As of Sep 28, 2023, the Progress Software stock's P/E ratio is 28.38. This takes into account the latest EPS of $1.88 and stock price of $53.35. The PE ratio has increased by 7% from its last 4 quarters average of 26.5.
The PE ratio of Progress Software has averaged 39.26 over the last ten years. The current price-to-earnings ratio of 28.38 is 28% less than the historical average. Analyzing the last ten years, PRGS's PE ratio reached its highest point in the Aug 2016 quarter at 152.68, when the price was $29.01 and the EPS was $0.19. The lowest point was recorded in the May 2014 quarter, when it reached 17.8 with a price of $21.72 and an EPS of $1.22.
Maximum annual increase: 120.71% in 2019
Maximum annual decrease: -68.36% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 24.35 | -10.05% |
| 2021 | 27.07 | 20.15% |
| 2020 | 22.53 | -68.36% |
| 2019 | 71.2 | 120.71% |
| 2018 | 32.26 | -53.18% |
| 2017 | 68.9 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 26.59 | 38.27% |
| 2013 | 19.23 | -28.27% |
The current PE ratio of PRGS is above its 3-year average, but it is under its 5 and 10-year averages.
When compared to its peer stock AMSWA, PRGS's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PRGS Progress Software Corp | 28.19 | $2.3B |
| AMSWA American Software Inc | 34.97 | $394.28M |
PRGS stock has a price to earnings ratio of 28.38 as of Sep 28, 2023.
The average PE ratio for PRGS stock over the past 3 years is 25.27.
The average PE ratio for PRGS stock over the past 5 years is 32.61.
Over the last ten years, the Aug 2016 quarter recorded the highest quarterly PE ratio at 152.68.
PRGS's price to earnings ratio is currently 28% below its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Sep 28, 2023), Progress Software's share price is $53.35. The company's earnings per share for the trailing twelve months (TTM) ending May 2023 is $1.88. Therefore, Progress Software's price to earnings ratio for today is 28.38. PE RATIO(28.38) = STOCK PRICE($53.35) / TTM EPS($1.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.