Progress SoftwarePRGS +3.88%67 Quick Ratio is 0.47 as of Feb. 2026, which is 60% below its 10-year median of 1.18. GuruFocus rates PRGS with a GF Score™ of 67/100 and a GF Value™ of $78.70 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,863 Software companies, Progress Software ranks worse than 91.72% on this metric.
Progress Software has a quick ratio of 0.47. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Progress Software's Quick Ratio or its related term are showing as below:
PRGS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.43 Med: 1.18 Max: 1.87
Current: 0.47
During the past 13 years, Progress Software's highest Quick Ratio was 1.87. The lowest was 0.43. And the median was 1.18.
PRGS's Quick Ratio is ranked worse than 91.72% of 2863
companies
in the Software industry
Industry Median: 1.7
vs PRGS: 0.47
Progress Software (NAS:PRGS) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Progress Software Quick Ratio Related Terms
Progress Software Quick Ratio Historical Data
* Premium members only.
The historical data trend for Progress Software's Quick 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 Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Software Industry
For the Software industry and Technology sector, Progress Software's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Progress Software's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Progress Software's Quick Ratio 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.
Progress Software (PRGS) has a Quick Ratio of 0.47 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Progress Software and its competitors. This is 60% below median its historical median of 1.18. Over the past decade, Progress Software's Quick Ratio has ranged from 0.43 to 1.87. According to the industry distribution chart, Progress Software ranks #2626 out of 2863 companies in the Software industry, placing it in the top 91.7%.
Is Progress Software's Quick Ratio too high?
Progress Software's current Quick Ratio of 0.47 is 60% below median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.87. The Software industry median Quick Ratio is 1.70. Progress Software's value of 0.47 is 72.4% below this industry median. Based on the distribution chart, Progress Software ranks #2626 out of 2863 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Progress Software has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progress Software's Quick Ratio compare to PICS and TUYA?
According to the Software industry distribution chart, Progress Software ranks #2626 out of 2863 companies for Quick Ratio. This places Progress Software in the lower half of its industry. The industry median Quick Ratio is 1.70. Progress Software's value of 0.47 is 72.4% below this benchmark. Historically, Progress Software's own Quick Ratio has ranged from 0.43 to 1.87 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.70, 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 Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,863 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progress Software's current Quick Ratio of 0.47 is 72.4% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Progress Software and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current Quick Ratio is 0.47, which is 60% below median its own 10-year median of 1.18. 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 $29.96 — trading 61.9% below its estimated fair value. The current Quick Ratio is 0.47, which is 60% below median its 10-year median of 1.18 and 72.4% below the Software industry median of 1.70. Progress Software's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Progress Software (PRGS), the current Quick Ratio is 0.47 as of Feb. 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 $29.96 is trading 61.9% below its estimated GF Value™ of $78.70.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for PRGS:
Quick Ratio: 0.47 (60% below median its 10-year median of 1.18)
GF Value™: $78.70 vs. price of $29.96 (61.9% below fair value)
Industry Position: 72.4% below the Software median (#2626 of 2863)
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.
67GF Score
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