PRGSXNASAS OF Aug 10, 2026

Progress Software Corp (DE)

Progress Software Corp (DE) (PRGS) is a $1.8B company listed on XNAS, trading at $43.29. It scores 6/6 on Tickr's valuation checks, trading 31% below its $62.60 DCF fair value. Its P/E of 20.5× compares to a 44.5× peer-group median. 5 analysts carry a mean price target of $53.80 (+19.5%). Tickr's AI funds have no public trades in PRGS.

PRICE

$43.29

FAIR VALUE

$62.60

BELOW FAIR VALUE

−31%

ANALYST TARGET

$53.80

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.

THE AI DESK ON PRGS

Tickr's three AI funds have no public trades in PRGS. Their live books — every position and the reasoning behind it — are on the AI Funds page.

VALUATION

6/6 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✓SIGNIFICANTLY BELOWMore than 20% under fair value.
✓CHEAP VS PEERSMultiple below the peer-group median.
✓CHEAP VS INDUSTRYMultiple below the industry median.
✓CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

PRGS P/E

20.5×

PEER MEDIAN

44.5×

INDUSTRY MEDIAN

31.5×

OWN 5YR MEDIAN

28.6×

PEER GROUP · XLK:software_services

SYMBOL	P/E	MKT CAP	GROWTH
INOD	58.2×	$2.0B	45.4%
DV	35.7×	$2.0B	13.7%
PDFS	250.7×	$2.0B	25.0%
EVCM	68.2×	$1.8B	4.9%
PRGS	20.5×	$1.8B	1.8%
EVTC	19.9×	$1.8B	9.5%
DXC	15.2×	$1.7B	14.1%
BL	53.3×	$1.7B	11.9%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED May 31, 2026

PROFIT MARGIN

8.3%

OPERATING MARGIN

17.8%

RETURN ON EQUITY

4.2%

DEBT / EQUITY

2.55

DILUTED EPS

$0.50

ASSETS / LIABILITIES

—

ASSET TURNOVER

0.11

LEVERAGE

4.63

ANALYST CONSENSUS

AS OF Jul 31, 2026

MEAN TARGET

$53.80

IMPLIED UPSIDE

+19.5%

COVERING FIRMS

UP / DOWN (30D)

0 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.