diff --git a/declarations/plugins/ProgressPlugin.d.ts b/declarations/plugins/ProgressPlugin.d.ts
index d0fa1b45b..ee0b0f07e 100644
--- a/declarations/plugins/ProgressPlugin.d.ts
+++ b/declarations/plugins/ProgressPlugin.d.ts
@@ -19,6 +19,14 @@ export interface ProgressPluginOptions {
 	 * Show active modules count and one active module in progress message
 	 */
 	activeModules?: boolean;
+	/**
+	 * Show dependencies count in progress message
+	 */
+	dependencies?: boolean;
+	/**
+	 * Minimum dependencies count to start with. For better progress calculation. Default: 10000
+	 */
+	dependenciesCount?: number;
 	/**
 	 * Show entries count in progress message
 	 */
@@ -32,7 +40,7 @@ export interface ProgressPluginOptions {
 	 */
 	modules?: boolean;
 	/**
-	 * Minimum modules count to start with. Only for mode=modules. Default: 500
+	 * Minimum modules count to start with. For better progress calculation. Default: 5000
 	 */
 	modulesCount?: number;
 	/**
diff --git a/lib/ProgressPlugin.js b/lib/ProgressPlugin.js
index 7d3bc9925..7d891ddfb 100644
--- a/lib/ProgressPlugin.js
+++ b/lib/ProgressPlugin.js
@@ -14,6 +14,10 @@ const MultiCompiler = require("./MultiCompiler");
 /** @typedef {import("../declarations/plugins/ProgressPlugin").ProgressPluginArgument} ProgressPluginArgument */
 /** @typedef {import("../declarations/plugins/ProgressPlugin").ProgressPluginOptions} ProgressPluginOptions */
 
+const median3 = (a, b, c) => {
+	return a + b + c - Math.max(a, b, c) - Math.min(a, b, c);
+};
+
 const createDefaultHandler = (profile, logger) => {
 	let lastState;
 	let lastStateTime;
@@ -90,8 +94,10 @@ class ProgressPlugin {
 		this.profile = options.profile;
 		this.handler = options.handler;
 		this.modulesCount = options.modulesCount;
+		this.dependenciesCount = options.dependenciesCount;
 		this.showEntries = options.entries;
 		this.showModules = options.modules;
+		this.showDependencies = options.dependencies;
 		this.showActiveModules = options.activeModules;
 	}
 
@@ -140,16 +146,19 @@ class ProgressPlugin {
 	 * @returns {void}
 	 */
 	_applyOnCompiler(compiler, handler) {
-		const { modulesCount } = this;
 		const showEntries = this.showEntries;
 		const showModules = this.showModules;
+		const showDependencies = this.showDependencies;
 		const showActiveModules = this.showActiveModules;
 		let lastActiveModule = "";
-		let lastModulesCount = 0;
+		let lastModulesCount = this.modulesCount;
+		let lastDependenciesCount = this.dependenciesCount;
 		let lastEntriesCount = 0;
-		let moduleCount = modulesCount;
+		let modulesCount = 0;
+		let dependenciesCount = 0;
 		let entriesCount = 1;
 		let doneModules = 0;
+		let doneDependencies = 0;
 		let doneEntries = 0;
 		const activeModules = new Set();
 		let lastUpdate = 0;
@@ -162,16 +171,24 @@ class ProgressPlugin {
 			/** @type {string[]} */
 			const items = [];
 			const percentByModules =
-				doneModules / Math.max(lastModulesCount, moduleCount);
+				doneModules / Math.max(lastModulesCount, modulesCount);
 			const percentByEntries =
 				doneEntries / Math.max(lastEntriesCount, entriesCount);
+			const percentByDependencies =
+				doneDependencies / Math.max(lastDependenciesCount, dependenciesCount);
 			const percentage =
-				0.1 + Math.max(percentByModules, percentByEntries) * 0.6;
+				0.1 +
+				median3(percentByModules, percentByEntries, percentByDependencies) *
+					0.6;
+
 			if (showEntries) {
 				items.push(`${doneEntries}/${entriesCount} entries`);
 			}
+			if (showDependencies) {
+				items.push(`${doneDependencies}/${dependenciesCount} dependencies`);
+			}
 			if (showModules) {
-				items.push(`${doneModules}/${moduleCount} modules`);
+				items.push(`${doneModules}/${modulesCount} modules`);
 			}
 			if (showActiveModules) {
 				items.push(`${activeModules.size} active`);
@@ -181,9 +198,19 @@ class ProgressPlugin {
 			lastUpdate = Date.now();
 		};
 
