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Progress Software (NAS:PRGS) Book to Bill Ratio Explanation
The book-to-bill ratio is the ratio of orders received to units shipped and billed for a specified period, generally a month or quarter. It is a widely used metric in the technology industry, specifically in the semiconductor equipment sector. The book-to-bill ratio reveals how quickly a business fulfills the demand for its products.
Investors and analysts closely watch this ratio for an indication of the performance and outlook for individual companies and the technology sector as a whole. A ratio above 1.0 implies more orders were received than filled, indicating strong demand, while a ratio below 1.0 implies weaker demand.
Progress Software Book to Bill Ratio Related Terms
Progress Software Book to Bill Ratio Historical Data
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The historical data trend for Progress Software's Book to Bill Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PRGS vs PGY, ATEN, EVTC: Book to Bill Ratio Comparison
For the Software - Infrastructure subindustry, Progress Software's Book to Bill Ratio, along with its competitors' market caps and Book to Bill Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Progress Software (NAS:PRGS) Book to Bill Ratio Calculation
Book to Bill Ratio is calculated as
Book to Bill Ratio
=
Orders Received
/
Orders Shipped
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Book to Bill Ratio of 0.00 mean?
Progress Software (PRGS) has a Book to Bill Ratio of 0.00 as of Nov. 2018. Book to Bill Ratio is the ratio of orders received to units billed for a specified period. View historical data on Progress Software and its competitors.
Is Progress Software's Book to Bill Ratio too high?
Progress Software's current Book to Bill Ratio is 0.00. Overall, Progress Software has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progress Software's Book to Bill Ratio compare to PGY and ATEN?
Progress Software's Book to Bill Ratio of 0.00 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book to Bill Ratio for a Software company?
A good Book to Bill Ratio depends on the Software industry context. However, Book to Bill Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book to Bill Ratio mean?
A high Book to Bill Ratio can signal that a stock is expensive relative to its fundamentals. Book to Bill Ratio is the ratio of orders received to units billed for a specified period. View historical data on Progress Software and its competitors. Progress Software's current Book to Bill Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progress Software stock overvalued right now?
Based on GuruFocus' analysis, Progress Software (PRGS) is currently considered Possible Value Trap. The stock's GF Value™ is $78.94, compared to a current price of $40.81 — trading 48.3% below its estimated fair value. The current Book to Bill Ratio is 0.00. Progress Software's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book to Bill Ratio calculated?
Book to Bill Ratio is calculated from a company's financial statements. For Progress Software (PRGS), the current Book to Bill Ratio is 0.00 as of Nov. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Progress Software (PRGS) Overvalued in 2026?
Based on GuruFocus' analysis, Progress Software stock appears to be undervalued.
The current stock price of $40.81 is trading 48.3% below its estimated GF Value™ of $78.94.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for PRGS:
Book to Bill Ratio: 0.00
GF Value™: $78.94 vs. price of $40.81 (48.3% below fair value)
No single metric tells the full story. See the PRGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progress Software Corp provides software products that enable customers to develop, deploy, and manage AI-powered applications and digital experiences. The Company operates across North America, Latin America, Europe, the Middle East and Africa (EMEA), and Asia Pacific through subsidiaries and distributors, generating a majority of its revenue from the United States. Its product portfolio includes Progress Agentic RAG, Automate MFT, Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, and WhatsUp Gold, offering solutions for application development, data connectivity, DevOps automation, managed file transfer, network security, and digital experience. It generates maximum revenue from the United States.
83GF Score
Get the complete analysis for PRGS
Book to Bill Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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