Superworth

Progress Software price to free cash flow PRGS

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026
5.9×
10-year median
13.0×
Against its 10-year history
6th
percentile: 0 is its lowest day, 100 its highest
10-year range
4.2× to 23.7×
Peer median
12.2×

Progress Software's price to free cash flow is 5.9× as of Oct 23, 2026.

That is below its ten-year median of 13.0×, lower than on 94% of days in the last ten years.

Over that time it ranged from 4.2× in Apr 2026 to 23.7× in Jan 2018.

The median for 10 infrastructure software stocks of a similar size is 12.2×.

Price to free cash flow 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 far5.9×4.2×9.8×
202510.0×9.4×13.8×
202412.8×11.0×14.9×
202313.5×11.7×15.8×
202211.4×9.8×13.0×
202112.3×11.7×16.0×
202015.3×10.9×19.4×
201916.5×12.8×18.9×
201813.0×11.6×23.7×
201719.5×12.3×19.6×
201617.0×10.6×17.1×
201511.0×9.8×17.2×
201417.8×15.7×122×
2013122×12.9×125×
201217.8×9.1×18.4×
20119.7×9.3×14.6×

Against its peers

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

CompanyPrice to free cash flow
PRGSProgress Software5.9×
MQMarqeta9.9×
BLBlackline11.5×
PDFSPDF Solutionsn/m
EVCMEverCommerce15.6×
CXMSprinklr12.2×
XZOExzeo18.7×
NCNOnCino18.5×
BLKBBlackbaud7.7×
RDVTRed Violet38.6×
NTCTNetscout Systems11.0×
Peer median12.2×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Progress Software

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