Progress Software Corp (PRGS)

NASD · Technology · Software - Infrastructure · USA

Progress Software Corp is a small cap company (market value between $300 million and $2 billion) in the Software - Infrastructure industry.

Progress Software provides software products that enable customers to develop, deploy, and manage artificial intelligence-powered applications and digital experiences. The company operates globally through direct sales and indirect channels including independent software vendors, original equipment manufacturers, and resellers. Its product portfolio encompasses development tools, automation platforms, data connectivity solutions, and digital experience platforms serving enterprises and developers.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Progress Software Corp stock.

Our verdict on PRGS

Undervalued: intrinsic value $192.13 per share, market price $45.13, margin of safety 76.5% (as of 2026-10-30).

A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $192.13; the price of $45.13 is 77% below that value.

Leak Score: 64/100 on 12 of 12 signals (Faint Leak).

ETFs with the most weight in PRGS

17 more funds hold it; the full list is part of the paid plan.

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Is PRGS undervalued or overvalued?

PRGS is undervalued (as of the 2026-10-30 close). A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $192.13; the price of $45.13 is 77% below that value.

What is the intrinsic value of PRGS?

$192.13 per share (as of the 2026-10-30 close), against a market price of $45.13. That is a margin of safety of 76.5%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Progress Software Corp's Leak Score?

64 out of 100, which we rate "Faint Leak", on 12 of 12 value investing signals.