PRG (PROG Holdings) EBIT: $223 Mil (TTM As of Mar. 2026)


PRG PROG Holdings Inc PRG
91 GF Score
Price $41.32
GF Value $39.74
Valuation Fairly Valued
! 8 Warning Signs
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What is PROG Holdings EBIT?

PROG Holdings PRG +4.79% 91 EBIT is $223 Mil as of Mar. 2026. GuruFocus rates PRG with a GF Score™ of 91/100 and a GF Value™ of $39.74 (Fairly Valued). The stock has 8 warning signs investors should review.

PROG Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $223 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PROG Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 19.39%. PROG Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PROG Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.83%.


PROG Holdings  (NYSE:PRG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PROG Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=387.164 * ( 1 - 23.85% )/( (1205.163 + 1836.159)/ 2 )
=294.825386/1520.661
=19.39 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1610.408 - 96.471 - ( 308.774 - max(0, 138.115 - 1197.542+308.774))
=1205.163

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2042.512 - 136.967 - ( 69.386 - max(0, 140.354 - 1143.059+69.386))
=1836.159

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PROG Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=263.808/( ( (22.266 + max(609.511, 0)) + (21.817 + max(851.13, 0)) )/ 2 )
=263.808/( ( 631.777 + 872.947 )/ 2 )
=263.808/752.362
=35.06 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.228 + 609.009 + 66.989) - (96.471 + 37.413 + 6.831)
=609.511

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(387.586 + 531.292 + 22.606) - (136.967 + 0 + -46.613)
=851.13

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PROG Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=222.597/2522.245
=8.83 %

* 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.


PROG Holdings EBIT Related Terms


PROG Holdings EBIT Historical Data

* Premium members only.

The historical data trend for PROG Holdings's EBIT 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.

PROG Holdings EBIT Chart

PROG Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 333.53 186.92 218.71 202.25 213.84

PROG Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.73 62.37 55.44 38.84 65.95

PRG vs WLFC, VSTS, HTZ: EBIT Comparison

For the Rental & Leasing Services subindustry, PROG Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, PROG Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PROG Holdings's EV-to-EBIT falls into.


PRG
91GF Score
PROG Holdings Inc PRG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PROG Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $223 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $223 Mil mean?
PROG Holdings (PRG) has a EBIT of $223 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PROG Holdings.
Is PROG Holdings' EBIT too high?
PROG Holdings' current EBIT is $223 Mil. Overall, PROG Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PROG Holdings' EBIT compare to WLFC and VSTS?
PROG Holdings' EBIT of $223 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PROG Holdings. PROG Holdings's current EBIT is $223 Mil. 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 $39.74, compared to a current price of $41.32 — trading 4% above its estimated fair value. The current EBIT is $223 Mil. PROG Holdings' overall GF Score™ is 91/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For PROG Holdings (PRG), the current EBIT is $223 Mil as of Mar. 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 $41.32 is trading 4% above its estimated GF Value™ of $39.74. GuruFocus considers PROG Holdings to be Fairly Valued.

Key valuation signals for PRG:

  • EBIT: $223 Mil
  • GF Value™: $39.74 vs. price of $41.32 (4% above fair value)
  • GF Score™: 91/100 with 8 warning signs

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 Business Description

Other Exchanges AZD:Germany
Address 256 West Data Drive, Draper, UT, USA, 84020-2315
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.
91GF Score

Get the complete analysis for PRG

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.32
Price
$39.74
GF Value