Stock AnalizProgress Software Corp. PRGS
Computer Software: Prepackaged Software · IPO 1991 · data as of November 13, 2026
Progress Software Corp. (PRGS) is a technology company listed in the US with a market value of about $1.8B. In the twelve months to August 31, 2026 it had revenue of $1000M and net income of $92M, a net margin of 9.2%.
Its overall Stock Analiz score is 2.8 out of 5 (average). The strongest part is value (4/5); the weakest is financial health (1/5).
Key numbers: a P/E of 20.2, a price to free cash flow of 5.6, 5-year revenue growth of 17% a year, a 5-year average ROIC of 8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 361% above the current price.
Score: 2.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
Checks not passed
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- More cash than debt, or low debt to equity
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1000M | $978M | $753M | $694M | $602M | $531M | $442M | $413M | $379M | $398M | $405M |
| Net income | $92M | $73M | $68M | $70M | $95M | $78M | $80M | $26M | $50M | $29M | -$56M |
| Free cash flow | $319M | $229M | $206M | $168M | $186M | $174M | $138M | $124M | $114M | $102M | $97M |
| EPS (diluted) | $2.17 | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.76 | $0.58 | $1.08 | $0.60 | $-1.13 |
| Net margin | 9.2% | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% | 7.3% | -13.8% |
| ROIC | — | 7.2% | 4.5% | 8.0% | 10.2% | 8.9% | 11.6% | 5.9% | 12.6% | 6.0% | -4.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $56.20, 28% above the current price; targets range from $40.00 to $83.00; the consensus rating is “none”; expected EPS is $6.20 for the fiscal year ending November 30, 2026.
Frequently asked questions
What is Progress Software’s P/E ratio?
About 20.2, based on the last twelve months of diluted earnings per share (forward P/E about 6.8).
Is Progress Software stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 361% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Progress Software pay a dividend?
Not currently.
Is Progress Software a good stock to buy?
We do not give buy or sell advice. Progress Software scores 2.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.