145.7 | 145.5 | 148.4 | 141.4 | 132.8 | 136.2 | 248.8 | 2,324.2 | 1,516.4 | 1,322.0 |
| Days payables outstanding | 3.6 | 3.7 | 4.0 | 2.9 | 9.2 | 9.8 | 12.7 | 159.2 | 107.7 | 230.2 |
| Cash conversion cycle (days) | 172.6 | 173.8 | 175.4 | 167.6 | 146.8 | 147.2 | 265.3 | 2,188.3 | 1,434.6 | 1,124.3 |
| Receivables turnover | 11.96 | 11.39 | 11.77 | 12.54 | 15.74 | 17.58 | 12.51 | 15.64 | 14.14 | 11.24 |
| Payables turnover | 102.13 | 98.82 | 91.06 | 124.99 | 39.57 | 37.27 | 28.65 | 2.29 | 3.39 | 1.59 |
| Inventory turnover | 2.50 | 2.51 | 2.46 | 2.58 | 2.75 | 2.68 | 1.47 | 0.16 | 0.24 | 0.28 |
| Asset turnover | 1.54 | 1.64 | 1.61 | 1.67 | 1.82 | 1.08 | 0.71 | 1.39 | 1.28 | 1.22 |
| Average receivables | $201.4M | $216.3M | $204.5M | $207.1M | $170.2M | $141.4M | $172.9M | $244.7M | $239.2M | $285.4M |
| Average payables | $15.8M | $16.7M | $17.3M | $14.1M | $46.0M | $45.4M | $50.4M | $84.6M | $76.4M | $186.1M |
| Average inventory | $644.6M | $656.8M | $640.7M | $681.0M | $662.2M | $631.0M | $985.1M | $1.24B | $1.08B | $1.07B |
| Intangibles / total assets | 22.0% | 24.4% | 26.0% | 27.5% | 27.3% | 33.6% | 14.1% | 34.0% | 31.9% | 29.6% |
Computed from PRG's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PRG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), PROG traded at 8.2 times earnings, against a 10-year median of 10.4. Based on the latest twelve months, the trailing P/E is 9.9 and the forward P/E is 5.7. PROG earned a return on equity of 21.0% and a return on invested capital of 15.1% in fiscal 2025. It ended the year with $609.4 million of debt and $308.8 million in cash and short-term investments, net debt of $300.6 million. It returned $72.5 million to shareholders: $20.8 million in dividends and $51.8 million in share buybacks, 22% of free cash flow. The share count fell 44.0% from 73.0M to 40.9M over 9 years.
See the PRG income statement, the PRG chart for price history, or the PRG stock overview for the latest quote and news.
PRG key metrics FAQ
What is PROG's P/E ratio?
PROG's trailing P/E ratio is 9.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.7. At the end of fiscal 2025 it was 8.2, compared with a 10-year median of 10.4.
What is PROG's EV/EBITDA?
PROG's enterprise value was 2.4 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $637.0 million); the current EV/EBITDA is 1.2.
What is PROG's return on equity?
PROG's return on equity (ROE) was 21.0% in fiscal 2025: net income of $146.8 million on average shareholders' equity of $698.3 million.
What is PROG's ROIC?
PROG's return on invested capital was 15.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PROG have?
PROG had total debt of $609.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.82 and $300.6 million of net debt (0.47 times EBITDA).
What is PROG's dividend yield?
PROG's forward dividend yield is 1.81%. PROG paid $20.8 million in dividends in fiscal 2025 ($0.51 per share), a payout ratio of 14.1%.
Does PROG buy back its shares?
Yes. PROG spent $51.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.2% over the year, to 40.9M..
What is PROG's free cash flow yield?
PROG generated $324.9 million of free cash flow in fiscal 2025, a free cash flow yield of 27.0% on its market value at year-end ($1.2 billion).
What is PROG's current ratio?
PROG's current ratio was 11.22 at the end of fiscal 2025: current assets were 11.22 times current liabilities.