Valuation dashboard for Dropbox, Inc. (DBX) with P/E 19.42, P/B -3.59, EV/EBITDA 12.5 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Dropbox, Inc. engages in providing file backup, sync, and sharing solutions. Its products include Dropbox, Dropbox Reply, Dropbox Sign, Dropbox Reclaim.ai, Dropbox Dash, Dropbox DocSend, Dropbox Fax, and Dropbox Early access. It operates through the United States and International geographical segments. The company was founded by Andrew W. Houston and Arash Ferdowsi in May 2007 and is headquartered in San Francisco, CA.
What would it be worth at its usual multiples?
Versus its usual multiples: cheap · Current P/E 19.4× · Multiples range: $56.70 · $56.70.
At its sector median (31.5×) $57 (+62 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Dropbox, Inc. reported revenue of $2.52B in the most recent fiscal year, growing at a 5-year CAGR of 5.7%.
Trailing-twelve-month margins: gross margin 79.7%, operating margin 26.5%, net margin 17.5%.
At $34.96 (closing price, November 3, 2026), DBX trades at a P/E of 19.42 and an ROE of -23.53%. Market capitalisation stands at $7.6B.
Balance sheet quality for DBX: debt-to-equity ratio of -1.82, current ratio of 1.07 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 19.42 |
| Price / Book | -3.59 |
| EV / EBITDA | 12.5 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| DBX | Dropbox, Inc. | $7.6B | 19.42 | -23.5% | |
| GDDY | GoDaddy Inc. | $14.4B | 15.52 | 12.0% | |
| CVLT | Commvault Systems, Inc. | $6.6B | 83.41 | 529.97 | 114.5% |
| AVPT | AvePoint, Inc. | $3.5B | 52.42 | 7.91 | 15.7% |
| BOX | Box, Inc. | $5.9B | 61.79 | 40.85 | 217.3% |
Price
| Price | $34.96 (closing price, November 3, 2026) |
| Market Cap | $7.6B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | -23.53% |
| Return on Invested Capital | 28.56% |
| Return on Assets | 15.67% |
| Gross Margin | 79.72% |
| Operating Margin | 26.49% |
| Net Margin | 17.49% |
Related companies: GDDY · CVLT · AVPT · BOX
Explore sector: Technology · Software - Infrastructure
More sections of DBX: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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