PROG HoldingsPRG -1.99%90 PB Ratio is 2.24 as of Jul. 06, 2026, which is 22% above its 10-year median of 1.83. GuruFocus rates PRG with a GF Score™ of 90/100 and a GF Value™ of $40.16 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,046 Business Services companies, PROG Holdings ranks worse than 63.86% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-06), PROG Holdings's share price is $43.25. PROG Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $19.33. Hence, PROG Holdings's PB Ratio of today is 2.24.
Warning Sign:
PROG Holdings Inc stock PB Ratio (=2.28) is close to 1-year high of 2.39.
The historical rank and industry rank for PROG Holdings's PB Ratio or its related term are showing as below:
PRG'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 1.83 Max: 4.03
Current: 2.24
During the past 13 years, PROG Holdings's highest PB Ratio was 4.03. The lowest was 0.49. And the median was 1.83.
PRG's PB Ratio is ranked worse than 63.86% of 1046
companies
in the Business Services industry
Industry Median: 1.66
vs PRG: 2.24
During the past 12 months, PROG Holdings's average Book Value Per Share Growth Rate was 19.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PROG Holdings was 24.80% per year. The lowest was -23.00% per year. And the median was 10.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
PROG Holdings PB Ratio Related Terms
PROG Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for PROG Holdings's PB Ratio 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.
For the Rental & Leasing Services subindustry, PROG Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, PROG Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where PROG Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
PROG Holdings's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
PROG Holdings (PRG) has a PB Ratio of 2.24 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PROG Holdings and its competitors. This is 22% above median its historical median of 1.83. Over the past decade, PROG Holdings' PB Ratio has ranged from 0.49 to 4.03. According to the industry distribution chart, PROG Holdings ranks #668 out of 1046 companies in the Business Services industry, placing it in the top 63.9%.
Is PROG Holdings' PB Ratio too high?
PROG Holdings' current PB Ratio of 2.24 is 22% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 4.03. The Business Services industry median PB Ratio is 1.66. PROG Holdings' value of 2.24 is 34.9% above this industry median. Based on the distribution chart, PROG Holdings ranks #668 out of 1046 companies in the Business Services industry, which is below 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' PB Ratio compare to VSTS and WLFC?
According to the Business Services industry distribution chart, PROG Holdings ranks #668 out of 1046 companies for PB Ratio. This places PROG Holdings in the lower half of its industry. The industry median PB Ratio is 1.66. PROG Holdings' value of 2.24 is 34.9% above this benchmark. Historically, PROG Holdings' own PB Ratio has ranged from 0.49 to 4.03 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.66, PROG Holdings has consistently been above 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 PB Ratio for a Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,046 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PROG Holdings's current PB Ratio of 2.24 is 34.9% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PROG Holdings and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PROG Holdings's current PB Ratio is 2.24, which is 22% above median its own 10-year median of 1.83. 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 $40.16, compared to a current price of $43.25 — trading 7.7% above its estimated fair value. The current PB Ratio is 2.24, which is 22% above median its 10-year median of 1.83 and 34.9% above the Business Services industry median of 1.66. PROG Holdings' overall GF Score™ is 90/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For PROG Holdings (PRG), the current PB Ratio is 2.24 as of Jul. 06, 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 $43.25 is trading 7.7% above its estimated GF Value™ of $40.16.
GuruFocus considers PROG Holdings to be Fairly Valued.
Key valuation signals for PRG:
PB Ratio: 2.24 (22% above median its 10-year median of 1.83)
GF Value™: $40.16 vs. price of $43.25 (7.7% above fair value)
Industry Position: 34.9% above the Business Services median (#668 of 1046)
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.
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