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Progress SoftwarePRGS -2.35%79 PS Ratio is 1.83 as of Aug. 17, 2026, which is 53% below its 10-year median of 3.88. GuruFocus rates PRGS with a GF Score™ of 79/100 and a GF Value™ of $78.84 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,788 Software companies, Progress Software ranks better than 51.83% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Progress Software's share price is $42.75.
Progress Software's Revenue per Share for the trailing twelve months (TTM) ended in May. 2026 was $23.34. Hence, Progress Software's PS Ratio for today is 1.83.
The historical rank and industry rank for Progress Software's PS Ratio or its related term are showing as below:
PRGS'
s PS Ratio Range Over the Past 10 Years
Min: 1.16 Med: 3.88 Max: 6.43
Current: 1.83
During the past 13 years, Progress Software's highest PS Ratio was 6.43. The lowest was 1.16. And the median was 3.88.
PRGS's PS Ratio is ranked better than 51.83% of 2788
companies
in the Software industry
Industry Median: 2
vs PRGS: 1.83
Progress Software Corp has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Progress Software was 19.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 17.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 16.40% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 11.10% per year.
During the past 13 years, Progress Software's highest 3-Year average Revenue per Share Growth Rate was 35.60% per year. The lowest was -15.00% per year. And the median was 10.35% per year.
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Progress Software PS Ratio Related Terms
Progress Software PS Ratio Historical Data
* Premium members only.
The historical data trend for Progress Software's PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Software Industry
For the Software industry and Technology sector, Progress Software's PS Ratio distribution charts can be found below:
* The bar in red indicates where Progress Software's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Progress Software's Share Price of today is $42.75. Progress Software's Revenue per Share 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 $23.34.
* 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:
Progress Software (PRGS) has a PS Ratio of 1.83 as of Aug. 17, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Progress Software and its competitors. This is 53% below median its historical median of 3.88. Over the past decade, Progress Software's PS Ratio has ranged from 1.16 to 6.43. According to the industry distribution chart, Progress Software ranks #1343 out of 2788 companies in the Software industry, placing it in the top 48.2%.
Is Progress Software's PS Ratio too high?
Progress Software's current PS Ratio of 1.83 is 53% below median its 10-year median of 3.88. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 6.43. The Software industry median PS Ratio is 2.00. Progress Software's value of 1.83 is 8.5% below this industry median. Based on the distribution chart, Progress Software ranks #1343 out of 2788 companies in the Software industry, which is above 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 PS Ratio compare to PICS and NN?
According to the Software industry distribution chart, Progress Software ranks #1343 out of 2788 companies for PS Ratio. This puts Progress Software in the upper half of its industry. The industry median PS Ratio is 2.00. Progress Software's value of 1.83 is 8.5% below this benchmark. Historically, Progress Software's own PS Ratio has ranged from 1.16 to 6.43 over the past decade. While the company's 10-year median is 3.88 vs. the industry median of 2.00, Progress Software has consistently been below 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 PS Ratio for a Software company?
The median PS Ratio among Software companies is 2.00, based on 2,788 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progress Software's current PS Ratio of 1.83 is 8.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Progress Software and its competitors. For the Software industry, the median PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current PS Ratio is 1.83, which is 53% below median its own 10-year median of 3.88. 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 PS Ratio is 1.83, which is 53% below median its 10-year median of 3.88 and 8.5% below the Software industry median of 2.00. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Progress Software (PRGS), the current PS Ratio is 1.83 as of Aug. 17, 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:
PS Ratio: 1.83 (53% below median its 10-year median of 3.88)
GF Value™: $78.84 vs. price of $42.75 (45.8% below fair value)
Industry Position: 8.5% below the Software median (#1343 of 2788)
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
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