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PROG HoldingsFRA:AZD +2.63%90 Return-on-Tangible-Equity is 73.91% as of Mar. 2026, which is 83% above its 10-year median of 40.37. GuruFocus rates FRA:AZD with a GF Score™ of 90/100 and a GF Value™ of €34.83 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,009 Business Services companies, PROG Holdings ranks better than 86.22% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PROG Holdings's annualized net income for the quarter that ended in Mar. 2026 was €125 Mil. PROG Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €169 Mil. Therefore, PROG Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 73.91%.
The historical rank and industry rank for PROG Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:AZD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.77 Med: 40.37 Max: 81.5
Current: 55.42
During the past 13 years, PROG Holdings's highest Return-on-Tangible-Equity was 81.50%. The lowest was -6.77%. And the median was 40.37%.
FRA:AZD's Return-on-Tangible-Equity is ranked better than 86.22% of 1009
companies
in the Business Services industry
Industry Median: 10.61
vs FRA:AZD: 55.42
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PROG Holdings Return-on-Tangible-Equity Related Terms
PROG Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PROG Holdings's Return-on-Tangible-Equity 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.
FRA:AZD vs VSTS, WLFC, CTOS: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, PROG Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, PROG Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PROG Holdings's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 73.91% mean?
PROG Holdings (FRA:AZD) has a Return-on-Tangible-Equity of 73.91% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PROG Holdings and its competitors. This is 83% above median its historical median of 40.37. According to the industry distribution chart, PROG Holdings ranks #139 out of 1009 companies in the Business Services industry, placing it in the top 13.8%.
Is PROG Holdings' Return-on-Tangible-Equity too high?
PROG Holdings' current Return-on-Tangible-Equity of 73.91% is 83% above median its 10-year median of 40.37. The Business Services industry median Return-on-Tangible-Equity is 10.61. PROG Holdings' value of 73.91% is 596.6% above this industry median. Based on the distribution chart, PROG Holdings ranks #139 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PROG Holdings has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PROG Holdings' Return-on-Tangible-Equity compare to VSTS and WLFC?
According to the Business Services industry distribution chart, PROG Holdings ranks #139 out of 1009 companies for Return-on-Tangible-Equity. This places PROG Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.61. PROG Holdings' value of 73.91% is 596.6% above this benchmark. While the company's 10-year median is 40.37 vs. the industry median of 10.61, 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 Return-on-Tangible-Equity for a Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.61, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PROG Holdings's current Return-on-Tangible-Equity of 73.91% is 596.6% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PROG Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PROG Holdings's current Return-on-Tangible-Equity is 73.91%, which is 83% above median its own 10-year median of 40.37. 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 (FRA:AZD) is currently considered Modestly Overvalued. The stock's GF Value™ is €34.83, compared to a current price of €39.00 — trading 12% above its estimated fair value. The current Return-on-Tangible-Equity is 73.91%, which is 83% above median its 10-year median of 40.37 and 596.6% above the Business Services industry median of 10.61. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PROG Holdings (FRA:AZD), the current Return-on-Tangible-Equity is 73.91% 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 (FRA:AZD) Overvalued in 2026?
Based on GuruFocus' analysis, PROG Holdings stock appears to be overvalued.
The current stock price of €39.00 is trading 12% above its estimated GF Value™ of €34.83.
GuruFocus considers PROG Holdings to be Modestly Overvalued.
Key valuation signals for FRA:AZD:
Return-on-Tangible-Equity: 73.91% (83% above median its 10-year median of 40.37)
GF Value™: €34.83 vs. price of €39.00 (12% above fair value)
Industry Position: 596.6% above the Business Services median (#139 of 1009)
No single metric tells the full story. See the FRA:AZD 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
Get the complete analysis for FRA:AZD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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