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PROG HoldingsPRG -0.37%90 Debt-to-EBITDA is 0.50 as of Jun. 2026, which is 61% above its 10-year median of 0.31. GuruFocus rates PRG with a GF Score™ of 90/100 and a GF Value™ of $40.54 (Fairly Valued). The stock has 7 warning signs investors should review. Among 833 Business Services companies, PROG Holdings ranks better than 73.23% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for PROG Holdings's Debt-to-EBITDA or its related term are showing as below:
PRG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.22 Med: 0.31 Max: 0.5
Current: 0.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of PROG Holdings was 0.50. The lowest was 0.22. And the median was 0.31.
PRG's Debt-to-EBITDA is ranked better than 73.23% of 833
companies
in the Business Services industry
Industry Median: 1.64
vs PRG: 0.50
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
PROG Holdings Debt-to-EBITDA Related Terms
PROG Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for PROG Holdings's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PRG vs LIME, WLFC, VSTS: Debt-to-EBITDA Comparison
For the Rental & Leasing Services subindustry, PROG Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PROG Holdings Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, PROG Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PROG Holdings's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
PROG Holdings (PRG) has a Debt-to-EBITDA of 0.50 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PROG Holdings. This is 61% above median its historical median of 0.31. Over the past decade, PROG Holdings' Debt-to-EBITDA has ranged from 0.22 to 0.50. According to the industry distribution chart, PROG Holdings ranks #223 out of 833 companies in the Business Services industry, placing it in the top 26.8%.
Is PROG Holdings' Debt-to-EBITDA too high?
PROG Holdings' current Debt-to-EBITDA of 0.50 is 61% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.50. The Business Services industry median Debt-to-EBITDA is 1.64. PROG Holdings' value of 0.50 is 69.5% below this industry median. Based on the distribution chart, PROG Holdings ranks #223 out of 833 companies in the Business Services industry, which is above the industry midpoint. Overall, PROG Holdings has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PROG Holdings' Debt-to-EBITDA compare to LIME and WLFC?
According to the Business Services industry distribution chart, PROG Holdings ranks #223 out of 833 companies for Debt-to-EBITDA. This puts PROG Holdings in the upper half of its industry. The industry median Debt-to-EBITDA is 1.64. PROG Holdings' value of 0.50 is 69.5% below this benchmark. Historically, PROG Holdings' own Debt-to-EBITDA has ranged from 0.22 to 0.50 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.64, PROG Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.64, based on 833 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PROG Holdings's current Debt-to-EBITDA of 0.50 is 69.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PROG Holdings. For the Business Services industry, the median Debt-to-EBITDA is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PROG Holdings's current Debt-to-EBITDA is 0.50, which is 61% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PROG Holdings stock overvalued right now?
Based on GuruFocus' analysis, PROG Holdings (PRG) is currently considered Fairly Valued. The stock's GF Value™ is $40.54, compared to a current price of $42.62 — trading 5.1% above its estimated fair value. The current Debt-to-EBITDA is 0.50, which is 61% above median its 10-year median of 0.31 and 69.5% below the Business Services industry median of 1.64. PROG Holdings' overall GF Score™ is 90/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PROG Holdings (PRG), the current Debt-to-EBITDA is 0.50 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PROG Holdings (PRG) Overvalued in 2026?
Based on GuruFocus' analysis, PROG Holdings stock appears to be overvalued.
The current stock price of $42.62 is trading 5.1% above its estimated GF Value™ of $40.54.
GuruFocus considers PROG Holdings to be Fairly Valued.
Key valuation signals for PRG:
Debt-to-EBITDA: 0.50 (61% above median its 10-year median of 0.31)
GF Value™: $40.54 vs. price of $42.62 (5.1% above fair value)
Industry Position: 69.5% below the Business Services median (#223 of 833)
No single metric tells the full story. See the PRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The company has two reportable segments: Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the Progressive Leasing segment.
90GF Score
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