PROG Holdings, Inc. logo PRG - PROG Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $42.50 DETAILS
HIGH: $47.50
LOW: $35.00
MEDIAN: $45.00
CONSENSUS: $42.50
UPSIDE: 27.02%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 55.4% below fair value
Current Price $33.46
Bear Case $59.98 79.2% upside ($59.98 - $33.46) / $33.46 = 79.2% $3.69 × 18x P/E
Fair Value $74.97 124.1% upside ($74.97 - $33.46) / $33.46 = 124.1% $3.69 × 22x P/E
Bull Case $89.96 168.9% upside ($89.96 - $33.46) / $33.46 = 168.9% $3.69 × 27x P/E

Adjust Assumptions

22.5x
3.69$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 9.1x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $42.50 from 8 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $74.97 per share.

Warnings

Wall Street's average price target is $42.50 (from 8 analysts). Our estimate is 96% above the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples