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Progress Software Corporation PRGS
$ 37.22 0.85%
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Quarterly report 2026-Q3
added 09-30-2026

Progress Software Corporation Financial Ratios 2025-2007 | PRGS

Brief overview of Progress Software Corporation's market valuation

Current figures are compared with the company's own five-year history for 2021–2025.

Key multiples at the end of the period are P/E 22.88x (median 27.03x), EV/EBITDA 16.06x (median 17.04x), P/S 1.71x (median 3.66x). Valuation is roughly 40.1% below five-year reference levels. The discount may reflect opportunity or higher perceived risk.

The 1/P/E calculation produces a 4.4% earnings yield. It does not capture future growth or capital structure.

End-period return metrics are ROE 15.3%, ROA 3%, ROCE 32%. Quality ratios send a mostly positive signal: resources are productive, with room for improvement.

On PEG (2.64x), valuation is stretched relative to growth and requires strong execution.

The time from paying for inputs to receiving cash rose from 17.4 days to 38 days. Cash turnover slowed.

Overall assessment

Progress Software Corporation combines solid capital returns with a discount to its own history. The main question is whether earnings and growth are sustainable.

Annual Financial Ratios Progress Software Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

22.9 40.3 36.2 24.0 27.0 25.1 70.3 25.2 54.8 -28.4 -137.1 28.0 18.8 27.4 21.6 28.0 28.8 26.5 -

P/S

1.7 3.7 3.7 3.8 4.0 4.5 4.5 4.0 5.2 3.9 3.2 4.2 4.2 3.9 2.4 - - - -

EPS

1.7 1.6 1.6 2.2 1.8 1.8 0.6 1.1 0.6 -1.1 -0.2 1.0 1.4 0.8 0.9 0.8 0.5 0.8 -

EV (Enterprise Value)

1.58 B 2.64 B 2.42 B 2.02 B 1.96 B 1.91 B 2.25 B 1.82 B 2.26 B 1.72 B 1.35 B 1.28 B 1.38 B 1.24 B 1.35 B 1.06 B 767 M 1.13 B -53.9 M

EBITDA per Share

3.71 3.01 2.69 3.15 2.77 2.54 2.11 2.35 2.23 1.68 0.888 1.76 1.46 0.934 1.54 1.6 1.05 1.23 -

EV/EBITDA

9.9 20.3 20.7 14.7 16.1 17.0 21.2 15.1 19.0 18.2 25.5 12.5 15.2 17.0 11.0 10.4 12.2 15.1 -

PEG

2.64 4.97 9.79 3.13 2.35 0.91 -1.22 0.32 -0.32 -0.05 1.17 -0.96 0.23 -1.74 1.26 - - - -

P/B

0.7 1.1 1.6 1.6 1.6 1.9 5.6 5.2 5.4 3.9 2.3 2.6 2.7 2.0 2.0 1.4 1.2 - -

P/CF

7.1 13.0 14.6 11.9 11.9 13.8 14.9 14.0 20.0 16.3 12.6 14.5 -2924.9 13.5 11.6 14.0 15.0 14.1 -

ROE %

15.29 15.60 15.27 23.86 19.01 23.04 7.99 20.48 9.95 -13.70 -1.68 9.10 14.58 7.43 9.44 6.97 5.87 9.62 -

ROA %

2.98 2.71 4.38 6.74 5.75 7.65 3.00 9.91 5.21 -7.38 -1.00 7.03 10.98 5.36 6.79 5.13 4.10 - -

ROCE %

32.05 28.26 24.04 33.16 28.15 31.13 11.27 21.07 18.46 12.75 4.72 16.16 15.25 8.96 14.73 13.25 9.17 13.37 -

Current Ratio

- - - - - - 1.2 1.2 1.3 1.6 1.6 2.5 2.1 2.2 1.8 - - - -

DSO

67.1 70.1 58.8 59.9 63.2 64.7 73.9 53.7 56.2 59.1 64.2 75.0 73.0 77.1 75.9 - - - -

DIO

- - 7.3 9.7 - - - - - - - - - - - - - - -

DPO

29.0 36.8 31.2 36.6 45.7 60.5 51.4 57.7 47.5 72.2 64.1 125.2 99.7 87.8 24.9 113.4 24.3 - -

Operating Cycle

67.1 70.1 66.0 69.7 63.1 64.7 73.9 53.7 56.2 59.1 64.2 75.0 73.0 77.1 75.9 - - - -

Cash Conversion Cycle

38.0 33.3 34.8 33.0 17.4 4.3 22.5 -4.0 8.7 -13.0 0.2 -50.2 -26.8 -10.7 51.0 -113.4 -24.3 - -

All numbers in USD currency

Quarterly Financial Ratios Progress Software Corporation

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3

EPS

0.45 0.5 0.54 - 0.45 0.4 0.25 - 0.66 0.37 0.52 - 0.44 0.28 0.55 - 0.5 0.67 0.47 - 0.71 0.31 0.43 0.39 0.53 0.38 0.47 -0.11 0.3 0.18 0.21 0.19 0.32 0.28 0.3 0.35 0.23 0.21 -0.01 -1.52 0.16 0.15 0.06 -0.19 -0.08 0.11 -0.02 0.29 0.22 0.25 0.22 0.28 0.46 0.07 0.54 0.2 0.09 -0.03 0.12 0.19 0.14 0.27 0.31 - 0.21

