Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Progress Software's earnings per share without non-recurring items for the
three
months ended in May. 2026 was $1.62.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in May. 2026 was $6.23.
During the past 12 months, Progress Software's average earnings per share (NRI) Growth Rate was 40.30% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 11.50% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 11.70% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 14.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Progress Software's EPS without NRI or its related term are showing as below:
PRGS'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -41.3 Med: 14.05 Max: 130.4
Current: 11.5
During the past 13 years, Progress Software's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 130.40% per year. The lowest was -41.30% per year. And the median was 14.05% per year.
PRGS's 3-Year EPS without NRI Growth Rate is ranked worse than 51.28% of 2075
companies
in the Software industry
Industry Median: 12.5
vs PRGS: 11.50
Progress Software's EPS (Basic) for the
three
months ended in May. 2026 was $0.50.
Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was $2.09.
Progress Software (NAS:PRGS) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Progress Software EPS without NRI Related Terms
Progress Software EPS without NRI Historical Data
* Premium members only.
The historical data trend for Progress Software's EPS without NRI 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, NN, APPN: EPS without NRI Comparison
For the Software - Infrastructure subindustry, Progress Software's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Software Industry
For the Software industry and Technology sector, Progress Software's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Progress Software's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.23
* 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 (PRGS) has a EPS without NRI of $6.23 as of May. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Progress Software and its competitors. According to the industry distribution chart, Progress Software ranks #1064 out of 2075 companies in the Software industry, placing it in the top 51.3%.
Is Progress Software's EPS without NRI too high?
Progress Software's current EPS without NRI is $6.23. The Software industry median EPS without NRI is 12.50. Progress Software's value of $6.23 is 50.2% below this industry median. Based on the distribution chart, Progress Software ranks #1064 out of 2075 companies in the Software industry, which is below the industry midpoint. Overall, Progress Software has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progress Software's EPS without NRI compare to PICS and NN?
According to the Software industry distribution chart, Progress Software ranks #1064 out of 2075 companies for EPS without NRI. This places Progress Software in the lower half of its industry. The industry median EPS without NRI is 12.50. Progress Software's value of $6.23 is 50.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Software company?
The median EPS without NRI among Software companies is 12.50, based on 2,075 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progress Software's current EPS without NRI of $6.23 is 50.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Progress Software and its competitors. For the Software industry, the median EPS without NRI is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current EPS without NRI is $6.23. 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 $78.84, compared to a current price of $42.75 — trading 45.8% below its estimated fair value. The current EPS without NRI is $6.23 and 50.2% below the Software industry median of 12.50. Progress Software's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Progress Software (PRGS), the current EPS without NRI is $6.23 as of May. 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 $42.75 is trading 45.8% below its estimated GF Value™ of $78.84.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for PRGS:
EPS without NRI: $6.23
GF Value™: $78.84 vs. price of $42.75 (45.8% below fair value)
Industry Position: 50.2% below the Software median (#1064 of 2075)
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.
79GF Score
Get the complete analysis for PRGS
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PRGS has been successfully added to your 
