An evaluation of the effect of alloying elements on the microstructure and magnetic properties of Pr15FebalCo8B7Nb0.05Mx (M = Cu, P, Gd and Ga; 0 ≤ x ≤ 0.25) sintered magnets has been carried out. A mixture of alloys and the high-energy milling technique have been used to prepare the magnets. The alloying elements have influenced the remanence, intrinsic coercivity and particularly the squareness factor (SF). Phosphorus addition improved (BH)max (254 kJm-3 ) and SF around 10% (0.89). The same improvement addition on intrinsic coercivity was observed with Gallium (1100mT) compared to the standard composition Pr15FebalCo8B7Nb0.05 (1000mT) magnet. Comparisons between the squareness factors obtained using the J×μ0H curve profile (SF), the estimated (sf) using microstructural parameters and Sf using a (BH)max and Br correlation have also been carried out.