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PROG Holdings (PROG Holdings) Cyclically Adjusted Price-to-FCF : 8.83 (As of May. 26, 2024)


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What is PROG Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), PROG Holdings's current share price is $35.50. PROG Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.02. PROG Holdings's Cyclically Adjusted Price-to-FCF for today is 8.83.

The historical rank and industry rank for PROG Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

PRG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.47   Med: 21.03   Max: 72.55
Current: 8.83

During the past years, PROG Holdings's highest Cyclically Adjusted Price-to-FCF was 72.55. The lowest was 3.47. And the median was 21.03.

PRG's Cyclically Adjusted Price-to-FCF is ranked better than
75.49% of 359 companies
in the Business Services industry
Industry Median: 18.39 vs PRG: 8.83

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PROG Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.001. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PROG Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PROG Holdings's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

PROG Holdings Cyclically Adjusted Price-to-FCF Chart

PROG Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.93 19.39 15.13 4.66 8.30

PROG Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 6.15 8.02 8.25 8.30 8.57

Competitive Comparison of PROG Holdings's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, PROG Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PROG Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PROG Holdings's Cyclically Adjusted Price-to-FCF falls into.



PROG Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

PROG Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.50/4.02
=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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PROG Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.001/131.7762*131.7762
=3.001

Current CPI (Mar. 2024) = 131.7762.

PROG Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.232 100.560 -1.614
201409 0.046 100.428 0.060
201412 -0.696 99.070 -0.926
201503 2.954 99.621 3.907
201506 -0.242 100.684 -0.317
201509 -0.296 100.392 -0.389
201512 -0.940 99.792 -1.241
201603 2.480 100.470 3.253
201606 1.542 101.688 1.998
201609 1.658 101.861 2.145
201612 -0.084 101.863 -0.109
201703 1.266 102.862 1.622
201706 -0.040 103.349 -0.051
201709 0.685 104.136 0.867
201712 -0.512 104.011 -0.649
201803 2.490 105.290 3.116
201806 0.772 106.317 0.957
201809 1.085 106.507 1.342
201812 -0.467 105.998 -0.581
201903 2.049 107.251 2.518
201906 0.809 108.070 0.986
201909 1.269 108.329 1.544
201912 -0.889 108.420 -1.081
202003 3.009 108.902 3.641
202006 1.817 108.767 2.201
202009 2.555 109.815 3.066
202012 -1.596 109.897 -1.914
202103 2.421 111.754 2.855
202106 1.022 114.631 1.175
202109 0.814 115.734 0.927
202112 -0.811 117.630 -0.909
202203 1.723 121.301 1.872
202206 1.025 125.017 1.080
202209 2.481 125.227 2.611
202212 -0.872 125.222 -0.918
202303 3.235 127.348 3.347
202306 0.965 128.729 0.988
202309 1.834 129.860 1.861
202312 -2.019 129.419 -2.056
202403 3.001 131.776 3.001

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PROG Holdings  (NYSE:PRG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PROG Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PROG Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PROG Holdings (PROG Holdings) Business Description

Industry
Traded in Other Exchanges
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: (i) Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and (ii) 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.
Executives
Michael Todd King officer: Chief Legal and Compliance Off 256 WEST DATA DRIVE, DRAPER UT 84020
Thomas Eugene Vin Iv officer: General Counsel and Corp Sec 632 NORTH TARA COURT, WHICHITA KS 67206
Brian Garner officer: Chief Financial Officer 256 WEST DATA DR, DRAPER UT 84020
Curtis Linn Doman director, officer: Chief Innovation Officer-PROG 256 DATA DR, DRAPER UT 84020
Steven A Michaels director, officer: CEO 256 DATA DR, DRAPER UT 84020
Ramon Michael Martinez director 256 WEST DATA DRIVE, DRAPER UT 84020
Caroline Sio-chin Sheu director 256 WEST DATA DRIVE, DRAPER UT 84020
Douglas C Curling director 1000 ALDERMAN DRIVE, ALPHARETTA GA 30005
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Kathy T Betty director 309 E. PACES FERRY ROAD, ATLANTA GA 30305
Cynthia N Day director 75 PIEDMONT AVE, ATLANTA GA 30303
James P. Smith director 256 WEST DATA DRIVE, DRAPER UT 84020
George M Sewell officer: Principal Acct Off, VP Fin Rep 256 WEST DATA DR, DRAPER UT 84020
Blake Wakefield officer: President, Chief Revenue Off 256 WEST DATA DR, DRAPER UT 84020
Marvin A Fentress officer: General Counsel, Corp Sec 256 WEST DATA DR, DRAPER UT 84020