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PROG Holdings (PROG Holdings) Cyclically Adjusted PS Ratio : 0.72 (As of May. 26, 2024)


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What is PROG Holdings Cyclically Adjusted PS Ratio?

As of today (2024-05-26), PROG Holdings's current share price is $35.50. PROG Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $49.63. PROG Holdings's Cyclically Adjusted PS Ratio for today is 0.72.

The historical rank and industry rank for PROG Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

PRG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.03   Max: 1.7
Current: 0.72

During the past years, PROG Holdings's highest Cyclically Adjusted PS Ratio was 1.70. The lowest was 0.28. And the median was 1.03.

PRG's Cyclically Adjusted PS Ratio is ranked better than
56.42% of 693 companies
in the Business Services industry
Industry Median: 0.88 vs PRG: 0.72

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PROG Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was $14.415. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $49.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PROG Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PROG Holdings's Cyclically Adjusted PS 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.

* Premium members only.

PROG Holdings Cyclically Adjusted PS Ratio Chart

PROG Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 1.42 1.09 0.37 0.64

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 PS Ratio 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 0.51 0.68 0.69 0.64 0.69

Competitive Comparison of PROG Holdings's Cyclically Adjusted PS Ratio

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

For the Business Services industry and Industrials sector, PROG Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PROG Holdings's Cyclically Adjusted PS Ratio falls into.



PROG Holdings Cyclically Adjusted PS Ratio Calculation

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

PROG Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.50/49.63
=0.72

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.415/131.7762*131.7762
=14.415

Current CPI (Mar. 2024) = 131.7762.

PROG Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.125 100.560 11.958
201409 9.612 100.428 12.612
201412 10.291 99.070 13.688
201503 11.280 99.621 14.921
201506 10.540 100.684 13.795
201509 10.505 100.392 13.789
201512 11.207 99.792 14.799
201603 11.670 100.470 15.306
201606 10.772 101.688 13.959
201609 10.505 101.861 13.590
201612 10.986 101.863 14.212
201703 11.667 102.862 14.947
201706 11.376 103.349 14.505
201709 11.636 104.136 14.725
201712 12.233 104.011 15.499
201803 13.258 105.290 16.593
201806 13.099 106.317 16.236
201809 13.588 106.507 16.812
201812 -11.519 105.998 -14.320
201903 14.717 107.251 18.082
201906 14.073 108.070 17.160
201909 14.039 108.329 17.078
201912 -11.671 108.420 -14.185
202003 9.850 108.902 11.919
202006 8.873 108.767 10.750
202009 8.970 109.815 10.764
202012 8.836 109.897 10.595
202103 10.563 111.754 12.455
202106 9.802 114.631 11.268
202109 9.797 115.734 11.155
202112 10.149 117.630 11.370
202203 12.754 121.301 13.855
202206 12.263 125.017 12.926
202209 12.381 125.227 13.029
202212 12.456 125.222 13.108
202303 13.609 127.348 14.082
202306 12.642 128.729 12.941
202309 12.635 129.860 12.821
202312 12.815 129.419 13.048
202403 14.415 131.776 14.415

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


PROG Holdings Cyclically Adjusted PS Ratio Related Terms

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


PROG Holdings (PROG Holdings) Business Description

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

PROG Holdings (PROG Holdings) Headlines