Since its trough in January, the stock has appreciated by 18% in two months. Despite this impressive performance, Aaron's, Inc. (NYSE : AAN)'s valuation is not too demanding, trading at forward P/E and EV/EBITDA multiples of 16.9X and 7.7X, respectively, in line with its peer group. From an earnings standpoint, recent results were not pretty and growth has been below average but the retailer's margins are in-line with peers. In addition, Aaron's has a healthy balance sheet and superior free cash flow generation, a portion of which it returns to shareholders regularly through dividends and share repurchases.