Valuation of Pitney Bowes Inc. (PBI): TTM P/E 12.6×, P/B -2.62, EV/EBITDA 8.5, dividend yield 2.37%. The price range it would trade at on its usual multiples and on its sector's, with its peers' multiples and a comparison against other Industrials companies.
Pitney Bowes Inc. (PBI) operates as a prominent global provider of shipping and mailing services. The company delivers a comprehensive array of technology, logistics, and financial solutions to a varied client base, including small and medium-sized businesses, major corporations, retailers, and government agencies, spanning the United States, Canada, and international markets.
Where would it trade at its usual multiples?
Versus its usual multiples: cheap · Current P/E 12.6× · Multiples range: $32.83 · $32.83.
At its sector median (25.9×) $33 (+105%). 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
Pitney Bowes Inc. reported revenue of $1.89B in the most recent fiscal year, growing at a 5-year CAGR of -11.8%.
Trailing-twelve-month margins: gross margin 54.3%, operating margin 23.4%, net margin 10.1%.
At $16.01 (closing price, November 4, 2026), PBI trades at a P/E of 12.61 and an ROE of -22.15%. Market capitalisation stands at $2.2B.
Balance sheet quality for PBI: debt-to-equity ratio of -2.40, current ratio of 0.70 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 | 12.61 |
| Price / Book | -2.62 |
| EV / EBITDA | 8.5 |
| Dividend Yield | 2.37% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| PBI | Pitney Bowes Inc. | $2.2B | 12.61 | -22.1% | |
| DXPE | DXP Enterprises, Inc. | $2.5B | 27.98 | 5.15 | 18.3% |
| CECO | CECO Environmental Corp. | $3.4B | 1.20 | -3.6% | |
| KMT | Kennametal Inc. | $2.0B | 3.47 | 1.10 | 39.0% |
| VVX | V2X, Inc. | $2.4B | 24.67 | 2.07 | 8.8% |
| HNI | HNI Corporation | $3.5B | 111.68 | 1.90 | 2.9% |
Price
| Price | $16.01 (closing price, November 4, 2026) |
| Market Cap | $2.2B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | -22.15% |
| Return on Invested Capital | 20.83% |
| Return on Assets | 6.28% |
| Gross Margin | 54.35% |
| Operating Margin | 23.44% |
| Net Margin | 10.10% |
Related companies: DXPE · CECO · KMT · VVX · HNI
Explore sector: Industrials · Integrated Freight & Logistics
More sections of PBI: Overview · Financials · Estimates · Technical · Ownership
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