PRGS (Progress Software) Price-to-Tangible-Book: (As of Aug. 28, 2026)

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Director of Data and Quant Analytics at GuruFocus
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PRGS Progress Software Corp PRGS
81 GF Score
Price $44.76
GF Value $78.88
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Progress Software Price-to-Tangible-Book?

As of today (2026-08-28), Progress Software's share price is $44.76. Progress Software's Tangible Book per Share of May. 2026 for the quarter that ended in May. 2026 was $-31.91. Hence, Progress Software's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Progress Software's Price-to-Tangible-Book or its related term are showing as below:

During the past 13 years, Progress Software's highest Price to Tangible Book Ratio was 92.41. The lowest was 30.08. And the median was 39.45.

PRGS's Price-to-Tangible-Book is not ranked *
in the Software industry.
Industry Median: 3.36
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Progress Software's share price is $44.76. Progress Software's Book Value per Sharefor the quarter that ended in May. 2026 was $12.25. Hence, Progress Software's P/B Ratio of today is 3.65.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Progress Software Price-to-Tangible-Book Related Terms

Progress Software Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Progress Software's Price-to-Tangible-Book 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.

Progress Software Price-to-Tangible-Book Chart

Progress Software Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Progress Software Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

PRGS vs PICS, NN, APPN: Price-to-Tangible-Book Comparison

For the Software - Infrastructure subindustry, Progress Software's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Software Industry

For the Software industry and Technology sector, Progress Software's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Progress Software's Price-to-Tangible-Book falls into.


PRGS
81GF Score
Progress Software Corp PRGS
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Progress Software Price-to-Tangible-Book Calculation

Progress Software's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: May. 2026 )
=44.76/-31.91
=

* 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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is Progress Software (PRGS) Overvalued in 2026?

Based on GuruFocus' analysis, Progress Software stock appears to be undervalued. The current stock price of $44.76 is trading 43.3% below its estimated GF Value™ of $78.88. GuruFocus considers Progress Software to be Possible Value Trap.

Key valuation signals for PRGS:

  • Price-to-Tangible-Book:
  • GF Value™: $78.88 vs. price of $44.76 (43.3% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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 Business Description

Other Exchanges PRGS:MexicoPGR:Germany
Address 15 Wayside Road, Suite 400, Burlington, MA, USA, 01803
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.
81GF Score

Get the complete analysis for PRGS

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$44.76
Price
$78.88
GF Value