PRGS Progress Software PE ratio, current and historical analysis
As of Oct 29, 2024, the Progress Software stock's P/E ratio is 34.26. This takes into account the latest EPS of $1.9 and stock price of $65.1. The PE ratio has increased by 7% from its last 4 quarters average of 31.9.
PRGS PE ratio history
The PE ratio of Progress Software has averaged 40.39 over the last ten years. The current price-to-earnings ratio of 34.26 is 15% 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 2022 quarter, when it reached 22.06 with a price of $48.31 and an EPS of $2.19.
Progress Software PE ratio by year
Maximum annual increase: 120.71% in 2019
Maximum annual decrease: -68.36% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 33.25 | 36.55% |
| 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% |
PRGS average PE ratio chart
The current PE ratio of PRGS is above its 3 and 5-year averages, but it is under its 10-year average.
PRGS PE vs peers
When compared to its peers MSFT and ORCL, PRGS's PE ratio is lower, but it is higher than IBM's and HPQ's. Progress Software's PE ratio is trading above the peer average of 28.91.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.77 | $35.43B |
| IBM International Business Machines Corp | 22.4 | $190.23B |
| PRGS Progress Software Corp | 34.26 | $2.79B |
| MSFT Microsoft Corp | 36.83 | $3.25T |
| ORCL Oracle Corp | 44.07 | $487.19B |
Frequently asked questions
What is Progress Software's PE ratio?
PRGS stock has a price to earnings ratio of 34.26 as of Oct 29, 2024.
What is the 3-year average PE ratio for Progress Software (PRGS)?
The average PE ratio for PRGS stock over the past 3 years is 28.34.
What is the 5-year average PE ratio for Progress Software (PRGS)?
The average PE ratio for PRGS stock over the past 5 years is 31.16.
What is the highest PE ratio for PRGS?
Over the last ten years, the Aug 2016 quarter recorded the highest quarterly PE ratio at 152.68.
How does the current PE ratio for PRGS compare to its historical average?
PRGS's price to earnings ratio is currently 15% below its 10-year historical average.
How is PRGS's PE ratio calculated (Progress Software PE ratio formula)?
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 (Oct 29, 2024), Progress Software's share price is $65.1. The company's earnings per share for the trailing twelve months (TTM) ending Aug 2024 is $1.9. Therefore, Progress Software's price to earnings ratio for today is 34.26. PE RATIO(34.26) = STOCK PRICE($65.1) / TTM EPS($1.9)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.