Progress Software currently holds a Zacks Rank #2 (Buy) and an A grade for Value, signaling it may be undervalued. The stock trades at a P/E ratio of 7.46, well below its industry average of 18.95, and its forward P/E has ranged from 7.37 to 14.46 over the past year. PRGS also shows a P/B ratio of 4 versus an industry average of 5.48, a P/S ratio of 1.6 compared to 3.41, and a P/CF ratio of 9.86 against 13.71. These metrics, combined with a strong earnings outlook, suggest Progress Software is one of the market's strongest value stocks.
Progress Software CorporationZacks Rank #2 (Buy) and A Value Grade indicate the stock is undervalued based on low P/E, P/B, P/S, P/CF ratios relative to industry.