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Progress SoftwarePRGS -2.68%79 Shiller PE Ratio is 28.98 as of Aug. 17, 2026, which is 46% below its 10-year median of 53.44. 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 1,026 Software companies, Progress Software ranks worse than 52.92% on this metric.
The historical rank and industry rank for Progress Software's Shiller PE Ratio or its related term are showing as below:
PRGS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 19.04 Med: 53.44 Max: 89.05
Current: 28.98
During the past years, Progress Software's highest Shiller PE Ratio was 89.05. The lowest was 19.04. And the median was 53.44.
PRGS's Shiller PE Ratio is ranked worse than 52.92% of 1026
companies
in the Software industry
Industry Median: 27.72
vs PRGS: 28.98
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Progress Software's adjusted earnings per share data for the three months ended in May. 2026 was $0.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.47 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Progress Software (NAS: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.
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.
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.
* 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'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:
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.
Progress Software (PRGS) has a Shiller PE Ratio of 28.98 as of Aug. 17, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Progress Software and its competitors. This is 46% below median its historical median of 53.44. Over the past decade, Progress Software's Shiller PE Ratio has ranged from 19.04 to 89.05. According to the industry distribution chart, Progress Software ranks #543 out of 1026 companies in the Software industry, placing it in the top 52.9%.
Is Progress Software's Shiller PE Ratio too high?
Progress Software's current Shiller PE Ratio of 28.98 is 46% below median its 10-year median of 53.44. Over the past 10 years, this metric has ranged from a low of 19.04 to a high of 89.05. The Software industry median Shiller PE Ratio is 27.72. Progress Software's value of 28.98 is 4.5% above this industry median. Based on the distribution chart, Progress Software ranks #543 out of 1026 companies in the Software industry, which is below 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 Shiller PE Ratio compare to PICS and NN?
According to the Software industry distribution chart, Progress Software ranks #543 out of 1026 companies for Shiller PE Ratio. This places Progress Software in the lower half of its industry. The industry median Shiller PE Ratio is 27.72. Progress Software's value of 28.98 is 4.5% above this benchmark. Historically, Progress Software's own Shiller PE Ratio has ranged from 19.04 to 89.05 over the past decade. While the company's 10-year median is 53.44 vs. the industry median of 27.72, 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 Shiller PE Ratio for a Software company?
The median Shiller PE Ratio among Software companies is 27.72, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progress Software's current Shiller PE Ratio of 28.98 is 4.5% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Progress Software and its competitors. For the Software industry, the median Shiller PE Ratio is 27.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progress Software's current Shiller PE Ratio is 28.98, which is 46% below median its own 10-year median of 53.44. 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 $42.61 — trading 46% below its estimated fair value. The current Shiller PE Ratio is 28.98, which is 46% below median its 10-year median of 53.44 and 4.5% above the Software industry median of 27.72. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Progress Software (PRGS), the current Shiller PE Ratio is 28.98 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 $42.61 is trading 46% below its estimated GF Value™ of $78.84.
GuruFocus considers Progress Software to be Possible Value Trap.
Key valuation signals for PRGS:
Shiller PE Ratio: 28.98 (46% below median its 10-year median of 53.44)
GF Value™: $78.84 vs. price of $42.61 (46% below fair value)
Industry Position: 4.5% above the Software median (#543 of 1026)
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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Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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