As of Jul 25, 2024, the Progress Software stock's P/E ratio is 34.19. This takes into account the latest EPS of $1.68 and stock price of $57.44. The PE ratio has increased by 4.9% from its last 4 quarters average of 32.6.
The PE ratio of Progress Software has averaged 40.17 over the last ten years. The current price-to-earnings ratio of 34.19 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.
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% |
The current PE ratio of PRGS is above its 3 and 5-year averages, but it is under its 10-year average.
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 26.42.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.11 | $35.56B |
| IBM International Business Machines Corp | 21.38 | $176.14B |
| PRGS Progress Software Corp | 34.46 | $2.48B |
| ORCL Oracle Corp | 36.39 | $383.09B |
| MSFT Microsoft Corp | 36.69 | $3.16T |
PRGS stock has a price to earnings ratio of 34.19 as of Jul 25, 2024.
The average PE ratio for PRGS stock over the past 3 years is 27.89.
The average PE ratio for PRGS stock over the past 5 years is 31.78.
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 15% 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 (Jul 25, 2024), Progress Software's share price is $57.44. The company's earnings per share for the trailing twelve months (TTM) ending May 2024 is $1.68. Therefore, Progress Software's price to earnings ratio for today is 34.19. PE RATIO(34.19) = STOCK PRICE($57.44) / TTM EPS($1.68)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.