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PRGS Progress Software PE ratio, current and historical analysis

As of Apr 16, 2024, the Progress Software stock's P/E ratio is 31.9. This takes into account the latest EPS of $1.59 and stock price of $50.72. The PE ratio has decreased by 3.4% from its last 4 quarters average of 33.0.

PRGS PE ratio history

How has PRGS's PE ratio performed in the past

The PE ratio of Progress Software has averaged 39.8 over the last ten years. The current price-to-earnings ratio of 31.9 is 20% 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.

Average
39.8
Median
33.25
Minimum
17.8
Maximum
152.68

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

What is the average PE ratio of PRGS for the past years

The current PE ratio of PRGS is above its 3-year average, but it is under its 5 and 10-year averages.

3-year avg
27.6
5-year avg
32.54
10-year avg
39.8
15-year avg
35.7

PRGS PE vs peers

What is PRGS's PE ratio compared to its peers

When compared to its peer MSFT, PRGS's PE ratio is lower, but it is higher than ORCL's and IBM's. Progress Software's PE ratio is trading above the peer average of 24.67.

Stock name PE ratio Market cap
HPQ Hp Inc 8.03 $27.25B
IBM International Business Machines Corp 22.3 $168.45B
ORCL Oracle Corp 31.01 $331.53B
PRGS Progress Software Corp 31.9 $2.19B
MSFT Microsoft Corp 37.35 $3.08T

Frequently asked questions

What is Progress Software's PE ratio?

PRGS stock has a price to earnings ratio of 31.9 as of Apr 16, 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 27.6.

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 32.54.

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 20% 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 (Apr 16, 2024), Progress Software's share price is $50.72. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $1.59. Therefore, Progress Software's price to earnings ratio for today is 31.9. PE RATIO(31.9) = STOCK PRICE($50.72) / TTM EPS($1.59)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.