P/E ratio for Progress Software (PRGS)
P/E ratio as of April 2024 (TTM): 28.4
According to Progress Software 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.3681. At the end of 2022 the company had a P/E ratio of 23.0.
P/E ratio history for Progress Software from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.0 | -14.57% |
| 2021 | 27.0 | 5.62% |
| 2020 | 25.5 | -64.36% |
| 2019 | 71.6 | 182.6% |
| 2018 | 25.4 | -53.55% |
| 2017 | 54.6 | -296.57% |
| 2016 | -27.8 | -79.18% |
| 2015 | -133 | -583.59% |
| 2014 | 27.6 | 45.17% |
| 2013 | 19.0 | -32.14% |
| 2012 | 28.0 | 31.62% |
| 2011 | 21.3 | -43.83% |
| 2010 | 37.9 | 4.94% |
| 2009 | 36.1 | 111.65% |
| 2008 | 17.0 | -48.89% |
| 2007 | 33.3 | -12.84% |
| 2006 | 38.3 | 64.47% |
| 2005 | 23.3 | -18.31% |
| 2004 | 28.5 | -1.18% |
| 2003 | 28.8 | 29.06% |
| 2002 | 22.3 | -34.1% |
| 2001 | 33.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.9 | 29.91% | 🇺🇸 USA |
 Oracle ORCL | 33.2 | 17.17% | 🇺🇸 USA |
 IBM IBM | 24.2 | -14.83% | 🇺🇸 USA |
 Citrix Systems
CTXS | 39.4 | 39.04% | 🇺🇸 USA |
 HP HPQ | 12.0 | -57.63% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.