-		const moduleAdd = module => {
-			moduleCount++;
-			if (moduleCount % 100 === 0) updateThrottled();
+		const factorizeAdd = () => {
+			dependenciesCount++;
+			if (dependenciesCount % 100 === 0) updateThrottled();
+		};
+
+		const factorizeDone = () => {
+			doneDependencies++;
+			if (doneDependencies % 100 === 0) updateThrottled();
+		};
+
+		const moduleAdd = () => {
+			modulesCount++;
+			if (modulesCount % 100 === 0) updateThrottled();
 		};
 
 		const moduleBuild = module => {
@@ -228,17 +255,29 @@ class ProgressPlugin {
 
 		compiler.hooks.compilation.tap("ProgressPlugin", compilation => {
 			if (compilation.compiler.isChild()) return;
-			lastModulesCount = moduleCount;
+			lastModulesCount = modulesCount;
 			lastEntriesCount = entriesCount;
-			moduleCount = entriesCount = 0;
-			doneModules = doneEntries = 0;
+			lastDependenciesCount = dependenciesCount;
+			modulesCount = dependenciesCount = entriesCount = 0;
+			doneModules = doneDependencies = doneEntries = 0;
 			handler(0, "compiling");
 
+			compilation.factorizeQueue.hooks.added.tap(
+				"ProgressPlugin",
+				factorizeAdd
+			);
+			compilation.factorizeQueue.hooks.result.tap(
+				"ProgressPlugin",
+				factorizeDone
+			);
+
 			compilation.addModuleQueue.hooks.added.tap("ProgressPlugin", moduleAdd);
+			compilation.processDependenciesQueue.hooks.result.tap(
+				"ProgressPlugin",
+				moduleDone
+			);
+
 			compilation.hooks.buildModule.tap("ProgressPlugin", moduleBuild);
-			compilation.hooks.failedModule.tap("ProgressPlugin", moduleDone);
-			compilation.hooks.succeedModule.tap("ProgressPlugin", moduleDone);
-			compilation.hooks.stillValidModule.tap("ProgressPlugin", moduleDone);
 
 			compilation.hooks.addEntry.tap("ProgressPlugin", entryAdd);
 			compilation.hooks.failedEntry.tap("ProgressPlugin", entryDone);
@@ -341,8 +380,10 @@ class ProgressPlugin {
 
 ProgressPlugin.defaultOptions = {
 	profile: false,
-	modulesCount: 500,
+	modulesCount: 5000,
+	dependenciesCount: 10000,
 	modules: true,
+	dependencies: true,
 	activeModules: false,
 	entries: true
 };
diff --git a/schemas/plugins/ProgressPlugin.json b/schemas/plugins/ProgressPlugin.json
index e3847c7e1..778fb04b2 100644
--- a/schemas/plugins/ProgressPlugin.json
+++ b/schemas/plugins/ProgressPlugin.json
@@ -13,6 +13,14 @@
           "description": "Show active modules count and one active module in progress message",
           "type": "boolean"
         },
+        "dependencies": {
+          "description": "Show dependencies count in progress message",
+          "type": "boolean"
+        },
+        "dependenciesCount": {
+          "description": "Minimum dependencies count to start with. For better progress calculation. Default: 10000",
+          "type": "number"
+        },
         "entries": {
           "description": "Show entries count in progress message",
           "type": "boolean"
@@ -30,7 +38,7 @@
           "type": "boolean"
         },
         "modulesCount": {
-          "description": "Minimum modules count to start with. Only for mode=modules. Default: 500",
+          "description": "Minimum modules count to start with. For better progress calculation. Default: 5000",
           "type": "number"
         },
         "profile": {
diff --git a/test/ProgressPlugin.test.js b/test/ProgressPlugin.test.js
index d2334d0ad..14f12ae58 100644
--- a/test/ProgressPlugin.test.js
+++ b/test/ProgressPlugin.test.js
@@ -41,7 +41,7 @@ describe("ProgressPlugin", function() {
 				"trims each detail string equally"
 			);
 			expect(logs).toContain(
-				"10% ...ding ...ries ...ules ...tive",
+				"10% ...ding ...ries ...cies ...ules",
 				"remove empty arguments and omit arguments when no space"
 			);
 			expect(logs).toContain("92% after chunk asset optimization");