Progress Software (MEX:PRGS) Shiller PE Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:PRGS Progress Software Corp MEX:PRGS
50 GF Score
Price MXN537.00
GF Value MXN949.11
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Progress Software Shiller PE Ratio?

Note: If the price history is too short, we do not calculate current Shiller PE for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Progress Software  (MEX:PRGS) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Progress Software Shiller PE Ratio Related Terms


Progress Software Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Progress Software's Shiller PE 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.

Progress Software Shiller PE Ratio Chart

Progress Software Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.67 50.55 50.46 60.76 30.72

Progress Software Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Shiller PE Ratio 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 51.37 36.67 30.72 29.83 22.35

MEX:PRGS vs PICS, NN, APPN: Shiller PE Ratio Comparison

For the Software - Infrastructure subindustry, Progress Software's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Progress Software's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Progress Software's Shiller PE Ratio falls into.


MEX:PRGS
50GF Score
Progress Software Corp MEX:PRGS
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Progress Software Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Progress Software's E10 for the quarter that ended in May. 2026 is calculated as:

For example, Progress Software's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=8.675/335.1230*335.1230
=8.675

Current CPI (May. 2026) = 335.1230.

Progress Software Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201608 2.827 240.849 3.934
201611 -31.094 241.353 -43.175
201702 -0.200 243.603 -0.275
201705 3.918 244.733 5.365
201708 4.091 245.519 5.584
201711 6.335 246.669 8.607
201802 5.464 248.991 7.354
201805 5.600 251.588 7.459
201808 6.148 252.146 8.171
201811 8.322 252.038 11.065
201902 4.046 252.776 5.364
201905 3.537 256.092 4.629
201908 6.020 256.558 7.863
201911 -2.150 257.208 -2.801
202002 9.076 258.678 11.758
202005 8.203 256.394 10.722
202008 11.596 259.918 14.951
202011 7.858 260.229 10.120
202102 8.793 263.014 11.204
202105 5.979 269.195 7.443
202108 14.052 273.567 17.214
202111 7.079 277.948 8.535
202202 9.385 283.716 11.085
202205 12.989 292.296 14.892
202208 10.043 296.171 11.364
202211 10.458 297.711 11.772
202302 9.723 300.840 10.831
202305 4.792 304.127 5.280
202308 7.090 307.026 7.739
202311 5.908 307.051 6.448
202402 8.700 310.326 9.395
202405 6.288 314.069 6.710
202408 12.822 314.796 13.650
202411 0.611 315.493 0.649
202502 4.926 319.082 5.174
202505 7.578 321.465 7.900
202508 8.299 323.976 8.585
202511 10.809 324.122 11.176
202602 9.127 326.785 9.360
202605 8.675 335.123 8.675

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Progress Software (MEX:PRGS) Overvalued in 2026?

Based on GuruFocus' analysis, Progress Software stock appears to be undervalued. The current stock price of MXN537.00 is trading 43.4% below its estimated GF Value™ of MXN949.11. GuruFocus considers Progress Software to be Possible Value Trap.

Key valuation signals for MEX:PRGS:

  • Shiller PE Ratio:
  • GF Value™: MXN949.11 vs. price of MXN537.00 (43.4% below fair value)
  • GF Score™: 50/100 with 7 warning signs

No single metric tells the full story. See the MEX:PRGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Progress Software Business Description

Other Exchanges PRGS:USAPGR: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.
50GF Score

Get the complete analysis for MEX:PRGS

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN537.00
Price
MXN949.11
GF Value