EBITDA per Share

1.89 1.16 1.14 - 1.89 1.75 0.79 - 1.41 1.18 0.84 - 1.27 1.12 0.86 - 1.14 1.32 0.7 - 1.15 0.57 0.65 0.42 0.84 0.64 0.72 -0.13 0.48 0.41 0.38 0.24 0.54 0.48 0.45 0.61 0.54 0.5 0.07 -1.28 0.41 0.34 0.18 0.4 0.32 0.04 -0.17 0.53 0.53 0.49 0.32 0.46 0.34 0.36 0.31 0.31 0.29 0.28 0.44 0.46 0.43 0.48 0.39 - 0.57

ROE %

17.23 16.56 14.93 10.36 17.05 17.01 18.16 15.62 19.91 16.11 17.81 12.90 18.84 22.37 25.04 19.32 27.12 24.89 21.66 16.11 21.21 20.34 21.53 23.04 16.50 13.68 11.25 7.99 12.10 12.43 13.94 15.33 16.73 15.25 14.02 9.64 -11.09 -12.19 -13.16 -12.22 2.63 -0.02 -0.71 -1.68 2.79 5.62 6.88 9.10 9.37 12.16 10.57 14.58 17.30 13.38 12.32 7.43 3.74 4.27 7.45 9.57 9.08 2.88 3.29 - 1.46

ROA %

3.44 3.36 2.90 1.95 3.71 4.37 4.86 4.42 5.17 3.41 4.85 3.39 5.01 5.96 6.72 5.28 7.71 7.18 6.42 4.91 6.61 6.48 7.02 7.65 5.42 4.66 3.96 3.00 4.88 5.57 6.65 7.71 8.65 7.98 7.41 5.21 -6.86 -7.41 -7.88 -7.38 1.31 -0.16 -0.47 -1.00 2.13 4.18 5.35 7.04 7.18 9.25 8.00 10.98 12.85 9.87 9.08 5.36 2.70 3.09 5.37 6.89 6.56 2.07 2.37 - 1.07

ROCE %

37.43 35.96 34.54 25.22 34.70 32.28 31.33 23.82 30.42 26.44 28.29 20.71 29.43 33.64 36.14 27.53 39.13 36.50 32.34 24.34 29.69 27.68 28.90 31.13 23.96 19.20 16.35 12.14 17.37 18.43 19.69 20.93 24.65 24.15 23.82 18.24 -2.97 -5.02 -7.38 -6.06 11.87 10.17 6.61 2.82 3.96 5.89 10.14 14.86 14.54 12.84 11.91 12.41 10.68 10.57 9.77 10.62 12.24 13.90 16.33 16.23 14.29 4.43 3.83 - 2.60

DSO

58.6 49.1 57.3 - 53.2 51.2 55.6 - 22.4 23.1 53.0 - 48.7 46.2 53.1 - 44.4 46.4 58.7 - 43.7 61.0 69.2 62.7 69.9 76.4 65.2 56.8 62.3 66.5 67.5 55.5 57.0 56.7 58.7 48.1 57.4 59.9 63.6 50.9 58.8 62.4 67.4 53.8 64.1 68.3 75.6 63.7 78.6 77.1 82.7 67.0 78.5 74.6 75.0 74.6 86.9 87.1 95.1 108.2 81.3 75.2 109.4 - -

DIO

- - - - - - - - - - - - - - - - 14.2 11.3 13.2 - - 8.4 9.0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

26.0 25.5 28.9 - 21.0 23.0 28.3 - 16.9 14.1 31.0 - 22.0 23.8 34.4 - 33.8 34.2 34.8 - 41.0 49.7 49.9 - 61.8 63.9 63.1 - 46.5 54.9 60.3 - 57.9 58.1 52.9 - 45.4 47.3 63.7 - 69.0 73.0 70.0 - 67.5 64.8 59.4 - 136.4 145.3 123.4 - 102.4 102.8 92.5 - 100.8 111.0 75.0 - 25.9 24.6 36.8 - -

Operating Cycle

- - - - 53.2 51.2 55.6 - - - 53.0 - 48.7 46.2 53.1 - 58.6 57.8 71.9 - 43.7 69.4 78.2 62.7 69.9 76.4 65.2 56.8 62.3 66.5 67.5 55.5 57.0 56.7 58.7 48.1 57.4 59.9 63.6 50.9 58.8 62.4 67.4 53.8 64.1 68.3 75.6 63.7 78.6 77.1 82.7 67.0 78.5 74.6 75.0 74.6 86.9 87.1 95.1 108.2 81.3 75.2 - - -

Cash Conversion Cycle

- - - - 32.2 28.2 27.3 - - - 22.0 - 26.7 22.4 18.8 - 24.8 23.6 37.1 - 2.7 19.7 28.3 62.7 8.1 12.5 2.2 56.8 15.8 11.5 7.2 55.5 -0.9 -1.4 5.8 48.1 12.0 12.6 -0.0 50.9 -10.2 -10.7 -2.7 53.8 -3.4 3.4 16.2 63.7 -57.8 -68.2 -40.7 67.0 -23.9 -28.2 -17.6 74.6 -13.9 -23.9 20.0 108.2 55.4 50.6 - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Progress Software Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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