Is PROG Holdings, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for PROG Holdings, Inc. has moved from expensive to very expensive, indicating a significant deterioration in its valuation outlook. The company is currently overvalued, as evidenced by its P/E ratio of 8, which is notably lower than the peer average, and its EV to EBITDA ratio of 1.19, which is also below the industry benchmarks. Additionally, the PEG ratio stands at a remarkably low 0.12, further highlighting the disconnect between its price and growth prospects.
In comparison to its peers, PROG Holdings, Inc. has a P/E ratio that is significantly lower than SLM Corp. at 23.91 and H&E Equipment Services, Inc. at 34.29, both of which are classified as very expensive. The company's recent stock performance has been poor, with a year-to-date return of -37.25% compared to the S&P 500's positive return of 14.49%, reinforcing the notion that the stock is overvalued in the current market context.