Progress SoftwarePRGS +11.15%69 PB Ratio is 2.79 as of Jun. 28, 2026, which is 47% below its 10-year median of 5.27. GuruFocus rates PRGS with a GF Score™ of 69/100 and a GF Value™ of $78.70 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,623 Software companies, Progress Software ranks worse than 57.8% on this metric.
The historical rank and industry rank for Progress Software's PB Ratio or its related term are showing as below:
PRGS'
s PB Ratio Range Over the Past 10 Years
Min: 2.25 Med: 5.27 Max: 6.98
Current: 2.79
During the past 13 years, Progress Software's highest PB Ratio was 6.98. The lowest was 2.25. And the median was 5.27.
PRGS's PB Ratio is ranked worse than 57.8% of 2623
companies
in the Software industry
Industry Median: 2.33
vs PRGS: 2.79
During the past 12 months, Progress Software's average Book Value Per Share Growth Rate was 18.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Progress Software was 83.50% per year. The lowest was -11.40% per year. And the median was 8.65% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Progress Software PB Ratio Related Terms
Progress Software PB Ratio Historical Data
* Premium members only.
The historical data trend for Progress Software's PB 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.
For the Software - Infrastructure subindustry, Progress Software's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Progress Software's PB Ratio distribution charts can be found below:
* The bar in red indicates where Progress Software's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Progress Software (PRGS) has a PB Ratio of 2.79 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Progress Software and its competitors. This is 47% below median its historical median of 5.27. Over the past decade, Progress Software's PB Ratio has ranged from 2.25 to 6.98. According to the industry distribution chart, Progress Software ranks #1516 out of 2623 companies in the Software industry, placing it in the top 57.8%.
Is Progress Software's PB Ratio too high?
Progress Software's current PB Ratio of 2.79 is 47% below median its 10-year median of 5.27. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 6.98. The Software industry median PB Ratio is 2.33. Progress Software's value of 2.79 is 19.7% above this industry median. Based on the distribution chart, Progress Software ranks #1516 out of 2623 companies in the Software industry, which is below the industry midpoint. 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 PB Ratio compare to PICS and TUYA?
According to the Software industry distribution chart, Progress Software ranks #1516 out of 2623 companies for PB Ratio. This places Progress Software in the lower half of its industry. The industry median PB Ratio is 2.33. Progress Software's value of 2.79 is 19.7% above this benchmark. Historically, Progress Software's own PB Ratio has ranged from 2.25 to 6.98 over the past decade. While the company's 10-year median is 5.27 vs. the industry median of 2.33, Progress Software has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.33, based on 2,623 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progress Software's current PB Ratio of 2.79 is 19.7% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Progress Software and its competitors. For the Software industry, the median PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current PB Ratio is 2.79, which is 47% below median its own 10-year median of 5.27. 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 PB Ratio is 2.79, which is 47% below median its 10-year median of 5.27 and 19.7% above the Software industry median of 2.33. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Progress Software (PRGS), the current PB Ratio is 2.79 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:
PB Ratio: 2.79 (47% below median its 10-year median of 5.27)
GF Value™: $78.70 vs. price of $33.12 (57.9% below fair value)
Industry Position: 19.7% above the Software median (#1516 of 2623)
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
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