Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Progress Software's Enterprise Value is $2,656.0 Mil.
Progress Software's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was $166.3 Mil. Therefore, Progress Software's EV-to-EBIT ratio for today is 15.97.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Progress Software's Enterprise Value is $2,656.0 Mil.
Progress Software's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was $315.7 Mil. Therefore, Progress Software's EV-to-EBITDA ratio for today is 8.41.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Progress Software's Enterprise Value is $2,656.0 Mil.
Progress Software's Revenue for the trailing twelve months (TTM) ended in Feb. 2026 was $987.6 Mil. Therefore, Progress Software's EV-to-Revenue ratio for today is 2.69.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Progress Software (NAS:PRGS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Progress Software's current Enterprise Value is $2,656.0 Mil.
Progress Software's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $166.3 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Progress Software's current Enterprise Value is $2,656.0 Mil.
Progress Software's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $315.7 Mil.
Progress Software's current Enterprise Value is $2,656.0 Mil.
Progress Software's Revenue for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $987.6 Mil.
Progress Software's current Enterprise Value is $2,656.0 Mil.
Progress Software's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $264.9 Mil.
Progress Software's current Enterprise Value is $2,656.0 Mil.
Progress Software's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $257.7 Mil.
* 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.
Progress Software Enterprise Value Related Terms
Progress Software Enterprise Value Historical Data
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The historical data trend for Progress Software's Enterprise Value 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 PICS, TUYA, GCT: Enterprise Value Comparison
For the Software - Infrastructure subindustry, Progress Software's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Software Industry
For the Software industry and Technology sector, Progress Software's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Progress Software's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Progress Software's Enterprise Value for the fiscal year that ended in Nov. 2025 is calculated as
* 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.
What does a Enterprise Value of $2,656.0 Mil mean?
Progress Software (PRGS) has a Enterprise Value of $2,656.0 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Progress Software and its competitors.
Is Progress Software's Enterprise Value too high?
Progress Software's current Enterprise Value is $2,656.0 Mil. Overall, Progress Software has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progress Software's Enterprise Value compare to PICS and TUYA?
Progress Software's Enterprise Value of $2,656.0 Mil 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 Enterprise Value for a Software company?
A good Enterprise Value depends on the Software industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Progress Software and its competitors. Progress Software's current Enterprise Value is $2,656.0 Mil. 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 $78.70, compared to a current price of $33.12 — trading 57.9% below its estimated fair value. The current Enterprise Value is $2,656.0 Mil. Progress Software's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Progress Software (PRGS), the current Enterprise Value is $2,656.0 Mil as of Jun. 28, 2026. 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 $33.12 is trading 57.9% below its estimated GF Value™ of $78.70.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for PRGS:
Enterprise Value: $2,656.0 Mil
GF Value™: $78.70 vs. price of $33.12 (57.9% 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.
69GF Score
Get the complete analysis for PRGS
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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