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Progress Software price to book ratio PRGS

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
3.6×
10-year median
5.3×
Against its 10-year history
11th
percentile: 0 is its lowest day, 100 its highest
10-year range
2.2× to 7.1×
Peer median
3.7×

Progress Software's price to book ratio is 3.6× as of Oct 23, 2026.

That is below its ten-year median of 5.3×, lower than on 89% of days in the last ten years.

Over that time it ranged from 2.2× in Apr 2026 to 7.1× in Sep 2024.

The median for 10 infrastructure software stocks of a similar size is 3.7×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far3.6×2.2×3.8×
20253.9×3.6×6.6×
20246.6×4.6×7.1×
20235.3×4.9×6.4×
20225.9×4.7×6.3×
20215.3×5.1×6.4×
20205.5×4.1×6.6×
20195.6×5.1×6.7×
20185.2×4.6×6.3×
20175.2×2.8×5.2×
20163.1×2.2×3.2×
20152.3×2.1×2.9×
20142.6×2.1×2.6×
20132.6×1.9×2.6×
20121.9×1.7×2.4×
20111.8×1.6×3.0×
20102.9×2.5×3.0×

Against its peers

Companies in Software - Infrastructure nearest Progress Software's size, closest first, today.

CompanyPrice to book ratio
PRGSProgress Software3.6×
MQMarqeta2.7×
BLBlackline6.4×
PDFSPDF Solutions4.5×
EVCMEverCommerce2.3×
CXMSprinklr3.0×
XZOExzeo5.3×
NCNOnCino2.6×
BLKBBlackbaud37.6×
RDVTRed Violet11.6×
NTCTNetscout Systems1.7×
Peer median3.7×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Progress Software

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.