PRGS
Progress Software Corp
Price:  
52.40 
USD
Volume:  
579,814.00
United States | Software
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PRGS Fair Value

-23.63 %
Upside

As of 2024-03-05, the Fair Value of Progress Software Corp (PRGS) is 40.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 52.40 USD, the upside of Progress Software Corp is -23.63%.

52.40 USD
Stock Price
40.02 USD
Fair Price
FAIR VALUE CALCULATION

PRGS Fair Value

Peter Lynch's formula is:

PRGS Fair Value
= Earnings Growth Rate x TTM EPS
PRGS Fair Value
= 25.00 x 1.60
PRGS Fair Value
= 40.02

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-11-30 2020-11-30 2021-11-30 2022-11-30 2023-11-30 5Y Avg
Net income 26.40 79.70 78.40 95.10 70.20 69.96
YoY growth -46.88% 201.89% -1.63% 21.30% -26.19% 29.70%

PRGS Fair Value - Key Data

Market Cap (mil) 2,299.31
P/E 32.74x
Forward P/E 30.72x
EPS 1.60
Avg earnings growth rate 29.70%
TTM earnings 70.23